Class
N: MGFIX |
Class
I: MGBIX |
Class
N: MGGBX |
Class
I: GWHIX |
Class
N: MGSEX |
Class
I: MSEIX |
|
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
12/31/23 | |||
AMG
GW&K ESG Bond 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 |
|
|
|
Bloomberg
US Aggregate Bond
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
12/31/23 | ||||
AMG
GW&K High Income
Fund |
1
Year |
5
Years |
10
Years |
Since
Inception1
|
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 |
|
|
|
|
Bloomberg
US High Yield 1-5 Year
Ba 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
12/31/23 | |||
AMG
Veritas Asia Pacific 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
AC Asia Pacific ex Japan 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
mail the application and a
check
payable to AMG Funds to: AMG
Funds
c/o
BNY Mellon Investment Servicing
(US)
Inc.
PO
Box 534426
Pittsburgh,
PA 15253-4426 |
Send
a letter of instruction and a
check
payable to AMG Funds to: AMG
Funds
c/o
BNY Mellon Investment Servicing
(US)
Inc.
PO
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 Mail
your letter to:
AMG
Funds
c/o
BNY Mellon Investment
Servicing
(US) Inc.
PO
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 wealth.amg.com |
Go
to our website at wealth.amg.com.
Internet
redemptions are available only
for
redemptions of less than $100,000
for
Class N and Class I shares |
By
bank wire |
Call
us at 800.548.4539 for
instructions |
Call
us at 800.548.4539 for
instructions |
Available
if bank wire instructions are
on
file for your account |
|
Initial
Investment |
Additional
Investments |
Class
N shares |
|
|
• Regular
Accounts |
$2,000 |
$100 |
• Individual
Retirement Accounts |
$1,000 |
$100 |
Class
I shares |
|
|
• Regular
Accounts |
$100,000 |
$100 |
• Individual
Retirement Accounts |
$25,000 |
$100 |
|
For
the fiscal years ended December 31, | ||||
Class
N |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$21.11 |
$24.88 |
$28.12 |
$27.14 |
$25.49 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.63 |
0.44 |
0.44 |
0.90 |
0.94 |
Net
realized and unrealized gain (loss) on investments |
0.75 |
(3.70
) |
(0.83
) |
1.03 |
1.85 |
Total
income (loss) from investment operations |
1.38 |
(3.26
) |
(0.39
) |
1.93 |
2.79 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.64
) |
(0.47
) |
(0.47
) |
(0.88
) |
(0.98
) |
Net
realized gain on investments |
— |
(0.04
) |
(2.38
) |
(0.07
) |
(0.16
) |
Total
distributions to shareholders |
(0.64
) |
(0.51
) |
(2.85
) |
(0.95
) |
(1.14
) |
Net
Asset Value, End of Year |
$21.85 |
$21.11 |
$24.88 |
$28.12 |
$27.14 |
Total
Return2,3 |
6.69
% |
(13.17
)% |
(1.29
)% |
7.34
% |
11.10
% |
Ratio
of net expenses to average net assets |
0.68
% |
0.68
% |
0.69
%4 |
0.71
% |
0.72
%5 |
Ratio
of gross expenses to average net assets6 |
0.70
% |
0.69
% |
0.69
%4 |
0.72
% |
0.73
%5 |
Ratio
of net investment income to average net assets2 |
2.94
% |
1.98
% |
1.71
% |
3.31
% |
3.53
% |
Portfolio
turnover |
27
% |
23
% |
186
% |
25
% |
20
% |
Net
assets end of Year (000's) omitted |
$269,529 |
$301,028 |
$427,818 |
$555,124 |
$618,381 |
|
For
the fiscal years ended December 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$21.12 |
$24.89 |
$28.13 |
$27.14 |
$25.49 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.67 |
0.49 |
0.50 |
0.95 |
0.99 |
Net
realized and unrealized gain (loss) on investments |
0.75 |
(3.71
) |
(0.83
) |
1.05 |
1.85 |
Total
income (loss) from investment operations |
1.42 |
(3.22
) |
(0.33
) |
2.00 |
2.84 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.69
) |
(0.51
) |
(0.53
) |
(0.94
) |
(1.03
) |
Net
realized gain on investments |
— |
(0.04
) |
