AMG GW&K Mid Cap Fund
Schedule of Portfolio Investments (unaudited)
February 28, 2021
Shares | Value | |
Common Stocks - 98.9% | ||
Consumer Discretionary - 14.3% | ||
Bright Horizons Family Solutions, Inc.* | 5,294 | $845,240 |
Burlington Stores, Inc.* | 3,601 | 932,011 |
Carter's, Inc. | 7,847 | 654,989 |
Cavco Industries, Inc.* | 5,258 | 1,108,965 |
Dorman Products, Inc.* | 11,423 | 1,138,987 |
Five Below, Inc.* | 6,387 | 1,188,749 |
Grand Canyon Education, Inc.* | 6,266 | 655,988 |
Lithia Motors, Inc., Class A | 5,115 | 1,912,754 |
Nordstrom, Inc. | 18,558 | 676,439 |
Polaris, Inc. | 11,884 | 1,399,460 |
Pool Corp. | 2,390 | 800,100 |
Texas Roadhouse, Inc. | 15,255 | 1,386,374 |
Vail Resorts, Inc. | 2,501 | 773,259 |
Total Consumer Discretionary | 13,473,315 | |
Consumer Staples - 3.6% | ||
BJ's Wholesale Club Holdings, Inc.*,1 | 40,105 | 1,611,419 |
Lancaster Colony Corp. | 5,923 | 1,034,570 |
Performance Food Group Co.* | 12,802 | 694,381 |
Total Consumer Staples | 3,340,370 | |
Energy - 2.1% | ||
Diamondback Energy, Inc. | 18,924 | 1,311,055 |
Pioneer Natural Resources Co. | 4,608 | 684,610 |
Total Energy | 1,995,665 | |
Financials - 13.4% | ||
Artisan Partners Asset Management, Inc., Class A | 10,598 | 503,405 |
Atlantic Union Bankshares Corp. | 17,794 | 653,574 |
Glacier Bancorp, Inc. | 15,171 | 822,268 |
Kemper Corp. | 10,989 | 830,988 |
Kinsale Capital Group, Inc. | 4,347 | 765,333 |
Pinnacle Financial Partners, Inc. | 18,892 | 1,533,464 |
Piper Sandler Cos | 8,917 | 948,055 |
Signature Bank | 8,798 | 1,920,955 |
TCF Financial Corp. | 26,976 | 1,209,064 |
Voya Financial, Inc.1 | 20,927 | 1,261,480 |
Western Alliance Bancorp. | 23,829 | 2,180,592 |
Total Financials | 12,629,178 | |
Health Care - 15.8% | ||
Acadia Healthcare Co., Inc.* | 30,322 | 1,674,987 |
Bio-Rad Laboratories, Inc., Class A* | 2,975 | 1,738,887 |
Catalent, Inc.* | 15,871 | 1,804,691 |
Chemed Corp. | 922 | 410,484 |
Shares | Value | |
Globus Medical, Inc., Class A* | 14,086 | $880,375 |
Horizon Therapeutics PLC* | 18,881 | 1,716,472 |
Integer Holdings Corp.* | 8,967 | 790,800 |
Jazz Pharmaceuticals PLC (Ireland)* | 6,369 | 1,070,247 |
Molina Healthcare, Inc.* | 4,699 | 1,018,555 |
Neurocrine Biosciences, Inc.* | 10,634 | 1,164,529 |
STERIS PLC | 6,171 | 1,078,691 |
Syneos Health, Inc.* | 20,082 | 1,553,343 |
Total Health Care | 14,902,061 | |
Industrials - 15.8% | ||
Exponent, Inc. | 12,781 | 1,232,983 |
Federal Signal Corp. | 27,870 | 1,014,747 |
Gates Industrial Corp PLC* | 77,051 | 1,155,765 |
Gibraltar Industries, Inc.* | 19,847 | 1,733,635 |
Graco, Inc. | 14,925 | 1,035,049 |
Hexcel Corp. | 17,247 | 927,199 |
Ingersoll Rand, Inc.* | 34,118 | 1,581,028 |
Nordson Corp. | 6,870 | 1,321,857 |
RBC Bearings, Inc.* | 7,808 | 1,554,260 |
Ritchie Bros. Auctioneers, Inc. (Canada) | 21,583 | 1,172,389 |
Schneider National, Inc., Class B | 25,292 | 585,004 |
The Toro Co. | 15,065 | 1,518,100 |
Total Industrials | 14,832,016 | |
Information Technology - 18.8% | ||
Booz Allen Hamilton Holding Corp. | 10,987 | 847,537 |
Cerence, Inc.*,1 | 14,847 | 1,651,283 |
Cognex Corp. | 14,415 | 1,190,535 |
Entegris, Inc. | 15,261 | 1,605,610 |
Envestnet, Inc.* | 8,552 | 547,499 |
EPAM Systems, Inc.* | 3,736 | 1,395,807 |
Gartner, Inc.* | 8,789 | 1,573,582 |
HubSpot, Inc.* | 4,010 | 2,065,150 |
Paylocity Holding Corp.* | 5,361 | 1,024,970 |
Power Integrations, Inc. | 4,754 | 420,111 |
Rapid7, Inc.*,1 | 16,801 | 1,280,908 |
Silicon Laboratories, Inc.* | 9,436 | 1,469,563 |
Zebra Technologies Corp., Class A* | 5,275 | 2,634,493 |
Total Information Technology | 17,707,048 | |
Materials - 6.5% | ||
