AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (unaudited)

June 30, 2026

	Principal Amount	Value
Short-Term Investments - 46.3%
Repurchase Agreements - 46.3%
Fixed Income Clearing Corp., dated 06/30/26, due 07/01/26, 3.350% total to be received $3,690,343 (collateralized by a U.S. Treasury Note, 4.375%, 05/15/34, totaling $3,763,900)	$3,690,000	$3,690,000

Total Short-Term Investments (Cost $3,690,000)		3,690,000

		Value

Total Investments - 46.3% (Cost $3,690,000)		$3,690,000
Derivatives - 0.7%¹		54,617
Other Assets, less Liabilities - 53.0%²		4,227,282
Net Assets - 100.0%		$7,971,899

¹	Includes Futures Contracts, Forward Foreign Currency Exchange Contracts and Forward Commodity Exchange Contracts. Please refer to the Open Futures Contracts table, Open Forward Foreign Currency Exchange Contracts table and Open Forward Commodity Exchange Contracts table for the details.
²	Includes cash deposits for futures contracts and forward commodity exchange contracts of $4,287,521 which which equates to 53.8% of net assets.

Open Futures Contracts

Description	Currency	Number of Contracts	Position	Expiration Date	Current Notional Amount	Value and Unrealized Gain/(Loss)
3 Month CORRA	CAD	7	Long	03/16/27	$1,203,376	$848
3 Month Euribor	EUR	2	Long	12/18/28	556,703	127
CAC 40	EUR	1	Long	07/17/26	96,093	(532)
Canadian 10 Year Government Bond	CAD	12	Long	09/18/26	1,024,728	4,326
Canola¹	CAD	4	Long	11/13/26	41,476	(627)
Copper¹	USD	1	Long	09/28/26	156,350	(7,564)
Cotton No. 2¹	USD	1	Long	12/08/26	38,400	(542)
E-mini Russell 2000 Index	USD	1	Long	09/18/26	152,280	3,932
EURO STOXX 50	EUR	2	Long	09/18/26	145,247	1,004
Euro-BTP	EUR	2	Long	09/08/26	272,739	1,461
Euro-Bund	EUR	1	Long	09/08/26	145,499	(138)
Euro-OAT	EUR	4	Long	09/08/26	548,357	(36)
FTSE 100 Index	GBP	2	Long	09/18/26	279,655	264
FTSE China A50 Index	USD	19	Long	07/30/26	294,766	1,953
FTSE MIB Index	EUR	1	Long	09/18/26	296,390	84
FTSE Taiwan Index	USD	1	Long	07/30/26	161,720	(214)
Long Gilt	GBP	2	Long	09/28/26	236,665	(704)
MSCI Singapore Index	SGD	5	Long	07/30/26	184,908	(974)
OMX Stockholm 30	SEK	5	Long	07/17/26	165,887	2,246
S&P 500 E-Mini Index	USD	15	Long	09/18/26	5,661,187	36,517
S&P/TSX 60 Index Standard	CAD	2	Long	09/17/26	579,785	(3,962)
SET50 Index	THB	64	Long	09/29/26	403,221	12,150
Soybean¹	USD	3	Long	11/13/26	171,563	1,181
Soybean Oil¹	USD	6	Long	12/14/26	235,260	(18,786)
Topix Index	JPY	1	Long	09/10/26	246,195	9,225

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Description	Currency	Number of Contracts	Position	Expiration Date	Current Notional Amount	Value and Unrealized Gain/(Loss)
3-Month Secured Overnight Financing Rate	USD	1	Short	03/20/29	$(240,688)	$(89)
3-Month Secured Overnight Financing Rate	USD	1	Short	06/18/29	(240,700)	(101)
3-Month Secured Overnight Financing Rate	USD	1	Short	06/18/30	(240,500)	24
3-Month Secured Overnight Financing Rate	USD	1	Short	09/18/29	(240,613)	11
3-Month Secured Overnight Financing Rate	USD	1	Short	09/17/30	(240,450)	(1)
3-Month Secured Overnight Financing Rate	USD	1	Short	12/18/29	(240,575)	11
3-Month Secured Overnight Financing Rate	USD	1	Short	03/19/30	(240,538)	24
90 Day Bank Accepted Bill	AUD	7	Short	09/10/26	(4,793,264)	(2,859)
Australian 10 Year Treasury Bond	AUD	6	Short	09/15/26	(456,193)	(6,198)
Australian 3 Year Treasury Bond	AUD	21	Short	09/15/26	(1,520,729)	(6,659)
CBOE VIX Index	USD	1	Short	07/22/26	(17,951)	1,897
CBOE VIX Index	USD	1	Short	08/19/26	(18,949)	1,008
Corn ¹	USD	11	Short	12/14/26	(239,800)	2,950
Euro-Schatz	EUR	7	Short	09/08/26	(847,489)	(1,123)
Hang Seng China Enterprises Index	HKD	5	Short	07/30/26	(240,123)	6,374
Hang Seng Index	HKD	2	Short	07/30/26	(291,310)	2,545
Japan 10 Year Government Bond	JPY	2	Short	09/14/26	(1,571,635)	(4,924)
Korea 10 Year Government Bond	KRW	13	Short	09/15/26	(900,006)	(13,494)
Korea 3-Year Government Bond	KRW	37	Short	09/15/26	(2,466,746)	(13,584)
Lean Hogs¹	USD	4	Short	08/14/26	(157,120)	6,161
Natural Gas¹	USD	1	Short	07/29/26	(32,750)	(1,322)
Natural Gas¹	USD	2	Short	08/27/26	(63,880)	(1,084)
Natural Gas¹	USD	2	Short	09/28/26	(64,260)	(1,334)
Natural Gas	USD	2	Short	10/28/26	(67,860)	986
NIFTY 50 Index	USD	12	Short	07/28/26	(576,108)	1,504
SET50 Index	THB	1	Short	09/29/26	(6,300)	(234)
Soybean Meal¹	USD	4	Short	12/14/26	(121,240)	(119)
Sugar #11¹	USD	11	Short	09/30/26	(182,582)	(4,712)
U.S. Treasury 10 Year Note	USD	2	Short	09/21/26	(219,781)	(1,549)
U.S. Treasury 10 Year Ultra Bond	USD	1	Short	09/21/26	(112,469)	(1,603)
U.S. Treasury 2 Year Note	USD	10	Short	09/30/26	(2,061,328)	1,241
U.S. Treasury 5 Year Note	USD	5	Short	09/30/26	(535,234)	(1,028)
VSTOXX	EUR	15	Short	07/22/26	(30,165)	3,233
VSTOXX	EUR	8	Short	08/19/26	(17,322)	665
Wheat¹	USD	1	Short	09/14/26	(29,463)	(465)
					Total	$7,391


¹	Investment is held by AMG Systematica Subsidiary Fund II, a wholly-owned subsidiary of AMG Systematica Trend-Enhanced Markets Fund.

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

CURRENCY ABBREVIATIONS:
AUD	Australian Dollar
CAD	Canadian Dollar
EUR	Euro Dollar
GBP	British Pound
HKD	Hong Kong Dollar
JPY	Japanese Yen
KRW	South Korean Won
SEK	Sweden Krona
SGD	Singapore Dollar
THB	Thai Baht
USD	U.S. Dollar

Open Forward Foreign Currency Exchange Contracts

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
Australian Dollar	100,000	U.S. Dollar	68,766	07/01/26	UBS AG	$468
Australian Dollar	131,398	U.S. Dollar	92,593	07/15/26	UBS AG	(1,645)
Australian Dollar	156,023	U.S. Dollar	109,946	07/15/26	UBS AG	(1,954)
Australian Dollar	64,275	U.S. Dollar	45,004	07/15/26	UBS AG	(516)
Australian Dollar	100,000	U.S. Dollar	70,685	07/15/26	UBS AG	(1,469)
Australian Dollar	154,802	U.S. Dollar	110,219	07/15/26	UBS AG	(3,072)
Australian Dollar	193,502	U.S. Dollar	137,773	07/15/26	UBS AG	(3,840)
Canadian Dollar	143,475	U.S. Dollar	100,968	07/02/26	UBS AG	205
Canadian Dollar	1,570	U.S. Dollar	1,107	07/15/26	UBS AG	1
Canadian Dollar	3,408	U.S. Dollar	2,403	07/15/26	UBS AG	2
Canadian Dollar	3,952	U.S. Dollar	2,829	07/15/26	UBS AG	(41)
Swiss Franc	336	U.S. Dollar	415	07/01/26	UBS AG	0¹
Swiss Franc	102	U.S. Dollar	126	07/02/26	UBS AG	0¹
Swiss Franc	561	U.S. Dollar	694	07/02/26	UBS AG	1
Swiss Franc	561	U.S. Dollar	694	07/02/26	UBS AG	1
Swiss Franc	102	U.S. Dollar	126	07/02/26	UBS AG	0¹
Swiss Franc	337	U.S. Dollar	417	07/02/26	UBS AG	1
Swiss Franc	1,087	U.S. Dollar	1,368	07/15/26	UBS AG	(20)
Swiss Franc	2,063	U.S. Dollar	2,598	07/15/26	UBS AG	(41)
Swiss Franc	2,544	U.S. Dollar	3,223	07/15/26	UBS AG	(69)
Swiss Franc	333	U.S. Dollar	412	07/15/26	UBS AG	1
Swiss Franc	571	U.S. Dollar	726	07/15/26	UBS AG	(19)
Swiss Franc	571	U.S. Dollar	726	07/15/26	UBS AG	(18)
Swiss Franc	581	U.S. Dollar	737	07/15/26	UBS AG	(17)
Swiss Franc	1,828	U.S. Dollar	2,262	07/15/26	UBS AG	4
Swiss Franc	97	U.S. Dollar	120	07/15/26	UBS AG	(0)¹
Swiss Franc	3,851	U.S. Dollar	4,856	07/15/26	UBS AG	(82)
Swiss Franc	775	U.S. Dollar	987	07/15/26	UBS AG	(26)

