Class N:
FQUAX |
Class I:
MEQFX |
Class N:
MMCFX |
Class I:
MIMFX |
Class N:
MFQAX |
Class I:
MFQTX |
|
Class
N |
Class
I |
Management
Fee |
|
|
Distribution
and Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses1 |
|
|
Fee
Waiver and Expense Reimbursements2 |
( |
( |
Total
Annual Fund Operating Expenses After Fee
Waiver and Expense Reimbursements1,2 |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N |
$ |
$ |
$ |
$ |
Class
I |
$ |
$ |
$ |
$ |
Average
Annual Total Returns as of 12/31/22 | |||
AMG
River Road Large Cap Value Select
Fund |
1
Year |
5
Years |
10
Years |
Class
N
Return
Before Taxes |
- |
|
|
Class
N
Return
After Taxes on Distributions |
- |
|
|
Class
N
Return
After Taxes on Distributions and
Sale
of Fund Shares |
- |
|
|
Class
I
Return
Before Taxes |
- |
|
|
Russell
1000® Value Index
(reflects
no deduction for fees, expenses,
or
taxes) |
- |
|
|
|
Class
N |
Class
I |
Management
Fee |
|
|
Distribution
and Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Acquired
Fund Fees and Expenses |
|
|
Total
Annual Fund Operating Expenses1 |
|
|
Fee
Waiver and Expense Reimbursements2 |
( |
( |
Total
Annual Fund Operating
Expenses
After Fee Waiver and Expense
Reimbursements1,2 |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N |
$ |
$ |
$ |
$ |
Class
I |
$ |
$ |
$ |
$ |
Average
Annual Total Returns as of 12/31/22 | |||
AMG
Veritas China Fund |
1
Year |
5
Years |
10
Years |
Class
N
Return
Before Taxes |
- |
|
|
Class
N
Return
After Taxes on Distributions |
- |
- |
|
Class
N
Return
After Taxes on Distributions and
Sale
of Fund Shares |
- |
|
|
Class
I
Return
Before Taxes |
- |
|
|
MSCI
China Index
(reflects
no deduction for fees, expenses,
or
taxes) |
- |
- |
|
|
Class
N |
Class
I |
Management
Fee |
|
|
Distribution
and Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waiver and Expense Reimbursements1 |
( |
( |
Total
Annual Fund Operating Expenses After Fee
Waiver and Expense Reimbursements1 |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N |
$ |
$ |
$ |
$ |
Class
I |
$ |
$ |
$ |
$ |
Average
Annual Total Returns as of 12/31/22 | |||
AMG
Veritas Global Focus Fund |
1
Year |
5
Years |
10
Years |
Class
N
Return
Before Taxes |
- |
|
|
Class
N
Return
After Taxes on Distributions |
- |
|
|
Class
N
Return
After Taxes on Distributions and
Sale
of Fund Shares |
- |
|
|
Class
I
Return
Before Taxes |
- |
|
|
MSCI
World Index
(reflects
no deduction for fees, expenses,
or
taxes) |
- |
|
|
|
If
you wish to open an account
and
buy shares*... |
If
you wish to add shares to your
account*... |
If
you wish to sell shares* †... |
Through
your registered
investment
professional: |
Contact
your investment advisor or
other
investment professional |
Send
any additional monies to your
investment
professional to the
address
on your account statement |
Contact
your investment advisor or
other
investment professional |
On
your own:
By
mail |
Complete
the account application,
then,
through March 8, 2023, mail
the
application and a check payable
to
AMG Funds to: AMG
Funds
c/o
BNY Mellon Investment Servicing
(US)
Inc.
P.O.
Box 9769
Providence,
RI 02940-9769 Beginning
March 9, 2023,
completed
applications and checks
should
be mailed to: AMG
Funds
c/o
BNY Mellon Investment Servicing
(US)
Inc.
P.O.
Box 534426
Pittsburgh,
PA 15253-4426 |
Through
March 8, 2023, send a
letter
of instruction and a check
payable
to AMG Funds to: AMG
Funds
c/o
BNY Mellon Investment Servicing
(US)
Inc.
