AMG River Road Large Cap Value Select Fund
Schedule of Portfolio Investments (unaudited)
January 31, 2022
Shares | Value | |
Common Stocks - 96.5% | ||
Communication Services - 25.6% | ||
Alphabet, Inc., Class C* | 422 | $1,145,295 |
Liberty Broadband Corp., Class C* | 11,190 | 1,660,708 |
Liberty Media Corp.-Liberty SiriusXM, Class C* | 47,216 | 2,196,961 |
Meta Platforms, Inc., Class A* | 6,423 | 2,012,069 |
News Corp., Class A | 65,226 | 1,450,626 |
T-Mobile US, Inc.* | 18,235 | 1,972,480 |
Total Communication Services | 10,438,139 | |
Consumer Discretionary - 5.9% | ||
Bath & Body Works, Inc. | 23,177 | 1,299,534 |
LKQ Corp. | 19,774 | 1,085,395 |
Total Consumer Discretionary | 2,384,929 | |
Consumer Staples - 11.1% | ||
Keurig Dr Pepper, Inc. | 90,579 | 3,437,473 |
Nestle SA, Sponsored ADR (Switzerland) | 8,356 | 1,079,094 |
Total Consumer Staples | 4,516,567 | |
Energy - 4.1% | ||
Pioneer Natural Resources Co. | 7,594 | 1,662,251 |
Financials - 19.6% | ||
Ares Management Corp., Class A | 4,091 | 326,135 |
Berkshire Hathaway, Inc., Class B* | 7,536 | 2,358,919 |
KKR & Co., Inc. | 26,846 | 1,910,361 |
The Progressive Corp. | 14,911 | 1,620,229 |
Willis Towers Watson PLC (United Kingdom) | 7,625 | 1,783,945 |
Total Financials | 7,999,589 |
Shares | Value | |
Health Care - 10.4% | ||
CVS Health Corp. | 9,024 | $961,146 |
McKesson Corp. | 7,497 | 1,924,630 |
UnitedHealth Group, Inc. | 2,882 | 1,361,947 |
Total Health Care | 4,247,723 | |
Information Technology - 15.4% | ||
Fiserv, Inc.* | 27,022 | 2,856,225 |
Visa, Inc., Class A1 | 15,060 | 3,406,120 |
Total Information Technology | 6,262,345 | |
Utilities - 4.4% | ||
American Electric Power Co., Inc. | 19,775 | 1,787,660 |
Total Common Stocks (Cost $36,355,724) | 39,299,203 | |
Short-Term Investments - 2.8% | ||
Other Investment Companies - 2.8% | ||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.03%2 | 751,941 | 751,941 |
JPMorgan U.S. Government Money Market Fund, IM Shares, 0.03%2 | 387,364 | 387,364 |
Total Short-Term Investments (Cost $1,139,305) | 1,139,305 | |
Total Investments - 99.3% (Cost $37,495,029) | 40,438,508 | |
Other Assets, less Liabilities - 0.7% | 282,284 | |
Net Assets - 100.0% | $40,720,792 |
* | Non-income producing security. |
1 | Some of these securities, amounting to $2,366,417 or 5.8% of net assets, were out on loan to various borrowers and are collateralized by various U.S. Treasury Obligations. See below for more information. |
2 | Yield shown represents the January 31, 2022, 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 River Road Large Cap Value Select 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 January 31, 2022:
Level 1 | Level 2 | Level 3 | Total | ||||
Investments in Securities | |||||||
Common Stocks† | $39,299,203 | — | — | $39,299,203 | |||
Short-Term Investments | |||||||
Other Investment Companies | 1,139,305 | — | — | 1,139,305 | |||
Total Investments in Securities | $40,438,508 | — | — | $40,438,508 |
† | 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 January 31, 2022, there were no transfers in or out of Level 3.
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 January 31, 2022, were as follows:
Securities Loaned | Cash Collateral Received | Securities Collateral Received | Total Collateral Received | |
$2,366,417 | — | $2,433,834 | $2,433,834 |
The following table summarizes the securities received as collateral for securities lending at January 31, 2022:
Collateral Type | Coupon Range | Maturity Date Range | |
U.S. Treasury Obligations | 0.000%-7.500% | 02/15/22-11/15/51 |
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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