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
Chinese Offshore Yuan	1,341	U.S. Dollar	197	07/02/26	UBS AG	$0¹
Chinese Offshore Yuan	331,327	U.S. Dollar	48,781	07/03/26	UBS AG	20
Chinese Offshore Yuan	82,142	U.S. Dollar	12,098	07/03/26	UBS AG	0¹
Chinese Offshore Yuan	347,900	U.S. Dollar	51,219	07/03/26	UBS AG	23
Chinese Offshore Yuan	177,999	U.S. Dollar	26,299	07/15/26	UBS AG	(61)
Chinese Offshore Yuan	1,044,129	U.S. Dollar	154,271	07/15/26	UBS AG	(360)
Chinese Offshore Yuan	1,238,293	U.S. Dollar	182,959	07/15/26	UBS AG	(427)
Chinese Offshore Yuan	156	U.S. Dollar	23	07/15/26	UBS AG	(0)¹
Chinese Offshore Yuan	41,534	U.S. Dollar	6,145	07/15/26	UBS AG	(23)
Chinese Offshore Yuan	243,630	U.S. Dollar	36,047	07/15/26	UBS AG	(135)
Chinese Offshore Yuan	288,935	U.S. Dollar	42,751	07/15/26	UBS AG	(160)
Chinese Offshore Yuan	29,370	U.S. Dollar	4,319	07/15/26	UBS AG	10
Chinese Offshore Yuan	40,661	U.S. Dollar	6,020	07/15/26	UBS AG	(27)
Chinese Offshore Yuan	46,740	U.S. Dollar	6,910	07/15/26	UBS AG	(20)
Chinese Offshore Yuan	46,993	U.S. Dollar	6,948	07/15/26	UBS AG	(21)
Chinese Offshore Yuan	50,997	U.S. Dollar	7,539	07/15/26	UBS AG	(22)
Chinese Offshore Yuan	242,254	U.S. Dollar	35,868	07/15/26	UBS AG	(159)
Chinese Offshore Yuan	256,158	U.S. Dollar	37,872	07/15/26	UBS AG	(113)
Chinese Offshore Yuan	269,349	U.S. Dollar	39,818	07/15/26	UBS AG	(114)
Chinese Offshore Yuan	277,982	U.S. Dollar	41,094	07/15/26	UBS AG	(118)
Chinese Offshore Yuan	287,303	U.S. Dollar	42,538	07/15/26	UBS AG	(188)
Chinese Offshore Yuan	303,793	U.S. Dollar	44,914	07/15/26	UBS AG	(134)
Chinese Offshore Yuan	319,437	U.S. Dollar	47,222	07/15/26	UBS AG	(135)
Chinese Offshore Yuan	329,675	U.S. Dollar	48,736	07/15/26	UBS AG	(140)
Chinese Offshore Yuan	832	U.S. Dollar	123	07/15/26	UBS AG	(1)
Chinese Offshore Yuan	23,426	U.S. Dollar	3,448	07/15/26	UBS AG	5
Chinese Offshore Yuan	663,568	U.S. Dollar	97,641	07/15/26	UBS AG	172
Chinese Offshore Yuan	35,600	U.S. Dollar	5,267	07/15/26	UBS AG	(19)
Chinese Offshore Yuan	43,712	U.S. Dollar	6,465	07/15/26	UBS AG	(22)
Chinese Offshore Yuan	208,826	U.S. Dollar	30,896	07/15/26	UBS AG	(114)
Chinese Offshore Yuan	238,271	U.S. Dollar	35,242	07/15/26	UBS AG	(120)
Chinese Offshore Yuan	247,659	U.S. Dollar	36,641	07/15/26	UBS AG	(135)
Chinese Offshore Yuan	282,579	U.S. Dollar	41,796	07/15/26	UBS AG	(142)
Chinese Offshore Yuan	41,534	U.S. Dollar	6,135	07/15/26	UBS AG	(13)
Chinese Offshore Yuan	50,997	U.S. Dollar	7,544	07/15/26	UBS AG	(27)
Chinese Offshore Yuan	243,630	U.S. Dollar	35,989	07/15/26	UBS AG	(76)
Chinese Offshore Yuan	277,982	U.S. Dollar	41,124	07/15/26	UBS AG	(147)
Chinese Offshore Yuan	288,935	U.S. Dollar	42,681	07/15/26	UBS AG	(90)
Chinese Offshore Yuan	329,675	U.S. Dollar	48,771	07/15/26	UBS AG	(175)

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
Chinese Offshore Yuan	4,803	U.S. Dollar	710	07/15/26	UBS AG	$(2)
Chinese Offshore Yuan	41,384	U.S. Dollar	6,123	07/15/26	UBS AG	(23)
Chinese Offshore Yuan	41,534	U.S. Dollar	6,145	07/15/26	UBS AG	(23)
Chinese Offshore Yuan	49,044	U.S. Dollar	7,251	07/15/26	UBS AG	(21)
Chinese Offshore Yuan	242,753	U.S. Dollar	35,917	07/15/26	UBS AG	(134)
Chinese Offshore Yuan	243,630	U.S. Dollar	36,046	07/15/26	UBS AG	(134)
Chinese Offshore Yuan	282,630	U.S. Dollar	41,784	07/15/26	UBS AG	(123)
Chinese Offshore Yuan	287,895	U.S. Dollar	42,596	07/15/26	UBS AG	(159)
Chinese Offshore Yuan	288,935	U.S. Dollar	42,749	07/15/26	UBS AG	(159)
Chinese Offshore Yuan	335,188	U.S. Dollar	49,554	07/15/26	UBS AG	(145)
Chinese Offshore Yuan	667,067	U.S. Dollar	98,890	07/15/26	UBS AG	(561)
Chinese Offshore Yuan	78,690	U.S. Dollar	11,599	07/15/26	UBS AG	0¹
Chinese Offshore Yuan	1,341	U.S. Dollar	198	08/19/26	UBS AG	0¹
Chinese Offshore Yuan	691,604	U.S. Dollar	102,377	08/19/26	UBS AG	(191)
Euro	200,000	U.S. Dollar	227,957	07/01/26	UBS AG	573
Euro	100,000	U.S. Dollar	113,944	07/02/26	UBS AG	326
Euro	100,000	U.S. Dollar	113,933	07/15/26	UBS AG	399
Euro	100,000	U.S. Dollar	116,396	07/15/26	UBS AG	(2,064)
Euro	200,000	U.S. Dollar	229,106	07/15/26	UBS AG	(442)
Euro	100,000	U.S. Dollar	116,244	07/15/26	UBS AG	(1,912)
Hungarian Forint	265,302	U.S. Dollar	853	07/01/26	UBS AG	(1)
Hungarian Forint	5,464	U.S. Dollar	18	07/15/26	UBS AG	(0)¹
Hungarian Forint	54,690	U.S. Dollar	181	07/15/26	UBS AG	(5)
Hungarian Forint	699,446	U.S. Dollar	2,294	07/15/26	UBS AG	(49)
Hungarian Forint	2,270,724	U.S. Dollar	7,397	07/15/26	UBS AG	(110)
Hungarian Forint	618,345	U.S. Dollar	1,971	07/15/26	UBS AG	13
Hungarian Forint	6,545,801	U.S. Dollar	21,103	07/15/26	UBS AG	(94)
Hungarian Forint	12,839,776	U.S. Dollar	41,394	07/15/26	UBS AG	(185)
Hungarian Forint	17,626,443	U.S. Dollar	57,696	07/15/26	UBS AG	(1,124)
Hungarian Forint	34,574,774	U.S. Dollar	113,172	07/15/26	UBS AG	(2,205)
Hungarian Forint	235,471	U.S. Dollar	761	07/15/26	UBS AG	(5)
Hungarian Forint	473,324	U.S. Dollar	1,521	07/15/26	UBS AG	(1)
Hungarian Forint	31,405,515	U.S. Dollar	102,348	07/15/26	UBS AG	(1,553)
Hungarian Forint	1,512,843	U.S. Dollar	4,912	07/15/26	UBS AG	(56)
Hungarian Forint	6,545,800	U.S. Dollar	21,252	07/15/26	UBS AG	(243)
Hungarian Forint	12,839,776	U.S. Dollar	41,686	07/15/26	UBS AG	(477)
Indian Rupee	24,496	U.S. Dollar	258	09/16/26	UBS AG	(1)
Indian Rupee	194,996	U.S. Dollar	2,054	09/16/26	UBS AG	(7)
Indian Rupee	226,441	U.S. Dollar	2,350	09/16/26	UBS AG	27