P.O.
Box 9769
Providence,
RI 02940-9769 Beginning
March 9, 2023, letters of
instruction
and checks should be
mailed
to: AMG
Funds
c/o
BNY Mellon Investment Servicing
(US)
Inc.
P.O.
Box 534426
Pittsburgh,
PA 15253-4426 (Include
your account number and
Fund
name on your check) |
Write
a letter of instruction containing: • Name
of the Fund • Dollar
amount or number of
shares
you wish to sell • Your
name • Your
account number • Signatures
of all account owners Through
March 8, 2023, mail your
letter
to: AMG
Funds
c/o
BNY Mellon Investment
Servicing
(US) Inc.
P.O.
Box 9769
Providence,
RI 02940-9769 Beginning
March 9, 2023, letters
should
be mailed to: AMG
Funds
c/o
BNY Mellon Investment Servicing
(US)
Inc.
P.O.
Box 534426
Pittsburgh,
PA 15253-4426 |
By
telephone |
Not
available |
If
your account has already been
established,
call the transfer agent at
800.548.4539 |
If
you elected telephone redemption
privileges
on your account application,
call
us at 800.548.4539. Telephone
redemptions
are available only for
redemptions
of less than $100,000 for
Class
N and Class I shares. |
Over
the Internet |
Not
available |
If
your account has already been
established
and ACH banking
instructions
are on file, go to our
website
at
www.amgfunds.com |
Go
to our website at
www.amgfunds.com.
Internet
redemptions
are available only for
redemptions
of less than $100,000 for
Class
N and Class I shares. |
By
bank wire |
Not
available |
Call
us at 800.548.4539 for
instructions |
Available
if bank wire instructions are
on
file for your account |
Share
Class |
Initial
Investment |
Additional
Investments |
Class
N: |
|
|
• Regular
Accounts |
$2,000 |
$100 |
• Individual
Retirement Accounts |
$1,000 |
$100 |
Class
I: |
|
|
• Regular
Accounts |
$100,000 |
$100 |
• Individual
Retirement Accounts |
$25,000 |
$100 |
|
For
the fiscal years ended October 31, | ||||
Class
N |
2022 |
2021 |
2020 |
2019 |
2018 |
Net
Asset Value, Beginning of Year |
$15.45 |
$13.73 |
$16.22 |
$15.68 |
$17.97 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income (loss)1,2 |
0.223 |
0.01 |
0.044 |
0.125 |
(0.07) |
Net
realized and unrealized gain (loss) on investments |
(1.59) |
4.27 |
(1.84) |
0.95 |
1.94 |
Total
income (loss) from investment operations |
(1.37) |
4.28 |
(1.80) |
1.07 |
1.87 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
— |
(2.56) |
— |
(0.02) |
— |
Net
realized gain on investments |
— |
— |
(0.69) |
(0.51) |
(4.16) |
Total
distributions to shareholders |
— |
(2.56) |
(0.69) |
(0.53) |
(4.16) |
Net
Asset Value, End of Year |
$14.08 |
$15.45 |
$13.73 |
$16.22 |
$15.68 |
Total
Return2,6 |
(8.87)% |
33.53% |
(11.66)% |
7.15% |
12.54% |
Ratio
of net expenses to average net assets |
0.95%7 |
1.00%7 |
1.04% |
1.28%7,8 |
2.24%7,8 |
Ratio
of gross expenses to average net assets9 |
1.07% |
1.14% |
1.08% |
1.30% |
2.36% |
Ratio
of net investment income (loss) to average net assets2 |
1.51% |
0.08% |
0.25% |
0.74% |
(0.43)% |
Portfolio
turnover |
91% |
256% |
750% |
330% |
240% |
Net
assets end of Year (000's) omitted |
$3,683 |
$4,623 |
$4,716 |
$14,301 |
$24,536 |
|
For
the fiscal years ended October 31, | ||||
Class
I |
2022 |
2021 |
2020 |
2019 |
2018 |
Net
Asset Value, Beginning of Year |
$15.58 |
