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      <invstOrSec>
        <name>LEGACY HOUSING CORP</name>
        <lei>V6WE5M18QYITU8L1QF76</lei>
        <title>Legacy Housing Corp. COM</title>
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          <isin value="US52472M1018"/>
          <ticker value="LEGH"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Associated British Foods PLC</name>
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        <title>Associated British Foods PLC ORD 5 15/22P</title>
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          <isin value="GB0006731235"/>
          <ticker value="ABF"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KISCO HOLDINGS COMPANY LTD</name>
        <lei>N/A</lei>
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          <isin value="KR7001940006"/>
          <ticker value="001940"/>
          <other otherDesc="SEDOL" value="B00YY32"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kenvue Inc.</name>
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          <isin value="US49177J1025"/>
          <ticker value="KVUE"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SAMYUNG TRADING COMPANY LTD</name>
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          <isin value="KR7002810000"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Mobis Co Ltd.</name>
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          <isin value="KR7012330007"/>
          <ticker value="012330"/>
          <other otherDesc="SEDOL" value="6449544"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAC Holdings Corporation</name>
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          <isin value="JP3346300001"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Motor Co.</name>
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        <title>Hyundai Motor Co. PFD N/VTG KRW5000</title>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bollore SE</name>
        <lei>969500LEKCHH6VV86P94</lei>
        <title>Bollore SE EUR0.16</title>
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          <isin value="FR0000039299"/>
          <ticker value="BOL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sebang Co Ltd</name>
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        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Geumhwa Psc</name>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nihon Parkerizing Co Ltd</name>
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        <title>Nihon Parkerizing Co Ltd NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
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        <title>Microsoft Corp. COM</title>
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        <name>Compagnie De l'odet SE</name>
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        <title>Compagnie De l'odet SE EUR16</title>
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      <invstOrSec>
        <name>LG H&amp;H CO LTD</name>
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        <name>TACHIBANA ELETECH COMPANY LTD</name>
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        <name>DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS</name>
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        <name>DAIWA CAPITAL MARKETS AMERICA INC.</name>
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        <name>Rinnai Corp</name>
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        <name>CITADEL SECURITIES LLC</name>
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        <name>HI-LEX CORP</name>
        <lei>N/A</lei>
        <title>Hi-Lex Corporation NPV</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Total Energy Services Inc.</name>
        <lei>549300R3W0R3EV800D58</lei>
        <title>Total Energy Services Inc. COM NPV</title>
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          <isin value="CA89154B1022"/>
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      <invstOrSec>
        <name>Walt Disney Company</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>Walt Disney Company COM</title>
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          <ticker value="DIS"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICA'S CAR-MART INC</name>
        <lei>N/A</lei>
        <title>America's Car-Mart Inc. COM</title>
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          <isin value="US03062T1051"/>
          <ticker value="CRMT"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amplify Energy Corp</name>
        <lei>J0TW5YQRAZXYN7VEU787</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>The Charles Schwab Corporation</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>The Charles Schwab Corporation COM</title>
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          <isin value="US8085131055"/>
          <ticker value="SCHW"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CB INDUSTRIAL PRODUCT HOLDING BHD</name>
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          <isin value="MYL7076OO002"/>
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        <invCountry>MY</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unit Corporation</name>
        <lei>549300XGK22FZCTN8B67</lei>
        <title>Unit Corporation COM NEW</title>
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          <isin value="US9092184061"/>
          <ticker value="UNTC"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KOMELON CORP</name>
        <lei>N/A</lei>
        <title>Komelon Corporation KRW500</title>
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          <isin value="KR7049430002"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMOREPACIFIC HOLDINGS CORP</name>
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          <isin value="KR7002791002"/>
          <ticker value="002795"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KFC LTD</name>
        <lei>N/A</lei>
        <title>KFC Ltd (Japan) NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3277100008"/>
          <ticker value="3420"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>The Procter &amp; Gamble Co.</name>
        <lei>2572IBTT8CCZW6AU4141</lei>
        <title>The Procter &amp; Gamble Co. COM</title>
        <cusip>742718109</cusip>
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          <isin value="US7427181091"/>
          <ticker value="PG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHINWA COMPANY LTD (NAGOYA)</name>
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        <title>Shinwa Co Ltd. NPV</title>
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          <isin value="JP3384710004"/>
          <ticker value="7607"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pack Corp (The)</name>
        <lei>N/A</lei>
        <title>Pack Corp (The) NPV</title>
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          <isin value="JP3345900009"/>
          <ticker value="3950"/>
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      <invstOrSec>
        <name>Paypal Holdings Inc.</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>Paypal Holdings Inc. COM</title>
        <cusip>70450Y103</cusip>
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          <isin value="US70450Y1038"/>
          <ticker value="PYPL"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fox Corporation</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corporation CL B COM</title>