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
Indian Rupee	255,723	U.S. Dollar	2,656	09/16/26	UBS AG	$28
Indian Rupee	3,608	U.S. Dollar	38	09/16/26	UBS AG	(0)¹
Indian Rupee	7,977	U.S. Dollar	84	09/16/26	UBS AG	(0)¹
Indian Rupee	1,589,032	U.S. Dollar	16,667	09/16/26	UBS AG	13
Indian Rupee	7,946,385	U.S. Dollar	83,333	09/16/26	UBS AG	78
Indian Rupee	4,094	U.S. Dollar	43	09/16/26	UBS AG	(0)¹
Indian Rupee	24,234	U.S. Dollar	255	09/16/26	UBS AG	(1)
Indian Rupee	186,246	U.S. Dollar	1,955	09/16/26	UBS AG	(0)¹
Indian Rupee	202,243	U.S. Dollar	2,121	09/16/26	UBS AG	2
Indian Rupee	224,559	U.S. Dollar	2,332	09/16/26	UBS AG	25
Indian Rupee	31,073	U.S. Dollar	327	09/16/26	UBS AG	(1)
Indian Rupee	9,670,511	U.S. Dollar	99,722	09/16/26	UBS AG	1,786
Indian Rupee	164,674	U.S. Dollar	1,712	09/16/26	UBS AG	17
Indian Rupee	17,318	U.S. Dollar	180	09/16/26	UBS AG	2
Indian Rupee	28,318	U.S. Dollar	294	09/16/26	UBS AG	3
Indian Rupee	4,646,119	U.S. Dollar	48,718	09/16/26	UBS AG	51
Indian Rupee	4,888,723	U.S. Dollar	51,282	09/16/26	UBS AG	33
Indian Rupee	9,710	U.S. Dollar	102	09/16/26	UBS AG	(0)¹
Indian Rupee	407,449	U.S. Dollar	4,280	09/16/26	UBS AG	(3)
Japanese Yen	44,316	U.S. Dollar	273	07/01/26	UBS AG	(0)¹
Japanese Yen	1,023	U.S. Dollar	6	07/15/26	UBS AG	(0)¹
Japanese Yen	415,568	U.S. Dollar	2,597	07/15/26	UBS AG	(38)
Japanese Yen	1,023	U.S. Dollar	6	07/15/26	UBS AG	(0)¹
Japanese Yen	4,014	U.S. Dollar	25	07/15/26	UBS AG	(0)¹
Japanese Yen	276,615	U.S. Dollar	1,730	07/15/26	UBS AG	(26)
Japanese Yen	1,730	U.S. Dollar	11	07/15/26	UBS AG	(0)¹
Japanese Yen	106,097	U.S. Dollar	658	07/15/26	UBS AG	(5)
Japanese Yen	897	U.S. Dollar	6	07/15/26	UBS AG	(0)¹
Japanese Yen	19,765	U.S. Dollar	124	07/15/26	UBS AG	(2)
Korean Won	855,249	U.S. Dollar	565	09/16/26	UBS AG	(12)
Korean Won	1,151,014	U.S. Dollar	762	09/16/26	UBS AG	(18)
Korean Won	1,339,797	U.S. Dollar	887	09/16/26	UBS AG	(21)
Korean Won	3,204,677	U.S. Dollar	2,123	09/16/26	UBS AG	(51)
Korean Won	3,428,056	U.S. Dollar	2,265	09/16/26	UBS AG	(49)
Korean Won	928,571	U.S. Dollar	614	09/16/26	UBS AG	(14)
Korean Won	5,792,381	U.S. Dollar	3,810	09/16/26	UBS AG	(65)
Korean Won	715,561	U.S. Dollar	476	09/16/26	UBS AG	(13)
Korean Won	1,517,454	U.S. Dollar	1,010	09/16/26	UBS AG	(29)
Korean Won	1,857,783	U.S. Dollar	1,206	09/16/26	UBS AG	(5)

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
Korean Won	3,655,134	U.S. Dollar	2,437	09/16/26	UBS AG	$(74)
Korean Won	634,999	U.S. Dollar	414	09/16/26	UBS AG	(3)
Korean Won	2,688,097	U.S. Dollar	1,738	09/16/26	UBS AG	(0)¹
Korean Won	19,728,262	U.S. Dollar	13,072	09/16/26	UBS AG	(317)
Korean Won	47,510,412	U.S. Dollar	31,474	09/16/26	UBS AG	(757)
Korean Won	575,141	U.S. Dollar	375	09/16/26	UBS AG	(3)
Korean Won	2,004,297	U.S. Dollar	1,328	09/16/26	UBS AG	(32)
Korean Won	3,888,508	U.S. Dollar	2,575	09/16/26	UBS AG	(61)
Korean Won	3,035,929	U.S. Dollar	2,011	09/16/26	UBS AG	(48)
Korean Won	5,378,851	U.S. Dollar	3,538	09/16/26	UBS AG	(60)
Korean Won	12,034,532	U.S. Dollar	7,984	09/16/26	UBS AG	(203)
Korean Won	71,551,004	U.S. Dollar	47,470	09/16/26	UBS AG	(1,211)
Mexico Peso	29,804	U.S. Dollar	1,701	07/01/26	UBS AG	3
Mexico Peso	986,565	U.S. Dollar	56,521	07/02/26	UBS AG	(115)
Mexico Peso	22,104	U.S. Dollar	1,265	07/02/26	UBS AG	(1)
Mexico Peso	758,865	U.S. Dollar	43,479	07/02/26	UBS AG	(92)
Mexico Peso	144,032	U.S. Dollar	8,170	07/15/26	UBS AG	56
Mexico Peso	1,705,032	U.S. Dollar	97,538	07/15/26	UBS AG	(162)
Mexico Peso	1,670	U.S. Dollar	96	07/15/26	UBS AG	(0)¹
Mexico Peso	8,658	U.S. Dollar	499	07/15/26	UBS AG	(5)
Mexico Peso	26,013	U.S. Dollar	1,491	07/15/26	UBS AG	(5)
Mexico Peso	26,013	U.S. Dollar	1,491	07/15/26	UBS AG	(5)
Mexico Peso	26,013	U.S. Dollar	1,492	07/15/26	UBS AG	(6)
Mexico Peso	336,877	U.S. Dollar	19,263	07/15/26	UBS AG	(24)
Mexico Peso	353,417	U.S. Dollar	20,252	07/15/26	UBS AG	(68)
Mexico Peso	353,417	U.S. Dollar	20,256	07/15/26	UBS AG	(72)
Mexico Peso	353,417	U.S. Dollar	20,265	07/15/26	UBS AG	(81)
Mexico Peso	394,249	U.S. Dollar	22,544	07/15/26	UBS AG	(28)
Mexico Peso	413,371	U.S. Dollar	23,687	07/15/26	UBS AG	(79)
Mexico Peso	413,371	U.S. Dollar	23,693	07/15/26	UBS AG	(85)
Mexico Peso	413,371	U.S. Dollar	23,703	07/15/26	UBS AG	(95)
Mexico Peso	525,664	U.S. Dollar	30,058	07/15/26	UBS AG	(37)
Mexico Peso	551,161	U.S. Dollar	31,583	07/15/26	UBS AG	(106)
Mexico Peso	551,161	U.S. Dollar	31,590	07/15/26	UBS AG	(113)
Mexico Peso	551,161	U.S. Dollar	31,603	07/15/26	UBS AG	(126)
Mexico Peso	1,573,497	U.S. Dollar	90,710	07/15/26	UBS AG	(846)
Mexico Peso	1,824,342	U.S. Dollar	105,038	07/15/26	UBS AG	(848)
Mexico Peso	2,097,995	U.S. Dollar	120,947	07/15/26	UBS AG	(1,128)
Mexico Peso	361	U.S. Dollar	21	07/15/26	UBS AG	(0)¹

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
Mexico Peso	22,145	U.S. Dollar	1,276	07/15/26	UBS AG	$(11)
Mexico Peso	8,658	U.S. Dollar	498	07/15/26	UBS AG	(4)
Mexico Peso	21,191	U.S. Dollar	1,207	07/15/26	UBS AG	3
Mexico Peso	1,573,497	U.S. Dollar	90,540	07/15/26	UBS AG	(676)
Mexico Peso	2,097,995	U.S. Dollar	120,721	07/15/26	UBS AG	(902)
Mexico Peso	1,567	U.S. Dollar	90	07/15/26	UBS AG	(0)¹
Mexico Peso	26,160	U.S. Dollar	1,500	07/15/26	UBS AG	(6)
Mexico Peso	30,374	U.S. Dollar	1,752	07/15/26	UBS AG	(18)
Mexico Peso	355,415	U.S. Dollar	20,385	07/15/26	UBS AG	(87)
Mexico Peso	415,707	U.S. Dollar	23,843	07/15/26	UBS AG	(102)
Mexico Peso	554,277	U.S. Dollar	31,791	07/15/26	UBS AG	(136)
Mexico Peso	1,767,534	U.S. Dollar	101,149	07/15/26	UBS AG	(203)
Norwegian Krone	16,915	U.S. Dollar	1,708	07/01/26	UBS AG	1
Norwegian Krone	1,930	U.S. Dollar	196	07/15/26	UBS AG	(2)
Norwegian Krone	13,039	U.S. Dollar	1,374	07/15/26	UBS AG	(57)
Norwegian Krone	27,823	U.S. Dollar	2,994	07/15/26	UBS AG	(184)
Norwegian Krone	29,946	U.S. Dollar	3,033	07/15/26	UBS AG	(8)
Norwegian Krone	48,456	U.S. Dollar	5,084	07/15/26	UBS AG	(189)
Norwegian Krone	1,304	U.S. Dollar	131	07/15/26	UBS AG	0¹
Norwegian Krone	16,915	U.S. Dollar	1,699	07/15/26	UBS AG	10
Norwegian Krone	353,563	U.S. Dollar	37,310	07/15/26	UBS AG	(1,599)
Norwegian Krone	2,303,058	U.S. Dollar	243,356	07/15/26	UBS AG	(10,737)
Norwegian Krone	3,070,746	U.S. Dollar	324,474	07/15/26	UBS AG	(14,316)
New Zealand Dollar	100,000	U.S. Dollar	56,532	07/01/26	UBS AG	265
Poland Zloty	375,189	U.S. Dollar	99,721	07/01/26	UBS AG	15
Poland Zloty	421	U.S. Dollar	112	07/01/26	UBS AG	(0)¹
Poland Zloty	700	U.S. Dollar	186	07/02/26	UBS AG	(0)¹
Poland Zloty	2,764	U.S. Dollar	735	07/02/26	UBS AG	(0)¹
Poland Zloty	4	U.S. Dollar	1	07/15/26	UBS AG	(0)¹
Poland Zloty	409	U.S. Dollar	109	07/15/26	UBS AG	(0)¹
Poland Zloty	3,363	U.S. Dollar	894	07/15/26	UBS AG	0¹
Poland Zloty	3,640	U.S. Dollar	995	07/15/26	UBS AG	(27)
Poland Zloty	4	U.S. Dollar	1	07/15/26	UBS AG	(0)¹
Sweden Krona	806	U.S. Dollar	83	07/01/26	UBS AG	0¹
Sweden Krona	360	U.S. Dollar	37	07/02/26	UBS AG	0¹
Sweden Krona	3,072	U.S. Dollar	316	07/02/26	UBS AG	1
Sweden Krona	5,914	U.S. Dollar	608	07/15/26	UBS AG	2
Sweden Krona	3,200	U.S. Dollar	339	07/15/26	UBS AG	(8)
Sweden Krona	4,036	U.S. Dollar	428	07/15/26	UBS AG	(11)