AptarGroup, Inc. | 8,449 | 1,098,961 |
Eagle Materials, Inc. | 9,862 | 1,236,498 |
Element Solutions, Inc. | 66,857 | 1,206,769 |
Quaker Chemical Corp. | 5,396 | 1,523,722 |
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AMG GW&K Mid Cap Fund
Schedule of Portfolio Investments (continued)
Shares | Value | |
Materials - 6.5% (continued) | ||
RPM International, Inc. | 12,843 | $1,022,817 |
Total Materials | 6,088,767 | |
Real Estate - 6.8% | ||
American Campus Communities, Inc., REIT | 18,308 | 749,896 |
CoreSite Realty Corp., REIT | 6,281 | 764,461 |
Easterly Government Properties, Inc., REIT | 48,849 | 1,073,701 |
Hudson Pacific Properties, Inc., REIT | 31,550 | 807,364 |
Physicians Realty Trust, REIT | 51,583 | 876,911 |
Summit Hotel Properties, Inc., REIT | 72,609 | 751,503 |
Sun Communities, Inc., REIT | 9,316 | 1,415,566 |
Total Real Estate | 6,439,402 | |
Utilities - 1.8% | ||
IDACORP, Inc. | 11,013 | 949,761 |
Portland General Electric Co. | 18,349 | 773,594 |
Total Utilities | 1,723,355 | |
Total Common Stocks (Cost $76,220,735) | 93,131,177 |
Principal Amount | Value | |
Short-Term Investments - 1.1% | ||
Joint Repurchase Agreements - 1.1%2 | ||
Citigroup Global Markets, Inc., dated 02/26/21, due 03/01/21, 0.010% total to be received $48,806 (collateralized by various U.S. Treasuries, 0.000% - 0.125%, 06/15/21 - 02/15/51, totaling $49,782) | $48,806 | $48,806 |
RBC Dominion Securities, Inc., dated 02/26/21, due 03/01/21, 0.030% total to be received $1,000,003 (collateralized by various U.S. Government Agency Obligations and U.S. Treasuries, 0.000% - 7.000%, 03/16/21 - 04/01/53, totaling $1,020,000) | 1,000,000 | 1,000,000 |
Total Joint Repurchase Agreements | 1,048,806 | |
Total Short-Term Investments (Cost $1,048,806) | 1,048,806 | |
Total Investments - 100.0% (Cost $77,269,541) | 94,179,983 | |
Other Assets, less Liabilities - (0.0)%# | (4,351) | |
Net Assets - 100.0% | $94,175,632 |
* | Non-income producing security. |
# | Less than 0.05%. |
1 | Some of these securities, amounting to $5,763,394 or 6.1% 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. |
REIT | Real Estate Investment Trust |
The following table summarizes the inputs used to value the Fund's investments by the fair value hierarchy levels as of February 28, 2021:
Level 1 | Level 2 | Level 3 | Total | ||||
Investments in Securities | |||||||
Common Stocks† | $93,131,177 | — | — | $93,131,177 | |||
Short-Term Investments | |||||||
Joint Repurchase Agreements | — | $1,048,806 | — | 1,048,806 | |||
Total Investments in Securities | $93,131,177 | $1,048,806 | — | $94,179,983 |
† | All common stocks held in the Fund are Level 1 securities. For a detailed breakout of common stocks by major industry classification, please refer to the Fund's Schedule of Portfolio Investments. |
For the period ended February 28, 2021, there were no transfers in or out of Level 3.
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AMG GW&K Mid Cap Fund
Schedule of Portfolio Investments (continued)
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 February 28, 2021, were as follows:
Securities Loaned | Cash Collateral Received | Securities Collateral Received | Total Collateral Received | |
$5,763,394 | $1,048,806 | $4,820,536 | $5,869,342 |
The following table summarizes the securities received as collateral for securities lending at February 28, 2021:
Collateral Type | Coupon Range | Maturity Date Range | |
U.S. Treasury Obligations | 0.000%-8.125% | 03/15/21-08/15/50 |
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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