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        <name>PUB FIN AUTH WI TAX INCREMENT</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AG435"/>
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          <maturityDt>2050-11-15</maturityDt>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
        <cusip>546399SZ0</cusip>
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          <isin value="US546399SZ00"/>
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        <name>FAYETTE CNTY GA DEV AUTH REVEN</name>
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          <maturityDt>2049-10-01</maturityDt>
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        <name>FLORIDA ST HSG FIN CORP REVENU</name>
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        <title>Florida Housing Finance Corp</title>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
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        <title>South Carolina Jobs-Economic Development Authority</title>
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        <fairValLevel>2</fairValLevel>
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        <name>RICHLAND CNTY SC SCH DIST #2</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>NEW YORK NY</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
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        <name>COLUMBIA CNTY GA HOSP AUTH</name>
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          <isin value="US67756DS805"/>
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          <maturityDt>2054-05-01</maturityDt>
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          <isin value="US67756DS722"/>
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      <invstOrSec>
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          <isin value="US26444CHC91"/>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US20775DPL00"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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        <name>GEISINGER PA AUTH HLTH SYS REV</name>
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          <isin value="US368497JV62"/>
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          <isin value="US14054YAD31"/>
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        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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          <isin value="US70917TRZ65"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>VIRGINIA ST SMALL BUSINESS FIN</name>
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          <isin value="US928104NY02"/>
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          <maturityDt>2040-01-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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        <name>TOBACCO SETTLEMENT FING CORP R</name>
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        <invCountry>US</invCountry>
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          <isin value="US82170LAB18"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
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          <isin value="US20775DPK27"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>COLORADO ST HLTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FXU38"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTH FL CHRTR SC</name>
        <lei>N/A</lei>
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          <isin value="US14054YAC57"/>
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        <curCd>USD</curCd>
        <valUSD>956028.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <title>North Carolina Turnpike Authority</title>
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          <isin value="US65830RDA41"/>
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        <balance>3250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3343700.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI BEACH FL HLTH FACS AUTH</name>
        <lei>N/A</lei>
        <title>Miami Beach Health Facilities Authority</title>
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          <isin value="US593211FN07"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
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          <isin value="US64613CEH79"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1043212.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
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          <isin value="US452153KG32"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1028811.30000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <cusip>60637ARH7</cusip>
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          <isin value="US60637ARH76"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2160190.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SUFFOLK REGL OFF-TRACK BETTING</name>
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        <title>Suffolk Regional Off-Track Betting Co</title>
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          <isin value="US86480TAC80"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-12-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>PENNSYLVANIA ST ECON DEV FING</name>
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        <title>Pennsylvania Economic Development Financing Authority</title>
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          <isin value="US70868YAW93"/>
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        <curCd>USD</curCd>
        <valUSD>2222000.35000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-30</maturityDt>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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          <maturityDt>2060-12-31</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FKS29"/>
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        <title>Pennsylvania Housing Finance Agency</title>
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          <maturityDt>2053-04-01</maturityDt>
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        <name>VILLAGE CDD NO 15 SPL ASSMNT R</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority</title>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH STUDENT HS</name>
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          <isin value="US499526AT89"/>
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          <maturityDt>2059-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHATTANOOGA TN HLTH EDUCTNL &amp;</name>
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          <isin value="US162409AP14"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
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        <name>TOBACCO SETTLEMENT FING CORP N</name>
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          <isin value="US888808HT28"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
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        <name>VIRGINIA ST SMALL BUSINESS FIN</name>
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          <isin value="US928104NX29"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LOUISIANA STADIUM &amp; EXPOSITION</name>
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          <isin value="US546410CY53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <securityLending>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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          <isin value="US650116GX81"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-30</maturityDt>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP N</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH STUDENT HS</name>
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          <isin value="US45471FAY79"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLORADO ST HLTH FACS AUTH REV</name>
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          <isin value="US19648FZK38"/>
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        <curCd>USD</curCd>
        <valUSD>1333286.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
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      <invstOrSec>
        <name>FIXED INCOME CLEARING CORPORATION</name>
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        <curCd>USD</curCd>
        <valUSD>11519000.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
          <clearedCentCparty centralCounterparty="FIXED INCOME CLEARING CORPORATION" isCleared="Y"/>
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            <repurchaseCollateral>
              <principalAmt>11513700.00000000</principalAmt>
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      <invstOrSec>
        <name>FLORIDA DEV FIN CORP HLTHCAREF</name>
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          <isin value="US34061QBT31"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>388601.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>WEST VIRGINIA ST HOSP FIN AUTH</name>
        <lei>N/A</lei>
        <title>West Virginia Hospital Finance Authority</title>
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          <isin value="US956622X251"/>
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        <curCd>USD</curCd>
        <valUSD>1081538.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING A</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Authority</title>
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          <isin value="US928097AB03"/>
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        <curCd>USD</curCd>
        <valUSD>1907744.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <title>New York Transportation Development Corp</title>
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          <isin value="US650116GY64"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTRL TX REGL MOBILITY AUTH R</name>
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        <title>Central Texas Regional Mobility Authority</title>
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          <isin value="US155498LX41"/>
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        <curCd>USD</curCd>
        <valUSD>1813926.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LYNCHBURG VA ECON DEV AUTH HOS</name>
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        <title>Lynchburg Economic Development Authority</title>
        <cusip>55123TBS0</cusip>
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          <isin value="US55123TBS06"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206415.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP N</name>
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        <title>Tobacco Settlement Financing Corp</title>
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          <isin value="US888808HQ88"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>404447.38000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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          <isin value="US57585BEX29"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WASHINGTON ST HSG FIN COMMISSI</name>
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        <title>Washington State Housing Finance Commission</title>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13049YBM21"/>
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      <invstOrSec>
        <name>JEFFERSON CNTY AL SWR REVENUE</name>
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          <isin value="US472682ZS54"/>
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          <maturityDt>2053-10-01</maturityDt>
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        <lei>549300K10X7VPG6JVX38</lei>
        <title>Ohio Housing Finance Agency</title>
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          <isin value="US67756Q6U69"/>
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        <balance>1490000.00000000</balance>
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          <maturityDt>2049-09-01</maturityDt>
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        <name>NEW YORK NY CITY TRANSITIONAL</name>
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        <title>New York City Transitional Finance Authority</title>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-29</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>