        <cusip>35137L204</cusip>
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          <isin value="US35137L2043"/>
          <ticker value="FOX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MI CHANG OIL INDUSTRIES CO LTD</name>
        <lei>N/A</lei>
        <title>MI Chang Oil Inds KSWN5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7003650009"/>
          <ticker value="003650"/>
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      <invstOrSec>
        <name>YUASA CO LTD</name>
        <lei>N/A</lei>
        <title>Yuasa Co. Ltd. NPV</title>
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          <isin value="JP3945200008"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Parker Corp</name>
        <lei>N/A</lei>
        <title>Parker Corp NPV</title>
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          <isin value="JP3780000000"/>
          <ticker value="9845"/>
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      <invstOrSec>
        <name>Naked Wines Public Limited Company</name>
        <lei>213800IYPFIRRQQE9R62</lei>
        <title>Naked Wines Public Limited Company ORD GBP0.075</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Samsung Electronics Co Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd. N/VTG PFD KRW100</title>
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          <isin value="KR7005931001"/>
          <ticker value="005935"/>
          <other otherDesc="SEDOL" value="6773812"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI HOME SHOPPING NETWORK CORP</name>
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        <title>Hyundai Home Shopping Network Corp. KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7057050007"/>
          <ticker value="057050"/>
          <other otherDesc="SEDOL" value="B691DP1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kukbo Design</name>
        <lei>N/A</lei>
        <title>Kukbo Design KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7066620006"/>
          <ticker value="066620"/>
          <other otherDesc="SEDOL" value="6545497"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>U-Haul Holding Co.</name>
        <lei>5493003WIDMLDHYC6Y24</lei>
        <title>U-Haul Holding Co. COM</title>
        <cusip>023586100</cusip>
        <identifiers>
          <isin value="US0235861004"/>
          <ticker value="UHAL"/>
        </identifiers>
        <balance>4000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191120.00000000</valUSD>
        <pctVal>0.094704315686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="189208.80000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAR MATE MANUFACTURING COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Car Mate Mfg. Co.,Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3205300001"/>
          <ticker value="7297"/>
          <other otherDesc="SEDOL" value="6161149"/>
        </identifiers>
        <balance>51900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>296164.03000000</valUSD>
        <pctVal>0.146756026538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reading Intl Inc</name>
        <lei>549300OHQRI7MW2NQU72</lei>
        <title>Reading Intl Inc CL A</title>
        <cusip>755408101</cusip>
        <identifiers>
          <isin value="US7554081015"/>
          <ticker value="RDI"/>
        </identifiers>
        <balance>130000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146900.00000000</valUSD>
        <pctVal>0.072792297898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson COM</title>
        <cusip>478160104</cusip>
        <identifiers>
          <isin value="US4781601046"/>
          <ticker value="JNJ"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>733320.00000000</valUSD>
        <pctVal>0.363376772598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT&amp;G Corp.</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G Corp. KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
          <ticker value="033780"/>
          <other otherDesc="SEDOL" value="6175076"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1531.65000000"/>
        <valUSD>2150654.64000000</valUSD>
        <pctVal>1.065698388230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Natural Resources Limited</name>
        <lei>549300T15RIMIKZC5Q38</lei>
        <title>Canadian Natural Resources Limited COM</title>
        <cusip>136385101</cusip>
        <identifiers>
          <isin value="CA1363851017"/>
          <ticker value="CNQ"/>
        </identifiers>
        <balance>260000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12669800.00000000</valUSD>
        <pctVal>6.278174648816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medipal Holdings Corp.</name>
        <lei>353800PJDODZEA4NP730</lei>
        <title>Medipal Holdings Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3268950007"/>
          <ticker value="7459"/>
          <other otherDesc="SEDOL" value="6782090"/>
        </identifiers>
        <balance>70000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>1314415.23000000</valUSD>
        <pctVal>0.651322702410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>News Corporation</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>News Corporation CL A</title>
        <cusip>65249B109</cusip>
        <identifiers>
          <isin value="US65249B1098"/>
          <ticker value="NWSA"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>623250.00000000</valUSD>
        <pctVal>0.308834579067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brenntag SE</name>
        <lei>NNROIXVWJ7CPSR27SV97</lei>
        <title>Brenntag SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A1DAHH0"/>
          <ticker value="BNR"/>
          <other otherDesc="SEDOL" value="B4YVF56"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>1016073.90000000</valUSD>
        <pctVal>0.503487774100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kohsoku Corp</name>
        <lei>N/A</lei>
        <title>Kohsoku Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3288900008"/>
          <ticker value="7504"/>
          <other otherDesc="SEDOL" value="6488592"/>
        </identifiers>
        <balance>45000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>902905.61000000</valUSD>
        <pctVal>0.447410307264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung C&amp;T Corporation</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>Samsung C&amp;T Corporation KRW100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
          <ticker value="028260"/>
          <other otherDesc="SEDOL" value="BSXN8K7"/>
        </identifiers>
        <balance>11000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1531.65000000"/>
        <valUSD>1927838.16000000</valUSD>
        <pctVal>0.955287744331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U-Haul Holding Co.</name>
        <lei>5493003WIDMLDHYC6Y24</lei>
        <title>U-Haul Holding Co. COM SER N</title>
        <cusip>023586506</cusip>
        <identifiers>
          <isin value="US0235865062"/>
          <ticker value="UHAL/B"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2233500.00000000</valUSD>
        <pctVal>1.106750152183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-28</ncom:dateSigned>
      <ncom:nameOfApplicant>AMG Funds</ncom:nameOfApplicant>
      <ncom:signature>Thomas Disbrow</ncom:signature>
      <ncom:signerName>Thomas Disbrow</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