$13.80 |
$16.25 |
$15.71 |
$17.97 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income (loss)1,2 |
0.273 |
0.06 |
0.084 |
0.165 |
(0.02) |
Net
realized and unrealized gain (loss) on investments |
(1.60) |
4.29 |
(1.84) |
0.95 |
1.92 |
Total
income (loss) from investment operations |
(1.33) |
4.35 |
(1.76) |
1.11 |
1.90 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.06) |
(2.57) |
— |
(0.06) |
— |
Net
realized gain on investments |
— |
— |
(0.69) |
(0.51) |
(4.16) |
Total
distributions to shareholders |
(0.06) |
(2.57) |
(0.69) |
(0.57) |
(4.16) |
Net
Asset Value, End of Year |
$14.19 |
$15.58 |
$13.80 |
$16.25 |
$15.71 |
Total
Return2,6 |
(8.55)% |
33.93% |
(11.38)% |
7.43% |
12.82% |
Ratio
of net expenses to average net assets |
0.63%7 |
0.69%7 |
0.76% |
0.99%7,8 |
1.92%7,8 |
Ratio
of gross expenses to average net assets9 |
0.75% |
0.83% |
0.80% |
1.01% |
2.04% |
Ratio
of net investment income (loss) to average net assets2 |
1.83% |
0.39% |
0.53% |
1.03% |
(0.11)% |
Portfolio
turnover |
91% |
256% |
750% |
330% |
240% |
Net
assets end of Year (000's) omitted |
$30,519 |
$36,900 |
$38,990 |
$83,323 |
$55,590 |
1 |
Per
share numbers have been calculated using average
shares. |
2 |
Total
returns and net investment income (loss) would have been lower had certain
expenses not been offset. |
3 |
Includes
non-recurring dividends. Without these dividends, net investment income
per share would have been $0.08 and $0.13 for Class N and Class
I,
respectively. |
4 |
Includes
non-recurring dividends. Without these dividends, net investment income
(loss) per share would have been $(0.01) and $0.03 for Class N
and
Class I, respectively. |
5 |
Includes
non-recurring dividends. Without these dividends, net investment income
per share would have been $0.07 and $0.12 for Class N and Class
I,
respectively. |
6 |
The
total return is calculated using the published Net Asset Value as of
fiscal year end. |
7 |
Includes
reduction from broker recapture amounting to less than 0.01%, less than
0.01%, less than 0.01% and 0.01% for the fiscal years ended
October
31, 2022, 2021, 2019, and 2018, respectively. |
8 |
Expense
ratio includes dividend and interest expense related to securities sold
short. Excluding such dividend and interest expense, the ratio of net
expenses
to average net assets would be 1.04% and 0.75%, 1.04% and 0.72% for Class
N and Class I, respectively, for the fiscal years ended
October
31, 2019, and 2018, respectively. |
9 |
Excludes
the impact of expense reimbursement or fee waivers and expense
reductions such as brokerage credits, but includes expense repayments
and
non-reimbursable expenses, if any, such as interest, taxes, and
extraordinary expenses. |
|
For
the fiscal years ended October 31, | ||||
Class
N |
2022 |
2021 |
2020 |
2019 |
2018 |
Net
Asset Value, Beginning of Year |
$24.13 |
$37.61 |
$41.44 |
$48.48 |
$50.06 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income (loss)1,2 |
(0.05)3 |
(0.02) |
0.09 |
(0.09) |
(0.32) |
Net
realized and unrealized gain (loss) on investments |
(9.79) |
15.11 |
(0.23) |
1.70 |
4.45 |
Total
income (loss) from investment operations |
(9.84) |
15.09 |
(0.14) |
1.61 |
4.13 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
