AMG Boston Common Global Impact Fund
Schedule of Portfolio Investments (unaudited)
June 30, 2026
  Shares Value
Common Stocks - 98.9%    
Communication Services - 10.8%    
Alphabet, Inc., Class A (United States) 88,182 $31,513,601
Deutsche Telekom AG (Germany) 271,500 7,402,257
Netflix, Inc. (United States)* 107,262 7,658,507
Singapore Telecommunications, Ltd. (Singapore) 3,129,200 10,683,141
Spotify Technology, S.A. (Luxembourg)* 10,878 4,994,416
Tencent Holdings, Ltd. (China) 84,600 4,668,444
     
Total Communication Services   66,920,366
Consumer Discretionary - 2.1%    
eBay, Inc. (United States) 66,347 7,414,277
Sony Group Corp. (Japan) 296,400 5,964,773
     
Total Consumer Discretionary   13,379,050
Consumer Staples - 2.8%    
Colgate-Palmolive Co. (United States) 71,075 6,516,156
Sprouts Farmers Market, Inc. (United States)* 66,757 5,646,307
Unilever PLC (United Kingdom) 86,844 5,230,644
     
Total Consumer Staples   17,393,107
Financials - 16.3%    
Chubb, Ltd. (Switzerland) 31,520 10,740,125
HA Sustainable Infrastructure Capital, Inc. (United States)1 235,023 9,177,648
Hannover Rueck SE (Germany) 17,916 4,961,587
Intesa Sanpaolo S.p.A. (Italy) 1,335,967 9,182,487
Mitsubishi UFJ Financial Group, Inc. (Japan) 580,800 11,571,240
Morgan Stanley (United States) 52,095 10,889,939
ORIX Corp. (Japan) 273,750 10,427,557
OTP Bank Nyrt (Hungary) 55,366 8,177,892
Ping An Insurance Group Co. of China, Ltd., Class H (China) 1,226,000 8,016,547
Standard Chartered PLC (United Kingdom) 245,280 6,633,003
Visa, Inc., Class A (United States) 33,975 11,656,483
     
Total Financials   101,434,508
Health Care - 10.9%    
AstraZeneca PLC (United Kingdom) 32,650 6,095,896
Danaher Corp. (United States) 31,974 6,090,407
Edwards Lifesciences Corp. (United States)* 69,993 6,331,567
Eli Lilly & Co. (United States) 6,132 7,354,905
Gilead Sciences, Inc. (United States) 55,090 6,960,071
Hoya Corp. (Japan) 37,370 6,027,833
Merck & Co., Inc. (United States) 85,443 10,979,425
Quest Diagnostics, Inc. (United States) 31,719 6,722,842
Roche Holding AG (Switzerland) 27,815 11,434,368
     
Total Health Care   67,997,314
  Shares Value
Industrials - 14.7%    
Contemporary Amperex Technology Co., Ltd., Class H (China)1 107,030 $9,641,175
HD Hyundai Electric Co., Ltd. (South Korea) 13,640 8,749,804
Hubbell, Inc. (United States) 12,690 6,639,408
Mitsubishi Electric Corp. (Japan) 268,500 9,847,106
Prysmian S.p.A. (Italy) 62,800 10,571,953
Schneider Electric SE (France) 33,376 10,921,488
Siemens AG (Germany) 32,090 10,317,169
Vertiv Holdings Co., Class A (United States) 29,035 9,721,499
Westinghouse Air Brake Technologies Corp. (United States) 30,389 8,192,874
Xylem, Inc. (United States) 56,804 6,714,801
     
Total Industrials   91,317,277
Information Technology - 32.8%    
Accton Technology Corp. (Taiwan) 151,210 12,060,837
Apple, Inc. (United States) 65,510 18,955,974
Applied Materials, Inc. (United States) 15,831 11,445,813
ASM International, N.V. (Netherlands) 10,830 12,454,300
Broadcom, Inc. (United States) 36,597 13,824,517
First Solar, Inc. (United States)* 22,740 5,365,731
Microsoft Corp. (United States) 46,960 17,517,019
NVIDIA Corp. (United States) 153,135 30,640,782
Salesforce, Inc. (United States) 25,717 4,028,825
Samsung Electronics Co., Ltd. (South Korea) 142,304 31,576,865
Silergy Corp. (China) 312,000 5,963,628
SK hynix, Inc. (South Korea) 3,515 6,202,508
Taiwan Semiconductor Manufacturing Co., Ltd., Sponsored ADR (Taiwan) 71,288 34,045,010
     
Total Information Technology   204,081,809
Materials - 3.4%    
CRH PLC (Ireland) 71,813 7,683,991
Ecolab, Inc. (United States) 22,860 6,369,024
Steel Dynamics, Inc. (United States) 30,032 6,891,143
     