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
Sweden Krona	1,468	U.S. Dollar	152	07/15/26	UBS AG	$(1)
Sweden Krona	2,395	U.S. Dollar	253	07/15/26	UBS AG	(6)
Sweden Krona	3,311	U.S. Dollar	354	07/15/26	UBS AG	(12)
Sweden Krona	6,621	U.S. Dollar	703	07/15/26	UBS AG	(20)
Sweden Krona	13,333	U.S. Dollar	1,419	07/15/26	UBS AG	(43)
Sweden Krona	3,855	U.S. Dollar	412	07/15/26	UBS AG	(15)
Singapore Dollar	1,272	U.S. Dollar	983	07/01/26	UBS AG	1
Singapore Dollar	41	U.S. Dollar	32	07/02/26	UBS AG	0¹
Singapore Dollar	124	U.S. Dollar	96	07/02/26	UBS AG	(0)¹
Singapore Dollar	124	U.S. Dollar	96	07/02/26	UBS AG	0¹
Singapore Dollar	494	U.S. Dollar	382	07/02/26	UBS AG	0¹
Singapore Dollar	41	U.S. Dollar	32	07/02/26	UBS AG	0¹
Singapore Dollar	124	U.S. Dollar	96	07/02/26	UBS AG	0¹
Singapore Dollar	83	U.S. Dollar	64	07/02/26	UBS AG	0¹
Singapore Dollar	41	U.S. Dollar	32	07/02/26	UBS AG	0¹
Singapore Dollar	66	U.S. Dollar	51	07/02/26	UBS AG	0¹
Singapore Dollar	41	U.S. Dollar	32	07/02/26	UBS AG	0¹
Singapore Dollar	415	U.S. Dollar	324	07/15/26	UBS AG	(3)
Singapore Dollar	70	U.S. Dollar	55	07/15/26	UBS AG	(1)
Singapore Dollar	1,179	U.S. Dollar	912	07/15/26	UBS AG	1
Singapore Dollar	717	U.S. Dollar	560	07/15/26	UBS AG	(5)
Singapore Dollar	1	U.S. Dollar	1	07/15/26	UBS AG	0¹
Singapore Dollar	26,019	U.S. Dollar	20,294	07/15/26	UBS AG	(161)
Singapore Dollar	4,615	U.S. Dollar	3,608	07/15/26	UBS AG	(37)
Singapore Dollar	96	U.S. Dollar	75	07/15/26	UBS AG	(1)
Singapore Dollar	692	U.S. Dollar	543	07/15/26	UBS AG	(8)
Singapore Dollar	1,291	U.S. Dollar	1,006	07/15/26	UBS AG	(7)
Singapore Dollar	129,138	U.S. Dollar	101,352	07/15/26	UBS AG	(1,428)
Singapore Dollar	962	U.S. Dollar	746	08/19/26	UBS AG	0¹
Singapore Dollar	1,272	U.S. Dollar	986	08/19/26	UBS AG	0¹
Taiwan Dollar	46,397	U.S. Dollar	1,465	09/16/26	UBS AG	(2)
Taiwan Dollar	40,219	U.S. Dollar	1,274	09/16/26	UBS AG	(6)
Taiwan Dollar	1,329	U.S. Dollar	42	09/16/26	UBS AG	(0)¹
Taiwan Dollar	2,492	U.S. Dollar	78	09/16/26	UBS AG	1
Taiwan Dollar	5,328	U.S. Dollar	169	09/16/26	UBS AG	(1)
Taiwan Dollar	7,198	U.S. Dollar	227	09/16/26	UBS AG	(0)¹
Taiwan Dollar	21,344	U.S. Dollar	668	09/16/26	UBS AG	5
Taiwan Dollar	22,889	U.S. Dollar	726	09/16/26	UBS AG	(4)
Taiwan Dollar	1,177,424	U.S. Dollar	37,080	09/16/26	UBS AG	48

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
Taiwan Dollar	3,157,880	U.S. Dollar	100,000	09/16/26	UBS AG	$(422)
Taiwan Dollar	3,160,770	U.S. Dollar	100,000	09/16/26	UBS AG	(331)
Taiwan Dollar	31,256	U.S. Dollar	989	09/16/26	UBS AG	(3)
Taiwan Dollar	1,902	U.S. Dollar	60	09/16/26	UBS AG	(0)¹
Taiwan Dollar	16,707	U.S. Dollar	527	09/16/26	UBS AG	(0)¹
Taiwan Dollar	289,964	U.S. Dollar	9,133	09/16/26	UBS AG	10
Taiwan Dollar	642,198	U.S. Dollar	20,270	09/16/26	UBS AG	(19)
Taiwan Dollar	677,482	U.S. Dollar	21,345	09/16/26	UBS AG	18
Taiwan Dollar	1,029,891	U.S. Dollar	32,442	09/16/26	UBS AG	34
Taiwan Dollar	380	U.S. Dollar	12	09/16/26	UBS AG	(0)¹
South Africa Rand	14,044	U.S. Dollar	855	07/01/26	UBS AG	2
South Africa Rand	47,802	U.S. Dollar	2,923	07/15/26	UBS AG	(8)
South Africa Rand	7,425	U.S. Dollar	450	07/15/26	UBS AG	3
South Africa Rand	40,789	U.S. Dollar	2,497	07/15/26	UBS AG	(10)
South Africa Rand	137,818	U.S. Dollar	8,381	07/15/26	UBS AG	22
South Africa Rand	1,008,073	U.S. Dollar	61,572	07/15/26	UBS AG	(107)
South Africa Rand	1,008,074	U.S. Dollar	61,572	07/15/26	UBS AG	(107)
South Africa Rand	1,008,073	U.S. Dollar	61,794	07/15/26	UBS AG	(330)
South Africa Rand	1,008,074	U.S. Dollar	61,794	07/15/26	UBS AG	(330)
South Africa Rand	3,407	U.S. Dollar	208	07/15/26	UBS AG	(1)
South Africa Rand	9,623	U.S. Dollar	580	07/15/26	UBS AG	7
South Africa Rand	1,008,072	U.S. Dollar	60,886	07/15/26	UBS AG	578
South Africa Rand	1,008,074	U.S. Dollar	60,886	07/15/26	UBS AG	578
South Africa Rand	1,609,275	U.S. Dollar	98,457	07/15/26	UBS AG	(336)
South Africa Rand	70,689	U.S. Dollar	4,257	07/15/26	UBS AG	53
South Africa Rand	105,284	U.S. Dollar	6,375	07/15/26	UBS AG	44
South Africa Rand	229,775	U.S. Dollar	13,914	07/15/26	UBS AG	96
South Africa Rand	229,774	U.S. Dollar	13,914	07/15/26	UBS AG	96
South Africa Rand	1,839	U.S. Dollar	111	07/15/26	UBS AG	1
U.S. Dollar	68,929	Australian Dollar	100,000	07/01/26	UBS AG	(305)
U.S. Dollar	70,250	Australian Dollar	100,000	07/15/26	UBS AG	1,035
U.S. Dollar	70,151	Australian Dollar	100,000	07/15/26	UBS AG	935
U.S. Dollar	68,876	Australian Dollar	100,000	07/15/26	UBS AG	(340)
U.S. Dollar	68,748	Australian Dollar	100,000	07/15/26	UBS AG	(467)
U.S. Dollar	70,055	Australian Dollar	100,000	07/15/26	UBS AG	840
U.S. Dollar	69,021	Australian Dollar	100,000	07/15/26	UBS AG	(194)
U.S. Dollar	100,000	Canadian Dollar	142,051	07/02/26	UBS AG	(169)
U.S. Dollar	1,001	Canadian Dollar	1,424	07/02/26	UBS AG	(3)
U.S. Dollar	921	Canadian Dollar	1,287	07/15/26	UBS AG	13

