X0101 EFFECT 33 LIVE 2020-11-12 13:45:00

N-14

0001089951 AMG FUNDS 333-249460 0001089951 AMG FUNDS S000049941 AMG GW&K SMALL/MID CAP FUND C000157694 CLASS I 0000720309 AMG FUNDS III S000029674 AMG GW&K Mid Cap Fund C000091201 Class I 0001089951 AMG FUNDS S000049941 AMG GW&K SMALL/MID CAP FUND C000157696 CLASS N 0000720309 AMG FUNDS III S000029674 AMG GW&K Mid Cap Fund C000091195 Class N 0001089951 AMG FUNDS S000049941 AMG GW&K SMALL/MID CAP FUND C000180072 Class Z 0000720309 AMG FUNDS III S000029674 AMG GW&K Mid Cap Fund C000091199 Class Z