Total Materials   20,944,158
Real Estate - 0.6%    
CBRE Group, Inc., Class A (United States)* 27,390 3,689,159
Utilities - 4.5%    
American Water Works Co., Inc. (United States) 41,495 5,459,912
Cia de Saneamento Basico do Estado de Sao Paulo SABESP, ADR (Brazil)1 843,955 4,878,060
SSE PLC (United Kingdom) 217,330 7,011,615
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AMG Boston Common Global Impact Fund
Schedule of Portfolio Investments (continued)
  Shares Value
Utilities - 4.5% (continued)    
Veolia Environnement, S.A. (France) 261,085 $10,879,742
     
Total Utilities   28,229,329
     
Total Common Stocks
(Cost $432,210,497) 		  615,386,077
    
  Principal
Amount 		 
Short-Term Investments - 1.8%    
Joint Repurchase Agreements - 0.8%2    
Daiwa Capital Markets America, dated 06/30/26, due 07/01/26, 3.640% total to be received $99,850 (collateralized by various U.S. Treasuries, 2.125% - 4.125%, 06/30/27 - 01/15/35, totaling $101,837) $99,840 99,840
State of Wisconsin Investment Board, dated 06/30/26, due 07/01/26, 3.760% total to be received $4,866,508 (collateralized by various U.S. Treasuries, 0.125% - 3.875%, 01/15/28 - 02/15/56, totaling $4,951,904) 4,866,000 4,866,000
     
Total Joint Repurchase Agreements   4,965,840
    
  Shares Value
Other Investment Companies - 1.0%    
Dreyfus Government Cash Management Fund, Institutional Shares, 3.54%3 2,480,370 $2,480,370
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.60%3 3,720,555 3,720,555
     
Total Other Investment Companies   6,200,925
     
Total Short-Term Investments
(Cost $11,166,765) 		  11,166,765
Total Investments - 100.7%
(Cost $443,377,262) 		   626,552,842
Other Assets, less Liabilities - (0.7)%    (4,343,238)
Net Assets - 100.0%   $622,209,604
* Non-income producing security.
1 Some of these securities, amounting to $15,957,393 or 2.6% of net assets, were out on loan to various borrowers and are collateralized by cash and various U.S. Treasury Obligations. See below for more information.
2 Cash collateral received for securities lending activity was invested in these joint repurchase agreements.
3 Yield shown represents the June 30, 2026, seven day average yield, which refers to the sum of the previous seven days' dividends paid, expressed as an annual percentage.
    
ADR American Depositary Receipt
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AMG Boston Common Global Impact Fund
Schedule of Portfolio Investments (continued)
The following table summarizes the inputs used to value the Fund's investments by the fair value hierarchy levels as of June 30, 2026:
  Level 1   Level 21   Level 3   Total
Investments in Securities
Common Stocks
Information Technology  $135,823,671    $68,258,138    —    $204,081,809
Financials  42,464,195    58,970,313    —    101,434,508
Industrials  31,268,582    60,048,695    —    91,317,277
Health Care  44,439,217    23,558,097    —    67,997,314
Communication Services  44,166,524    22,753,842    —    66,920,366
Utilities  10,337,972    17,891,357    —    28,229,329
Materials  20,944,158    —    —    20,944,158
Consumer Staples  12,162,463    5,230,644    —    17,393,107
Consumer Discretionary  7,414,277    5,964,773    —    13,379,050
Real Estate  3,689,159    —    —    3,689,159
Short-Term Investments
Joint Repurchase Agreements  —    4,965,840    —    4,965,840
Other Investment Companies  6,200,925    —    —    6,200,925
Total Investments in Securities $358,911,143   $267,641,699   —   $626,552,842
    
   
1 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 June 30, 2026, there were no transfers in or out of Level 3.
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AMG Boston Common Global Impact Fund
Schedule of Portfolio Investments (continued)
The country allocation in the Schedule of Portfolio Investments at June 30, 2026, was as follows:
Country % of Long-Term
Investments
Brazil 0.8
China 4.6
France 3.5
Germany 3.7
Hungary 1.3
Ireland 1.3
Italy 3.2
Japan 7.1
Luxembourg 0.8
Netherlands 2.0
Singapore 1.7
South Korea 7.6
Switzerland 3.6
Taiwan 7.5
United Kingdom 4.1
United States 47.2
  100.0
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 June 30, 2026, were as follows:
  Securities
Loaned 		Cash
Collateral
Received 		Securities
Collateral
Received 		Total
Collateral
Received
   $15,957,393  $4,965,840  $11,375,515  $16,341,355
The following table summarizes the securities received as collateral for securities lending at June 30, 2026:
  Collateral
Type 		Coupon
Range 		Maturity
Date Range
  U.S. Treasury Obligations 0.000%-4.875% 07/15/26-05/15/55
For additional information about significant accounting policies, including valuation of investments, refer to the Fund’s most recent semi or annual report.
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