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	7	Canadian Dollar	10	07/15/26	UBS AG	$0¹
U.S. Dollar	53,628	Canadian Dollar	74,639	07/15/26	UBS AG	965
U.S. Dollar	21,452	Canadian Dollar	29,856	07/15/26	UBS AG	386
U.S. Dollar	10,262	Canadian Dollar	14,282	07/15/26	UBS AG	185
U.S. Dollar	100,489	Canadian Dollar	139,778	07/15/26	UBS AG	1,864
U.S. Dollar	53,604	Canadian Dollar	74,639	07/15/26	UBS AG	940
U.S. Dollar	37,464	Canadian Dollar	52,405	07/15/26	UBS AG	488
U.S. Dollar	21,442	Canadian Dollar	29,856	07/15/26	UBS AG	376
U.S. Dollar	14,986	Canadian Dollar	20,962	07/15/26	UBS AG	195
U.S. Dollar	10,257	Canadian Dollar	14,282	07/15/26	UBS AG	180
U.S. Dollar	7,168	Canadian Dollar	10,027	07/15/26	UBS AG	93
U.S. Dollar	969	Canadian Dollar	1,374	07/15/26	UBS AG	(1)
U.S. Dollar	51	Canadian Dollar	71	07/15/26	UBS AG	1
U.S. Dollar	101,024	Canadian Dollar	143,475	07/15/26	UBS AG	(209)
U.S. Dollar	239	Canadian Dollar	339	07/15/26	UBS AG	(0)¹
U.S. Dollar	53,871	Canadian Dollar	74,640	07/15/26	UBS AG	1,206
U.S. Dollar	21,548	Canadian Dollar	29,856	07/15/26	UBS AG	482
U.S. Dollar	10,309	Canadian Dollar	14,283	07/15/26	UBS AG	231
U.S. Dollar	53,643	Canadian Dollar	74,639	07/15/26	UBS AG	979
U.S. Dollar	21,458	Canadian Dollar	29,856	07/15/26	UBS AG	392
U.S. Dollar	10,265	Canadian Dollar	14,282	07/15/26	UBS AG	187
U.S. Dollar	103,025	Canadian Dollar	142,913	07/15/26	UBS AG	2,189
U.S. Dollar	53,582	Canadian Dollar	74,639	07/15/26	UBS AG	918
U.S. Dollar	21,433	Canadian Dollar	29,856	07/15/26	UBS AG	367
U.S. Dollar	10,253	Canadian Dollar	14,283	07/15/26	UBS AG	176
U.S. Dollar	2,275	Canadian Dollar	3,169	07/15/26	UBS AG	39
U.S. Dollar	53,439	Canadian Dollar	74,639	07/15/26	UBS AG	775
U.S. Dollar	21,375	Canadian Dollar	29,855	07/15/26	UBS AG	310
U.S. Dollar	10,225	Canadian Dollar	14,282	07/15/26	UBS AG	148
U.S. Dollar	1,192	Canadian Dollar	1,646	07/15/26	UBS AG	31
U.S. Dollar	400	Canadian Dollar	561	07/15/26	UBS AG	4
U.S. Dollar	101,221	Canadian Dollar	141,103	07/15/26	UBS AG	1,661
U.S. Dollar	97,701	Canadian Dollar	136,646	07/15/26	UBS AG	1,286
U.S. Dollar	3,873	Canadian Dollar	5,505	07/15/26	UBS AG	(11)
U.S. Dollar	139,824	Canadian Dollar	194,062	07/15/26	UBS AG	2,898
U.S. Dollar	55,930	Canadian Dollar	77,625	07/15/26	UBS AG	1,159
U.S. Dollar	26,756	Canadian Dollar	37,135	07/15/26	UBS AG	555
U.S. Dollar	9,024	Canadian Dollar	12,781	07/15/26	UBS AG	6
U.S. Dollar	5,835	Canadian Dollar	8,140	07/15/26	UBS AG	91

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	3,897	Canadian Dollar	5,505	07/15/26	UBS AG	$13
U.S. Dollar	3,447	Canadian Dollar	4,880	07/15/26	UBS AG	4
U.S. Dollar	1	Canadian Dollar	1	07/15/26	UBS AG	0¹
U.S. Dollar	1	Canadian Dollar	1	07/15/26	UBS AG	0¹
U.S. Dollar	411	Swiss Franc	333	07/01/26	UBS AG	(1)
U.S. Dollar	2	Swiss Franc	2	07/01/26	UBS AG	(0)¹
U.S. Dollar	1	Swiss Franc	1	07/01/26	UBS AG	0¹
U.S. Dollar	54,054	Swiss Franc	43,709	07/02/26	UBS AG	(53)
U.S. Dollar	45,946	Swiss Franc	37,144	07/02/26	UBS AG	(34)
U.S. Dollar	105,398	Swiss Franc	83,692	07/15/26	UBS AG	1,644
U.S. Dollar	101,706	Swiss Franc	82,338	07/15/26	UBS AG	(370)
U.S. Dollar	101,063	Swiss Franc	80,245	07/15/26	UBS AG	1,582
U.S. Dollar	90,055	Swiss Franc	71,579	07/15/26	UBS AG	1,317
U.S. Dollar	90,055	Swiss Franc	71,579	07/15/26	UBS AG	1,317
U.S. Dollar	3,167	Swiss Franc	2,487	07/15/26	UBS AG	84
U.S. Dollar	1,536	Swiss Franc	1,221	07/15/26	UBS AG	22
U.S. Dollar	48,503	Swiss Franc	38,211	07/15/26	UBS AG	1,132
U.S. Dollar	48,503	Swiss Franc	38,211	07/15/26	UBS AG	1,132
U.S. Dollar	47,750	Swiss Franc	37,535	07/15/26	UBS AG	1,217
U.S. Dollar	47,750	Swiss Franc	37,535	07/15/26	UBS AG	1,217
U.S. Dollar	47,713	Swiss Franc	37,535	07/15/26	UBS AG	1,180
U.S. Dollar	47,713	Swiss Franc	37,535	07/15/26	UBS AG	1,180
U.S. Dollar	3,888	Swiss Franc	3,056	07/15/26	UBS AG	100
U.S. Dollar	3,462	Swiss Franc	2,792	07/15/26	UBS AG	0¹
U.S. Dollar	2,193	Swiss Franc	1,770	07/15/26	UBS AG	(1)
U.S. Dollar	1,309	Swiss Franc	1,062	07/15/26	UBS AG	(7)
U.S. Dollar	100,412	Swiss Franc	79,084	07/15/26	UBS AG	2,370
U.S. Dollar	12,758	Swiss Franc	10,286	07/15/26	UBS AG	6
U.S. Dollar	967	Swiss Franc	770	07/15/26	UBS AG	12
U.S. Dollar	2,366	Swiss Franc	1,871	07/15/26	UBS AG	46
U.S. Dollar	64,872	Swiss Franc	50,947	07/15/26	UBS AG	1,712
U.S. Dollar	64,872	Swiss Franc	50,947	07/15/26	UBS AG	1,712
U.S. Dollar	197	Chinese Offshore Yuan	1,341	07/02/26	UBS AG	(0)¹
U.S. Dollar	484	Chinese Offshore Yuan	3,290	07/03/26	UBS AG	(1)
U.S. Dollar	79	Chinese Offshore Yuan	537	07/03/26	UBS AG	(0)¹
U.S. Dollar	16	Chinese Offshore Yuan	109	07/03/26	UBS AG	(0)¹
U.S. Dollar	100,000	Chinese Offshore Yuan	678,743	07/03/26	UBS AG	29
U.S. Dollar	11,590	Chinese Offshore Yuan	78,690	07/03/26	UBS AG	(0)¹
U.S. Dollar	1,373	Chinese Offshore Yuan	9,262	07/15/26	UBS AG	7

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	1,548	Chinese Offshore Yuan	10,466	07/15/26	UBS AG	$5
U.S. Dollar	99,303	Chinese Offshore Yuan	670,639	07/15/26	UBS AG	447
U.S. Dollar	11,510	Chinese Offshore Yuan	77,741	07/15/26	UBS AG	51
U.S. Dollar	512	Chinese Offshore Yuan	3,453	07/15/26	UBS AG	3
U.S. Dollar	0¹	Chinese Offshore Yuan	1	07/15/26	UBS AG	0¹
U.S. Dollar	0¹	Chinese Offshore Yuan	1	07/15/26	UBS AG	0¹
U.S. Dollar	0¹	Chinese Offshore Yuan	1	07/15/26	UBS AG	0¹
U.S. Dollar	2,363	Chinese Offshore Yuan	15,965	07/15/26	UBS AG	10
U.S. Dollar	726	Chinese Offshore Yuan	4,902	07/15/26	UBS AG	4
U.S. Dollar	1	Chinese Offshore Yuan	7	07/15/26	UBS AG	0¹
U.S. Dollar	1,789	Chinese Offshore Yuan	12,089	07/15/26	UBS AG	7
U.S. Dollar	1,356	Chinese Offshore Yuan	9,166	07/15/26	UBS AG	5
U.S. Dollar	96,191	Chinese Offshore Yuan	652,742	07/15/26	UBS AG	(27)
U.S. Dollar	12,108	Chinese Offshore Yuan	82,142	07/15/26	UBS AG	(0)¹
U.S. Dollar	3,403	Chinese Offshore Yuan	22,952	07/15/26	UBS AG	20
U.S. Dollar	1,574	Chinese Offshore Yuan	10,641	08/19/26	UBS AG	2
U.S. Dollar	108,633	Euro	95,239	07/01/26	UBS AG	(191)
U.S. Dollar	82,880	Euro	72,602	07/01/26	UBS AG	(78)
U.S. Dollar	5,430	Euro	4,761	07/01/26	UBS AG	(10)
U.S. Dollar	31,279	Euro	27,398	07/01/26	UBS AG	(28)
U.S. Dollar	345,967	Euro	300,000	07/15/26	UBS AG	2,971
U.S. Dollar	230,644	Euro	200,000	07/15/26	UBS AG	1,981
U.S. Dollar	229,357	Euro	200,000	07/15/26	UBS AG	693
U.S. Dollar	115,810	Euro	100,000	07/15/26	UBS AG	1,479
U.S. Dollar	116,362	Euro	100,000	07/15/26	UBS AG	2,030
U.S. Dollar	116,197	Euro	100,000	07/15/26	UBS AG	1,866
U.S. Dollar	228,086	Euro	200,000	07/15/26	UBS AG	(578)
U.S. Dollar	113,544	Euro	100,000	07/15/26	UBS AG	(788)
U.S. Dollar	66,933	British Pound	50,000	07/15/26	UBS AG	612
U.S. Dollar	66,933	British Pound	50,000	07/15/26	UBS AG	612
U.S. Dollar	134,028	British Pound	100,000	07/15/26	UBS AG	1,384
U.S. Dollar	67,184	British Pound	50,000	07/15/26	UBS AG	862
U.S. Dollar	67,184	British Pound	50,000	07/15/26	UBS AG	862
U.S. Dollar	131,717	British Pound	100,000	07/15/26	UBS AG	(926)
U.S. Dollar	855	Hungarian Forint	264,991	07/01/26	UBS AG	4
U.S. Dollar	1	Hungarian Forint	311	07/01/26	UBS AG	0¹
U.S. Dollar	116	Hungarian Forint	36,085	07/02/26	UBS AG	0¹
U.S. Dollar	1	Hungarian Forint	311	07/02/26	UBS AG	0¹
U.S. Dollar	434	Hungarian Forint	135,024	07/02/26	UBS AG	0¹