(2.38
) |
(0.07
) |
(0.16
) |
Total
distributions to shareholders |
(0.69
) |
(0.55
) |
(2.91
) |
(1.01
) |
(1.19
) |
Net
Asset Value, End of Year |
$21.85 |
$21.12 |
$24.89 |
$28.13 |
$27.14 |
Total
Return2,3 |
6.85
% |
(12.99
)% |
(1.05
)% |
7.57
% |
11.32
% |
Ratio
of net expenses to average net assets |
0.48
% |
0.48
% |
0.49
%4 |
0.50
% |
0.52
%5 |
Ratio
of gross expenses to average net assets6 |
0.50
% |
0.49
% |
0.49
%4 |
0.51
% |
0.53
%5 |
Ratio
of net investment income to average net assets2 |
3.14
% |
2.18
% |
1.91
% |
3.52
% |
3.73
% |
Portfolio
turnover |
27
% |
23
% |
186
% |
25
% |
20
% |
Net
assets end of Year (000's) omitted |
$165,892 |
$191,979 |
$327,121 |
$546,698 |
$605,353 |
1 |
Per
share numbers have been calculated using average
shares. |
2 |
Total
returns and net investment income would have been lower had certain
expenses not been offset. |
3 |
The
total return is calculated using the published Net Asset Value as of
fiscal year end. |
4 |
Ratio
includes recapture of reimbursed fees from prior years amounting to less
than 0.01% for the fiscal year ended December 31,
2021. |
5 |
Includes
0.01% of extraordinary expense related to legal expense in support of an
investment held in the portfolio. |
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. |
|
For
the fiscal years ended December 31, | ||||
Class
N |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$20.11 |
$22.46 |
$22.23 |
$21.52 |
$20.04 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income1,2 |
0.96 |
0.67 |
0.53 |
0.51 |
0.57 |
Net
realized and unrealized gain (loss) on investments |
0.83 |
(2.20
) |
0.28 |
2.09 |
0.98 |
Total
income (loss) from investment operations |
1.79 |
(1.53
) |
0.81 |
2.60 |
1.55 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.99
) |
(0.77
) |
(0.53
) |
(0.48
) |
(0.07
) |
Net
realized gain on investments |
— |
(0.05
) |
(0.05
) |
(1.41
) |
— |
Total
distributions to shareholders |
(0.99
) |
(0.82
) |
(0.58
) |
(1.89
) |
(0.07
) |
Net
Asset Value, End of Year |
$20.91 |
$20.11 |
$22.46 |
$22.23 |
$21.52 |
Total
Return2,3 |
9.13
% |
(6.80
)% |
3.67
% |
12.16
% |
7.67
% |
Ratio
of net expenses to average net assets |
0.84
% |
0.86
%4 |
0.84
% |
0.89
% |
0.89
% |
Ratio
of gross expenses to average net assets5 |
1.48
% |
1.32
% |
1.37
% |
1.70
% |
1.87
% |
Ratio
of net investment income to average net assets2 |
4.72
% |
3.22
% |
2.36
% |
2.28
% |
2.70
% |
Portfolio
turnover |
25
% |
74
% |
97
% |
157
% |
52
% |
Net
assets end of Year (000's) omitted |
$7,061 |
$6,528 |
$8,157 |
$10,302 |
$9,638 |
|
For
the fiscal years ended December 31, |
For
the fiscal
period
ended
December
31, | |
Class
I |
2023 |
2022 |
20216 |
Net
Asset Value, Beginning of Period |
$20.10 |
$22.45 |
$22.27 |
Income
(loss) from Investment Operations: |
|
|
|
Net
investment income1,2 |
1.00 |
0.71 |
0.46 |
Net
realized and unrealized gain (loss) on investments |
0.83 |
(2.20
) |
0.35 |
Total
income (loss) from investment operations |
1.83 |
(1.49
) |
0.81 |
Less
Distributions to Shareholders from: |
|
|
|
Net
investment income |
(1.03
) |
(0.81
) |
(0.58
) |
Net
realized gain on investments |
— |
(0.05
) |
(0.05
) |
Total
distributions to shareholders |
(1.03
) |
(0.86
) |
(0.63
) |
Net
Asset Value, End of Period |
$20.90 |
$20.10 |
$22.45 |
Total
Return2,3 |
9.35
% |
(6.63
)% |
3.68
%7 |
Ratio
of net expenses to average net assets |
0.64
% |
0.66
%4 |
0.64
%8 |
Ratio
of gross expenses to average net assets5 |
1.28
% |
1.12
% |
1.17
%8 |
Ratio
of net investment income to average net assets2 |
4.92
% |
3.42
% |
2.56
%8 |
Portfolio
turnover |
25
% |
74
% |
97
% |
Net
assets end of Period (000's) omitted |