— |
(0.01) |
— |
— |
— |
Net
realized gain on investments |
— |
(24.49) |
(3.69) |
(8.65) |
(5.71) |
Paid
in capital |
— |
(4.07) |
— |
— |
— |
Total
distributions to shareholders |
— |
(28.57) |
(3.69) |
(8.65) |
(5.71) |
Net
Asset Value, End of Year |
$14.29 |
$24.13 |
$37.61 |
$41.44 |
$48.48 |
Total
Return2,4 |
(40.78)% |
30.40% |
(0.86)% |
7.46% |
8.82% |
Ratio
of net expenses to average net assets |
1.14% |
1.16%5 |
1.18%5 |
1.24%5 |
1.41%5 |
Ratio
of gross expenses to average net assets6 |
1.32% |
1.24% |
1.26% |
1.34% |
1.50% |
Ratio
of net investment income (loss) to average net assets2 |
(0.23)% |
(0.05)% |
0.24% |
(0.23)% |
(0.63)% |
Portfolio
turnover |
82% |
184% |
75% |
79% |
55% |
Net
assets end of Year (000's) omitted |
$54,250 |
$111,537 |
$114,122 |
$138,695 |
$148,419 |
|
For
the fiscal years ended October 31, | ||||
Class
I |
2022 |
2021 |
2020 |
2019 |
2018 |
Net
Asset Value, Beginning of Year |
$25.38 |
$38.58 |
$42.31 |
$49.19 |
$50.60 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income (loss)1,2 |
(0.00)3,7 |
0.07 |
0.18 |
0.01 |
(0.20) |
Net
realized and unrealized gain (loss) on investments |
(10.32) |
15.40 |
(0.22) |
1.76 |
4.50 |
Total
income (loss) from investment operations |
(10.32) |
15.47 |
(0.04) |
1.77 |
4.30 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
— |
(0.11) |
— |
— |
— |
Net
realized gain on investments |
— |
(24.47) |
(3.69) |
(8.65) |
(5.71) |
Paid
in capital |
— |
(4.09) |
— |
— |
— |
Total
distributions to shareholders |
— |
(28.67) |
(3.69) |
(8.65) |
(5.71) |
Net
Asset Value, End of Year |
$15.06 |
$25.38 |
$38.58 |
$42.31 |
$49.19 |
Total
Return2,4 |
(40.66)% |
30.75% |
(0.62)% |
7.72% |
9.09% |
Ratio
of net expenses to average net assets |
0.93% |
0.93%5 |
0.93%5 |
0.99%5 |
1.16%5 |
Ratio
of gross expenses to average net assets6 |
1.11% |
1.00% |
1.01% |
1.09% |
1.25% |
Ratio
of net investment income (loss) to average net assets2 |
(0.02)% |
0.19% |
0.49% |
0.02% |
(0.38)% |
Portfolio
turnover |
82% |
184% |
75% |
79% |
55% |
Net
assets end of Year (000's) omitted |
$7,263 |
$19,354 |
$26,957 |
$30,248 |
$28,485 |
1 |
Per
share numbers have been calculated using average
shares. |
2 |
Total
returns and net investment income (loss) would have been lower had certain
expenses not been offset. |
3 |
Includes
non-recurring dividends. Without these dividends, net investment loss per
share would have been $(0.08) and $(0.04) for Class N and Class I
shares,
respectively. |
4 |
The
total return is calculated using the published Net Asset Value as of
fiscal year end. |
5 |
Includes
reduction from broker recapture amounting to 0.01%, 0.01%, 0.02% and 0.02%
for the fiscal years ended 2021, 2020, 2019 and 2018,
respectively. |
6 |
Excludes
the impact of expense reimbursement or fee waivers and expense
reductions such as brokerage credits, but includes expense repayments
and
non-reimbursable expenses, if any, such as interest, taxes, and
extraordinary expenses. |
7 |
Less
than $(0.005) per
share. |
|
For
the fiscal years ended October 31, | ||||
Class
N |
2022 |
2021 |
2020 |
2019 |
2018 |
Net
Asset Value, Beginning of Year |
$19.85 |
$34.02 |
$34.33 |
$31.68 |