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	2,899	Hungarian Forint	897,525	07/15/26	UBS AG	$19
U.S. Dollar	1,776	Hungarian Forint	552,664	07/15/26	UBS AG	3
U.S. Dollar	852	Hungarian Forint	265,302	07/15/26	UBS AG	1
U.S. Dollar	2,728	Hungarian Forint	820,764	07/15/26	UBS AG	94
U.S. Dollar	95,317	Hungarian Forint	29,874,194	07/15/26	UBS AG	(564)
U.S. Dollar	489	Hungarian Forint	149,725	07/15/26	UBS AG	9
U.S. Dollar	181	Hungarian Forint	55,296	07/15/26	UBS AG	4
U.S. Dollar	66	Hungarian Forint	20,535	07/15/26	UBS AG	0¹
U.S. Dollar	6,193	Hungarian Forint	1,876,283	07/15/26	UBS AG	171
U.S. Dollar	359	Hungarian Forint	110,527	07/15/26	UBS AG	4
U.S. Dollar	1,138	Hungarian Forint	352,527	07/15/26	UBS AG	7
U.S. Dollar	165,458	Indian Rupee	15,935,899	09/16/26	UBS AG	(1,816)
U.S. Dollar	85,809	Indian Rupee	8,330,224	09/16/26	UBS AG	(1,631)
U.S. Dollar	82,730	Indian Rupee	7,968,042	09/16/26	UBS AG	(908)
U.S. Dollar	71,658	Indian Rupee	6,953,926	09/16/26	UBS AG	(1,335)
U.S. Dollar	42,904	Indian Rupee	4,165,114	09/16/26	UBS AG	(816)
U.S. Dollar	35,829	Indian Rupee	3,476,965	09/16/26	UBS AG	(668)
U.S. Dollar	2,667	Indian Rupee	258,758	09/16/26	UBS AG	(49)
U.S. Dollar	2,427	Indian Rupee	233,004	09/16/26	UBS AG	(19)
U.S. Dollar	433	Indian Rupee	41,945	09/16/26	UBS AG	(7)
U.S. Dollar	100,000	Indian Rupee	9,502,470	09/16/26	UBS AG	255
U.S. Dollar	72,405	Indian Rupee	7,000,015	09/16/26	UBS AG	(1,072)
U.S. Dollar	47,368	Indian Rupee	4,520,243	09/16/26	UBS AG	(80)
U.S. Dollar	36,203	Indian Rupee	3,500,009	09/16/26	UBS AG	(536)
U.S. Dollar	2,747	Indian Rupee	266,104	09/16/26	UBS AG	(46)
U.S. Dollar	1,704	Indian Rupee	162,904	09/16/26	UBS AG	(6)
U.S. Dollar	1,233	Indian Rupee	119,289	09/16/26	UBS AG	(19)
U.S. Dollar	629	Indian Rupee	60,750	09/16/26	UBS AG	(9)
U.S. Dollar	492	Indian Rupee	47,531	09/16/26	UBS AG	(7)
U.S. Dollar	100,000	Indian Rupee	9,619,070	09/16/26	UBS AG	(968)
U.S. Dollar	1,634	Indian Rupee	157,399	09/16/26	UBS AG	(18)
U.S. Dollar	1,207	Indian Rupee	116,261	09/16/26	UBS AG	(13)
U.S. Dollar	178	Indian Rupee	17,147	09/16/26	UBS AG	(2)
U.S. Dollar	1,328	Indian Rupee	128,714	09/16/26	UBS AG	(23)
U.S. Dollar	629	Indian Rupee	60,961	09/16/26	UBS AG	(11)
U.S. Dollar	139	Indian Rupee	13,459	09/16/26	UBS AG	(2)
U.S. Dollar	38	Indian Rupee	3,680	09/16/26	UBS AG	(1)
U.S. Dollar	52,632	Indian Rupee	5,022,530	09/16/26	UBS AG	(88)
U.S. Dollar	818	Indian Rupee	78,063	09/16/26	UBS AG	(1)

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	713	Indian Rupee	67,794	09/16/26	UBS AG	$1
U.S. Dollar	274	Japanese Yen	44,316	07/01/26	UBS AG	1
U.S. Dollar	1,848	Japanese Yen	299,603	07/02/26	UBS AG	5
U.S. Dollar	147,377	Japanese Yen	23,490,983	07/15/26	UBS AG	2,726
U.S. Dollar	89,039	Japanese Yen	14,192,314	07/15/26	UBS AG	1,647
U.S. Dollar	273	Japanese Yen	44,316	07/15/26	UBS AG	0¹
U.S. Dollar	3,717	Japanese Yen	591,541	07/15/26	UBS AG	75
U.S. Dollar	839	Japanese Yen	134,198	07/15/26	UBS AG	12
U.S. Dollar	2,186	Japanese Yen	352,886	07/15/26	UBS AG	13
U.S. Dollar	152,488	Japanese Yen	24,360,311	07/15/26	UBS AG	2,484
U.S. Dollar	147,411	Japanese Yen	23,490,983	07/15/26	UBS AG	2,760
U.S. Dollar	92,127	Japanese Yen	14,717,527	07/15/26	UBS AG	1,501
U.S. Dollar	89,060	Japanese Yen	14,192,314	07/15/26	UBS AG	1,668
U.S. Dollar	181,769	Japanese Yen	29,042,553	07/15/26	UBS AG	2,933
U.S. Dollar	181,543	Japanese Yen	29,042,553	07/15/26	UBS AG	2,707
U.S. Dollar	109,818	Japanese Yen	17,546,351	07/15/26	UBS AG	1,772
U.S. Dollar	109,681	Japanese Yen	17,546,351	07/15/26	UBS AG	1,636
U.S. Dollar	53,767	Japanese Yen	8,605,191	07/15/26	UBS AG	779
U.S. Dollar	32,484	Japanese Yen	5,198,912	07/15/26	UBS AG	470
U.S. Dollar	1,262	Japanese Yen	201,618	07/15/26	UBS AG	20
U.S. Dollar	1,260	Japanese Yen	201,618	07/15/26	UBS AG	19
U.S. Dollar	855	Japanese Yen	137,960	07/15/26	UBS AG	5
U.S. Dollar	855	Japanese Yen	137,961	07/15/26	UBS AG	5
U.S. Dollar	639	Japanese Yen	103,268	07/15/26	UBS AG	3
U.S. Dollar	518	Japanese Yen	82,818	07/15/26	UBS AG	8
U.S. Dollar	373	Japanese Yen	59,738	07/15/26	UBS AG	5
U.S. Dollar	200	Japanese Yen	32,366	07/15/26	UBS AG	1
U.S. Dollar	1,878	Japanese Yen	300,849	07/15/26	UBS AG	25
U.S. Dollar	25	Japanese Yen	4,007	07/15/26	UBS AG	0¹
U.S. Dollar	129,305	Japanese Yen	20,593,649	07/15/26	UBS AG	2,495
U.S. Dollar	78,121	Japanese Yen	12,441,860	07/15/26	UBS AG	1,507
U.S. Dollar	2,767	Japanese Yen	440,954	07/15/26	UBS AG	52
U.S. Dollar	12,532	Japanese Yen	2,023,308	07/15/26	UBS AG	73
U.S. Dollar	224	Korean Won	346,129	09/16/26	UBS AG	0¹
U.S. Dollar	50,000	Korean Won	74,748,780	09/16/26	UBS AG	1,673
U.S. Dollar	100,000	Korean Won	152,047,000	09/16/26	UBS AG	1,698
U.S. Dollar	50,000	Korean Won	74,746,000	09/16/26	UBS AG	1,675
U.S. Dollar	8,708	Korean Won	13,303,125	09/16/26	UBS AG	107
U.S. Dollar	6,281	Korean Won	9,646,171	09/16/26	UBS AG	45