$6,954 |
$10,740 |
$13,166 |
1 |
Per
share numbers have been calculated using average
shares. |
2 |
Total
returns and net investment income would have been lower had certain
expenses not been offset. |
3 |
The
total return is calculated using the published Net Asset Value as of
fiscal year end. |
4 |
Includes
interest expense totaling 0.02% related to participation in the interfund
lending program. |
5 |
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. |
6 |
Commencement
of operations was on March 15, 2021. |
7 |
Not
annualized. |
8 |
Annualized. |
|
For
the fiscal years ended December 31, | ||||
Class
N |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$59.41 |
$82.42 |
$147.58 |
$111.15 |
$114.95 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income (loss)1,2 |
0.07 |
(0.05
) |
(0.67
) |
(1.03
) |
(1.03
) |
Net
realized and unrealized gain (loss) on investments |
(2.93
) |
(22.96
) |
4.55 |
43.88 |
30.19 |
Total
income (loss) from investment operations |
(2.86
) |
(23.01
) |
3.88 |
42.85 |
29.16 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.06
) |
— |
— |
— |
— |
Net
realized gain on investments |
— |
— |
(56.87
) |
(6.42
) |
(32.96
) |
Paid
in capital |
— |
— |
(12.17
) |
— |
— |
Total
distributions to shareholders |
(0.06
) |
— |
(69.04
) |
(6.42
) |
(32.96
) |
Net
Asset Value, End of Year |
$56.49 |
$59.41 |
$82.42 |
$147.58 |
$111.15 |
Total
Return2,3 |
(4.82
)% |
(27.91
)% |
3.16
% |
38.74
% |
25.69
% |
Ratio
of net expenses to average net assets |
1.17
% |
1.18
% |
1.27
%4 |
1.36
%4 |
1.36
%4 |
Ratio
of gross expenses to average net assets5 |
1.29
% |
1.29
% |
1.31
% |
1.42
% |
1.42
% |
Ratio
of net investment income (loss) to average net assets2 |
0.13
% |
(0.07
)% |
(0.69
)% |
(0.89
)% |
(0.76
)% |
Portfolio
turnover |
44
% |
54
% |
222
% |
100
% |
96
% |
Net
assets end of Year (000's) omitted |
$80,640 |
$100,679 |
$166,168 |
$204,794 |
$171,801 |
|
For
the fiscal years ended December 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, Beginning of Year |
$65.15 |
$90.15 |
$154.81 |
$116.08 |
$118.57 |
Income
(loss) from Investment Operations: |
|
|
|
|
|
Net
investment income (loss)1,2 |
0.24 |
0.13 |
(0.48
) |
(0.77
) |
(0.72
) |
Net
realized and unrealized gain (loss) on investments |
(3.23
) |
(25.13
) |
4.86 |
45.92 |
31.19 |
Total
income (loss) from investment operations |
(2.99
) |
(25.00
) |
4.38 |
45.15 |
30.47 |
Less
Distributions to Shareholders from: |
|
|
|
|
|
Net
investment income |
(0.22
) |
— |
— |
— |
— |
Net
realized gain on investments |
— |
— |
(56.87
) |
(6.42
) |
(32.96
) |
Paid
in capital |
— |
— |
(12.17
) |
— |
— |
Total
distributions to shareholders |
(0.22
) |
— |
(69.04
) |
(6.42
) |
(32.96
) |
Net
Asset Value, End of Year |
$61.94 |
$65.15 |
$90.15 |
$154.81 |
$116.08 |
Total
Return2,3 |
(4.58
)% |
(27.73
)% |
3.43
% |
39.08
% |
26.02
% |
Ratio
of net expenses to average net assets |
0.93
% |
0.93
% |
1.02
%4 |
1.11
%4 |
1.11
%4 |
Ratio
of gross expenses to average net assets5 |
1.05
% |
1.04
% |
1.06
% |
1.17
% |
1.17
% |
Ratio
of net investment income (loss) to average net assets2 |
0.37
% |
0.18
% |
(0.44
)% |
(0.64
)% |
(0.51
)% |
Portfolio
turnover |
44
% |
54
% |
222
% |
100
% |
96
% |
Net
assets end of Year (000's) omitted |
$7,188 |
$12,339 |
$22,066 |
$44,593 |
$38,093 |
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 |
The
total return is calculated using the published Net Asset Value as of
fiscal year end. |
4 |
Includes
reduction from broker recapture amounting to less than 0.01% for the
fiscal years ended December 31, 2021, 2020 and 2019,
respectively. |
5 |
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. |