$29.69 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income (loss)1,2 |
(0.03) |
(0.05) |
0.07 |
0.093 |
0.03 |
Net
realized and unrealized gain (loss) on investments |
(4.16) |
10.91 |
(0.25) |
3.02 |
2.00 |
Total
income (loss) from investment operations |
(4.19) |
10.86 |
(0.18) |
3.11 |
2.03 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
— |
(0.05) |
(0.08) |
(0.05) |
— |
Net
realized gain on investments |
(1.33) |
(24.98) |
(0.05) |
(0.41) |
(0.04) |
Total
distributions to shareholders |
(1.33) |
(25.03) |
(0.13) |
(0.46) |
(0.04) |
Net
Asset Value, End of Year |
$14.33 |
$19.85 |
$34.02 |
$34.33 |
$31.68 |
Total
Return2,4 |
(22.51)% |
35.54% |
(0.54)% |
10.15% |
6.84% |
Ratio
of net expenses to average net assets |
1.13% |
1.13%5 |
1.13%5 |
1.13%5 |
1.14%5 |
Ratio
of gross expenses to average net assets6 |
1.35% |
1.29% |
1.29% |
1.28% |
1.26% |
Ratio
of net investment income (loss) to average net assets2 |
(0.16)% |
(0.17)% |
0.22% |
0.28% |
0.09% |
Portfolio
turnover |
21% |
109% |
45% |
34% |
31% |
Net
assets end of Year (000's) omitted |
$2,164 |
$4,230 |
$6,922 |
$8,188 |
$9,622 |
|
For
the fiscal years ended October 31, | ||||
Class
I |
2022 |
2021 |
2020 |
2019 |
2018 |
Net
Asset Value, Beginning of Year |
$19.80 |
$34.00 |
$34.31 |
$31.69 |
$29.72 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.02 |
0.02 |
0.16 |
0.173 |
0.11 |
Net
realized and unrealized gain (loss) on investments |
(4.17) |
10.91 |
(0.25) |
3.00 |
2.00 |
Total
income (loss) from investment operations |
(4.15) |
10.93 |
(0.09) |
3.17 |
2.11 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
— |
(0.15) |
(0.17) |
(0.14) |
(0.10) |
Net
realized gain on investments |
(1.33) |
(24.98) |
(0.05) |
(0.41) |
(0.04) |
Total
distributions to shareholders |
(1.33) |
(25.13) |
(0.22) |
(0.55) |
(0.14) |
Net
Asset Value, End of Year |
$14.32 |
$19.80 |
$34.00 |
$34.31 |
$31.69 |
Total
Return2,4 |
(22.35)% |
35.85% |
(0.27)% |
10.40% |
7.13% |
Ratio
of net expenses to average net assets |
0.88% |
0.88%5 |
0.88%5 |
0.88%5 |
0.89%5 |
Ratio
of gross expenses to average net assets6 |
1.10% |
1.04% |
1.04% |
1.03% |
1.01% |
Ratio
of net investment income to average net assets2 |
0.09% |
0.08% |
0.47% |
0.53% |
0.34% |
Portfolio
turnover |
21% |
109% |
45% |
34% |
31% |
Net
assets end of Year (000's) omitted |
$27,613 |
$44,598 |
$55,746 |
$61,767 |
$63,440 |
1 |
Per
share numbers have been calculated using average
shares. |
2 |
Total
returns and net investment income (loss) would have been lower had certain
expenses not been offset. |
3 |
Includes
non-recurring dividends. Without these dividends, net investment income
per share would have been $0.06 and $0.14 for Class N and Class
I,
respectively. |
4 |
The
total return is calculated using the published Net Asset Value as of
fiscal year end. |
5 |
Includes
reduction from broker recapture amounting to less than 0.01%, 0.01%, 0.01%
and less than 0.01% for the fiscal years ended 2021, 2020,
2019
and 2018, respectively. |
6 |
Excludes
the impact of expense reimbursement or fee waivers and expense
reductions such as brokerage credits, but includes expense repayments
and
non-reimbursable expenses, if any, such as interest, taxes, and
extraordinary expenses. |