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	3,870	Korean Won	5,893,894	09/16/26	UBS AG	$59
U.S. Dollar	2,375	Korean Won	3,605,393	09/16/26	UBS AG	44
U.S. Dollar	2,226	Korean Won	3,440,750	09/16/26	UBS AG	1
U.S. Dollar	1,454	Korean Won	2,211,767	09/16/26	UBS AG	24
U.S. Dollar	1,093	Korean Won	1,691,538	09/16/26	UBS AG	(1)
U.S. Dollar	913	Korean Won	1,412,877	09/16/26	UBS AG	(0)¹
U.S. Dollar	820	Korean Won	1,267,581	09/16/26	UBS AG	0¹
U.S. Dollar	804	Korean Won	1,227,821	09/16/26	UBS AG	10
U.S. Dollar	701	Korean Won	1,074,857	09/16/26	UBS AG	6
U.S. Dollar	373	Korean Won	576,464	09/16/26	UBS AG	0¹
U.S. Dollar	201	Korean Won	300,991	09/16/26	UBS AG	6
U.S. Dollar	201,233	Korean Won	302,336,546	09/16/26	UBS AG	5,765
U.S. Dollar	201,233	Korean Won	302,336,362	09/16/26	UBS AG	5,765
U.S. Dollar	4,832	Korean Won	7,419,439	09/16/26	UBS AG	35
U.S. Dollar	100,000	Korean Won	150,852,000	09/16/26	UBS AG	2,471
U.S. Dollar	657	Korean Won	993,942	09/16/26	UBS AG	14
U.S. Dollar	125	Korean Won	189,034	09/16/26	UBS AG	3
U.S. Dollar	826	Korean Won	1,236,413	09/16/26	UBS AG	27
U.S. Dollar	3,466	Korean Won	5,359,199	09/16/26	UBS AG	1
U.S. Dollar	1,704	Mexico Peso	29,804	07/01/26	UBS AG	(0)¹
U.S. Dollar	101,257	Mexico Peso	1,767,534	07/02/26	UBS AG	200
U.S. Dollar	6,833	Mexico Peso	117,803	07/15/26	UBS AG	105
U.S. Dollar	1,699	Mexico Peso	29,804	07/15/26	UBS AG	(3)
U.S. Dollar	100,298	Mexico Peso	1,745,975	07/15/26	UBS AG	584
U.S. Dollar	100,577	Mexico Peso	1,754,273	07/15/26	UBS AG	389
U.S. Dollar	2,421	Mexico Peso	42,092	07/15/26	UBS AG	17
U.S. Dollar	854	Mexico Peso	14,727	07/15/26	UBS AG	13
U.S. Dollar	455	Mexico Peso	7,845	07/15/26	UBS AG	7
U.S. Dollar	98,596	Mexico Peso	1,732,659	07/15/26	UBS AG	(358)
U.S. Dollar	379	Mexico Peso	6,640	07/15/26	UBS AG	0¹
U.S. Dollar	2,502	Mexico Peso	43,599	07/15/26	UBS AG	12
U.S. Dollar	1	Mexico Peso	17	07/15/26	UBS AG	0¹
U.S. Dollar	1,699	Norwegian Krone	16,915	07/01/26	UBS AG	(10)
U.S. Dollar	319	Norwegian Krone	3,175	07/02/26	UBS AG	(2)
U.S. Dollar	99,653	Norwegian Krone	968,473	07/15/26	UBS AG	1,833
U.S. Dollar	99,417	Norwegian Krone	968,474	07/15/26	UBS AG	1,597
U.S. Dollar	98,034	Norwegian Krone	970,063	07/15/26	UBS AG	53
U.S. Dollar	5,229	Norwegian Krone	49,801	07/15/26	UBS AG	199
U.S. Dollar	88,660	Norwegian Krone	859,110	07/15/26	UBS AG	1,886

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	1,783	Norwegian Krone	17,382	07/15/26	UBS AG	$27
U.S. Dollar	1,216	Norwegian Krone	11,631	07/15/26	UBS AG	41
U.S. Dollar	626	Norwegian Krone	5,929	07/15/26	UBS AG	27
U.S. Dollar	3,020	Norwegian Krone	28,579	07/15/26	UBS AG	133
U.S. Dollar	34,242	New Zealand Dollar	60,606	07/01/26	UBS AG	(180)
U.S. Dollar	22,256	New Zealand Dollar	39,394	07/01/26	UBS AG	(118)
U.S. Dollar	58,116	New Zealand Dollar	100,000	07/15/26	UBS AG	1,291
U.S. Dollar	58,829	New Zealand Dollar	100,000	07/15/26	UBS AG	2,004
U.S. Dollar	57,986	New Zealand Dollar	100,000	07/15/26	UBS AG	1,161
U.S. Dollar	56,384	New Zealand Dollar	100,000	07/15/26	UBS AG	(441)
U.S. Dollar	56,521	New Zealand Dollar	100,000	07/15/26	UBS AG	(304)
U.S. Dollar	57,405	New Zealand Dollar	100,000	07/15/26	UBS AG	580
U.S. Dollar	56,560	New Zealand Dollar	100,000	07/15/26	UBS AG	(265)
U.S. Dollar	58,147	New Zealand Dollar	100,000	07/15/26	UBS AG	1,322
U.S. Dollar	65,518	Poland Zloty	246,086	07/01/26	UBS AG	101
U.S. Dollar	34,482	Poland Zloty	129,524	07/01/26	UBS AG	51
U.S. Dollar	2	Poland Zloty	8	07/02/26	UBS AG	0¹
U.S. Dollar	631	Poland Zloty	2,375	07/15/26	UBS AG	(1)
U.S. Dollar	100,111	Poland Zloty	365,224	07/15/26	UBS AG	3,026
U.S. Dollar	101,257	Poland Zloty	382,768	07/15/26	UBS AG	(491)
U.S. Dollar	18	Poland Zloty	66	07/15/26	UBS AG	0¹
U.S. Dollar	1,388	Poland Zloty	5,234	07/15/26	UBS AG	(4)
U.S. Dollar	673	Poland Zloty	2,459	07/15/26	UBS AG	19
U.S. Dollar	366	Poland Zloty	1,347	07/15/26	UBS AG	8
U.S. Dollar	1	Poland Zloty	4	07/15/26	UBS AG	0¹
U.S. Dollar	99,813	Poland Zloty	366,406	07/15/26	UBS AG	2,414
U.S. Dollar	3,083	Poland Zloty	11,464	07/15/26	UBS AG	36
U.S. Dollar	1	Poland Zloty	4	07/15/26	UBS AG	0¹
U.S. Dollar	1	Poland Zloty	2	07/15/26	UBS AG	0¹
U.S. Dollar	14	Poland Zloty	51	07/15/26	UBS AG	0¹
U.S. Dollar	99,719	Poland Zloty	375,189	07/15/26	UBS AG	(15)
U.S. Dollar	83	Sweden Krona	806	07/01/26	UBS AG	(0)¹
U.S. Dollar	100,000	Sweden Krona	969,969	07/02/26	UBS AG	(46)
U.S. Dollar	385	Sweden Krona	3,734	07/15/26	UBS AG	(1)
U.S. Dollar	932	Sweden Krona	8,710	07/15/26	UBS AG	33
U.S. Dollar	539	Sweden Krona	5,117	07/15/26	UBS AG	11
U.S. Dollar	102,515	Sweden Krona	981,253	07/15/26	UBS AG	1,232
U.S. Dollar	34,193	Sweden Krona	323,224	07/15/26	UBS AG	831
U.S. Dollar	33,482	Sweden Krona	313,299	07/15/26	UBS AG	1,144

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	953	Sweden Krona	8,970	07/15/26	UBS AG	$27
U.S. Dollar	777	Sweden Krona	7,270	07/15/26	UBS AG	27
U.S. Dollar	83	Sweden Krona	806	07/15/26	UBS AG	(0)¹
U.S. Dollar	32,230	Sweden Krona	303,374	07/15/26	UBS AG	916
U.S. Dollar	2,586	Sweden Krona	25,199	07/15/26	UBS AG	(15)
U.S. Dollar	711	Sweden Krona	6,929	07/15/26	UBS AG	(4)
U.S. Dollar	83	Sweden Krona	776	07/15/26	UBS AG	3
U.S. Dollar	25	Sweden Krona	237	07/15/26	UBS AG	1
U.S. Dollar	983	Singapore Dollar	1,272	07/01/26	UBS AG	(0)¹
U.S. Dollar	911	Singapore Dollar	1,179	07/02/26	UBS AG	(1)
U.S. Dollar	9,155	Singapore Dollar	11,740	07/15/26	UBS AG	71
U.S. Dollar	7,517	Singapore Dollar	9,640	07/15/26	UBS AG	58
U.S. Dollar	100,879	Singapore Dollar	128,756	07/15/26	UBS AG	1,251
U.S. Dollar	4,951	Singapore Dollar	6,390	07/15/26	UBS AG	6
U.S. Dollar	1,230	Singapore Dollar	1,576	07/15/26	UBS AG	11
U.S. Dollar	1	Singapore Dollar	1	07/15/26	UBS AG	0¹
U.S. Dollar	1	Singapore Dollar	1	07/15/26	UBS AG	0¹
U.S. Dollar	101,419	Singapore Dollar	129,901	07/15/26	UBS AG	904
U.S. Dollar	99,921	Singapore Dollar	128,351	07/15/26	UBS AG	606
U.S. Dollar	485	Singapore Dollar	619	07/15/26	UBS AG	6
U.S. Dollar	920	Singapore Dollar	1,188	07/15/26	UBS AG	1
U.S. Dollar	872	Singapore Dollar	1,111	07/15/26	UBS AG	12
U.S. Dollar	787	Singapore Dollar	1,012	07/15/26	UBS AG	4
U.S. Dollar	99,750	Singapore Dollar	127,173	07/15/26	UBS AG	1,346
U.S. Dollar	99,429	Singapore Dollar	127,763	07/15/26	UBS AG	569
U.S. Dollar	18,314	Singapore Dollar	23,480	07/15/26	UBS AG	146
U.S. Dollar	15,038	Singapore Dollar	19,280	07/15/26	UBS AG	119
U.S. Dollar	9,158	Singapore Dollar	11,740	07/15/26	UBS AG	73
U.S. Dollar	9,140	Singapore Dollar	11,741	07/15/26	UBS AG	55
U.S. Dollar	9,139	Singapore Dollar	11,740	07/15/26	UBS AG	55
U.S. Dollar	7,520	Singapore Dollar	9,640	07/15/26	UBS AG	60
U.S. Dollar	7,506	Singapore Dollar	9,641	07/15/26	UBS AG	46
U.S. Dollar	7,505	Singapore Dollar	9,641	07/15/26	UBS AG	45
U.S. Dollar	9,142	Singapore Dollar	11,740	07/15/26	UBS AG	58
U.S. Dollar	7,508	Singapore Dollar	9,641	07/15/26	UBS AG	48
U.S. Dollar	9,141	Singapore Dollar	11,740	07/15/26	UBS AG	56
U.S. Dollar	9,138	Singapore Dollar	11,740	07/15/26	UBS AG	54
U.S. Dollar	9,136	Singapore Dollar	11,740	07/15/26	UBS AG	52
U.S. Dollar	7,506	Singapore Dollar	9,640	07/15/26	UBS AG	46

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	7,504	Singapore Dollar	9,641	07/15/26	UBS AG	$44
U.S. Dollar	7,502	Singapore Dollar	9,640	07/15/26	UBS AG	43
U.S. Dollar	100,513	Singapore Dollar	127,979	07/15/26	UBS AG	1,486
U.S. Dollar	12,611	Singapore Dollar	16,192	07/15/26	UBS AG	82
U.S. Dollar	10,355	Singapore Dollar	13,296	07/15/26	UBS AG	67
U.S. Dollar	9,144	Singapore Dollar	11,741	07/15/26	UBS AG	60
U.S. Dollar	8,156	Singapore Dollar	10,455	07/15/26	UBS AG	66
U.S. Dollar	7,509	Singapore Dollar	9,641	07/15/26	UBS AG	49
U.S. Dollar	6,697	Singapore Dollar	8,585	07/15/26	UBS AG	54
U.S. Dollar	737	Singapore Dollar	939	07/15/26	UBS AG	11
U.S. Dollar	100,572	Singapore Dollar	128,545	07/15/26	UBS AG	1,106
U.S. Dollar	61	Singapore Dollar	79	08/19/26	UBS AG	(0)¹
U.S. Dollar	1	Singapore Dollar	1	08/19/26	UBS AG	0¹
U.S. Dollar	807	Singapore Dollar	1,040	08/19/26	UBS AG	(0)¹
U.S. Dollar	2,541	Singapore Dollar	3,283	08/19/26	UBS AG	(6)
U.S. Dollar	187,179	Taiwan Dollar	5,908,603	09/16/26	UBS AG	862
U.S. Dollar	94,788	Taiwan Dollar	2,992,136	09/16/26	UBS AG	436
U.S. Dollar	44,680	Taiwan Dollar	1,429,546	09/16/26	UBS AG	(398)
U.S. Dollar	42,647	Taiwan Dollar	1,347,794	09/16/26	UBS AG	147
U.S. Dollar	40,924	Taiwan Dollar	1,292,666	09/16/26	UBS AG	162
U.S. Dollar	40,894	Taiwan Dollar	1,291,719	09/16/26	UBS AG	162
U.S. Dollar	38,927	Taiwan Dollar	1,245,477	09/16/26	UBS AG	(347)
U.S. Dollar	38,298	Taiwan Dollar	1,210,351	09/16/26	UBS AG	132
U.S. Dollar	20,491	Taiwan Dollar	650,999	09/16/26	UBS AG	(37)
U.S. Dollar	18,249	Taiwan Dollar	576,431	09/16/26	UBS AG	72
U.S. Dollar	16,393	Taiwan Dollar	524,496	09/16/26	UBS AG	(146)
U.S. Dollar	15,038	Taiwan Dollar	479,948	09/16/26	UBS AG	(96)
U.S. Dollar	1,736	Taiwan Dollar	55,458	09/16/26	UBS AG	(13)
U.S. Dollar	1,636	Taiwan Dollar	51,657	09/16/26	UBS AG	7
U.S. Dollar	1,205	Taiwan Dollar	38,053	09/16/26	UBS AG	5
U.S. Dollar	1,157	Taiwan Dollar	36,810	09/16/26	UBS AG	(4)
U.S. Dollar	706	Taiwan Dollar	22,588	09/16/26	UBS AG	(6)
U.S. Dollar	603	Taiwan Dollar	19,179	09/16/26	UBS AG	(2)
U.S. Dollar	447	Taiwan Dollar	14,151	09/16/26	UBS AG	1
U.S. Dollar	391	Taiwan Dollar	12,490	09/16/26	UBS AG	(3)
U.S. Dollar	343	Taiwan Dollar	10,854	09/16/26	UBS AG	1
U.S. Dollar	317	Taiwan Dollar	10,082	09/16/26	UBS AG	(1)
U.S. Dollar	306	Taiwan Dollar	9,778	09/16/26	UBS AG	(2)
U.S. Dollar	159	Taiwan Dollar	5,040	09/16/26	UBS AG	0¹

AMG Systematica Trend-Enhanced Markets Fund

Consolidated Schedule of Portfolio Investments (continued)

Currency Purchased	Amount	Currency Sold	Amount	Expiration	Counterparty	Unrealized Appreciation/ (Depreciation)
U.S. Dollar	70	Taiwan Dollar	2,240	09/16/26	UBS AG	$(1)
U.S. Dollar	14	Taiwan Dollar	443	09/16/26	UBS AG	0¹
U.S. Dollar	46,193	Taiwan Dollar	1,474,351	09/16/26	UBS AG	(298)
U.S. Dollar	19,055	Taiwan Dollar	602,226	09/16/26	UBS AG	65
U.S. Dollar	642	Taiwan Dollar	20,346	09/16/26	UBS AG	0¹
U.S. Dollar	60,785	Taiwan Dollar	1,924,696	09/16/26	UBS AG	93
U.S. Dollar	39,215	Taiwan Dollar	1,241,818	09/16/26	UBS AG	57
U.S. Dollar	38,769	Taiwan Dollar	1,237,254	09/16/26	UBS AG	(246)
U.S. Dollar	11,774	Taiwan Dollar	371,796	09/16/26	UBS AG	50
U.S. Dollar	5,962	Taiwan Dollar	188,279	09/16/26	UBS AG	25
U.S. Dollar	1,082	Taiwan Dollar	34,307	09/16/26	UBS AG	0¹
U.S. Dollar	852	South Africa Rand	13,995	07/01/26	UBS AG	(2)
U.S. Dollar	3	South Africa Rand	49	07/01/26	UBS AG	(0)¹
U.S. Dollar	86	South Africa Rand	1,413	07/02/26	UBS AG	(0)¹
U.S. Dollar	341	South Africa Rand	5,603	07/02/26	UBS AG	(1)
U.S. Dollar	519	South Africa Rand	8,526	07/02/26	UBS AG	(1)
U.S. Dollar	1,074	South Africa Rand	17,876	07/15/26	UBS AG	(15)
U.S. Dollar	854	South Africa Rand	14,044	07/15/26	UBS AG	(2)
U.S. Dollar	10,563	South Africa Rand	171,502	07/15/26	UBS AG	106
U.S. Dollar	604	South Africa Rand	9,991	07/15/26	UBS AG	(6)
U.S. Dollar	661	South Africa Rand	10,703	07/15/26	UBS AG	8
U.S. Dollar	2,006	South Africa Rand	33,026	07/15/26	UBS AG	(8)
U.S. Dollar	829	South Africa Rand	13,705	07/15/26	UBS AG	(7)
U.S. Dollar	1,871	South Africa Rand	31,081	07/15/26	UBS AG	(24)
					Total	$59,545

¹	Dollar figures shown as $0 and ($0) are less than $0.50 and ($0.50), respectively.

Open Forward Commodity Exchange Contracts ¹

Settlement Date	Deliver	In Exchange For	Counterparty		Unrealized Appreciation/ (Depreciation)
07/15/26	LME Copper 50 tonnes Grade A copper	United States Dollar $665,655	J.P. Morgan Securities PLC		$2,639
07/15/26	United States Dollar $668,498	LME Copper 50 tonnes Grade A copper	J.P. Morgan Securities PLC		204
08/18/26	LME Copper 50 tonnes Grade A copper	United States Dollar $681,246	J.P. Morgan Securities PLC		(12,347)
08/18/26	United States Dollar $679,957	LME Copper 50 tonnes Grade A copper	J.P. Morgan Securities PLC		11,058
08/19/26	LME Primary Aluminum 60 tonnes	United States Dollar $271,715	J.P. Morgan Securities PLC		(40,465)
08/19/26	United States Dollar $251,462	LME Primary Aluminum 60 tonnes	J.P. Morgan Securities PLC		20,212
09/15/26	LME Copper 25 tonnes Grade A copper	United States Dollar $328,131	J.P. Morgan Securities PLC		6,380
				Total	$(12,319)

¹ Investments are held by AMG Systematica Subsidiary Fund II and are non-deliverable contracts that are settled with the counterparty in cash.

AMG Systematica Trend-Enhanced Markets Fund

Consolidated 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 June 30, 2026:

	Level 1	Level 2	Level 3	Total
Investments in Securities
Short-Term Investments
Repurchase Agreements	—	$3,690,000	—	$3,690,000
Total Investments in Securities	—	$3,690,000	—	$3,690,000
Financial Derivative Instruments - Assets
Commodity Futures Contracts	$11,278	—	—	$11,278
Equity Futures Contracts	84,601	—	—	84,601
Forward Commodity Exchange Contracts	—	$40,493	—	40,493
Forward Foreign Currency Exchange Contracts	—	147,757	—	147,757
Interest Rate Futures Contracts	8,073	—	—	8,073
Financial Derivative Instruments - Liabilities
Commodity Futures Contracts	(36,555)	—	—	(36,555)
Equity Futures Contracts	(5,916)	—	—	(5,916)
Forward Commodity Exchange Contracts	—	(52,812)	—	(52,812)
Forward Foreign Currency Exchange Contracts	—	(88,212)	—	(88,212)
Interest Rate Futures Contracts	(54,090)	—	—	(54,090)
Total Financial Derivative Instruments	$7,391	$47,226	—	$54,617

For the period ended June 30, 2026, there were no transfers in or out of Level 3.

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