NPORT-EX 2 8907800AMGMgrCadMidCapFd.htm
AMG Managers Cadence Mid Cap Fund
Schedule of Portfolio Investments (unaudited)
August 31, 2020
  Shares Value
Common Stocks - 98.1%    
Communication Services - 1.8%    
The Interpublic Group of Cos., Inc. 43,636 $774,975
Omnicom Group, Inc. 14,509 784,792
     
Total Communication Services   1,559,767
Consumer Discretionary - 13.1%    
Aptiv PLC (Ireland) 7,987 687,840
AutoZone, Inc.* 791 946,281
Best Buy Co., Inc. 9,504 1,054,089
BorgWarner, Inc.1 25,303 1,027,049
Dollar General Corp. 4,330 874,140
Domino's Pizza, Inc. 2,040 834,278
Kontoor Brands, Inc.1 31,569 697,675
Lear Corp. 7,769 885,122
Lennar Corp., Class B 19,998 1,185,881
LKQ Corp.* 30,309 962,008
PulteGroup, Inc. 24,003 1,070,294
Williams-Sonoma, Inc.1 13,185 1,157,116
     
Total Consumer Discretionary   11,381,773
Consumer Staples - 6.6%    
Campbell Soup Co. 21,585 1,135,587
Church & Dwight Co., Inc. 9,717 931,180
Herbalife Nutrition, Ltd.* 21,124 1,038,245
The Hershey Co. 7,261 1,079,275
Keurig Dr Pepper, Inc. 26,715 796,908
Sysco Corp. 12,550 754,757
     
Total Consumer Staples   5,735,952
Financials - 8.9%    
Ameriprise Financial, Inc. 5,552 870,554
Discover Financial Services 12,317 653,786
Evercore, Inc., Class A 10,265 635,198
LPL Financial Holdings, Inc. 12,966 1,065,287
OneMain Holdings, Inc. 29,739 864,810
Primerica, Inc. 7,028 877,446
SEI Investments Co. 12,247 641,253
Signature Bank 7,615 738,883
Synchrony Financial 24,906 617,918
Western Alliance Bancorp. 22,095 779,953
     
Total Financials   7,745,088
Health Care - 20.2%    
Agilent Technologies, Inc. 12,571 1,262,380
AmerisourceBergen Corp. 11,236 1,090,229
Avantor, Inc.* 49,433 1,115,703
  Shares Value
     
Charles River Laboratories International, Inc.* 7,078 $1,549,728
Chemed Corp. 1,780 920,456
DaVita, Inc.* 9,860 855,454
Horizon Therapeutics PLC* 20,658 1,551,829
Jazz Pharmaceuticals PLC (Ireland)* 7,699 1,034,669
McKesson Corp. 6,797 1,042,932
Molina Healthcare, Inc.* 4,430 819,417
Neurocrine Biosciences, Inc.* 7,443 866,514
PerkinElmer, Inc. 7,060 831,103
PPD, Inc.* 28,950 994,143
PRA Health Sciences, Inc.* 10,675 1,141,264
Premier, Inc., Class A 28,039 918,277
Veeva Systems, Inc., Class A* 5,716 1,613,455
     
Total Health Care   17,607,553
Industrials - 18.7%    
Allison Transmission Holdings, Inc. 24,631 883,514
Carlisle Cos., Inc. 6,602 864,532
Carrier Global Corp. 31,130 929,231
Co.reLogic, Inc./United States 12,650 839,960
Cummins, Inc. 4,080 845,580
Expeditors International of Washington, Inc. 10,578 934,989
Fortune Brands Home & Security, Inc. 14,737 1,239,087
Hubbell, Inc. 7,233 1,048,206
J.B. Hunt Transport Services, Inc. 6,580 924,753
Landstar System, Inc. 7,859 1,045,954
Lincoln Electric Holdings, Inc. 9,350 904,239
Masco Corp. 25,792 1,503,674
Quanta Services, Inc. 20,870 1,069,588
Robert Half International, Inc. 16,865 897,218
Rockwell Automation, Inc. 4,725 1,089,254
WW Grainger, Inc. 3,315 1,211,400
     
Total Industrials   16,231,179
Information Technology - 25.2%    
Arista Networks, Inc.* 3,430 766,433
Booz Allen Hamilton Holding Corp. 15,537 1,368,188
Broadridge Financial Solutions, Inc. 6,483 890,764
Cadence Design Systems, Inc.* 13,459 1,492,738
Citrix Systems, Inc. 8,549 1,241,315
F5 Networks, Inc.* 6,795 899,182
Fortinet, Inc.* 11,387 1,503,141
GoDaddy, Inc., Class A* 11,350 949,768
Jabil, Inc. 25,678 876,904
Keysight Technologies, Inc.* 9,314 917,615
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AMG Managers Cadence Mid Cap Fund
Schedule of Portfolio Investments (continued)
  Shares Value
Information Technology - 25.2%
(continued) 		   
KLA Corp. 6,243 $1,280,689
Lam Research Corp. 3,207 1,078,642
Lumentum Holdings, Inc.* 9,090 781,740
Motorola Solutions, Inc. 6,451 998,292
Skyworks Solutions, Inc. 9,412 1,363,328
SS&C Technologies Holdings, Inc. 14,730 938,596
Teradyne, Inc. 14,146 1,201,986
Ubiquiti, Inc.1 6,272 1,139,936
The Western Union Co.1 38,500 908,215
Zebra Technologies Corp., Class A* 4,654 1,333,511
     
Total Information Technology   21,930,983
Materials - 1.1%    
Eagle Materials, Inc. 11,518 941,827
Real Estate - 1.3%    
CBRE Group, Inc., Class A* 23,351 1,098,198
Utilities - 1.2%    
NRG Energy, Inc. 30,209 1,039,492
     
Total Common Stocks
(Cost $71,760,213) 		  85,271,812
    
  Principal
Amount 		Value
Short-Term Investments - 1.0%    
Joint Repurchase Agreements - 1.0%2    
RBC Dominion Securities, Inc., dated 08/31/20, due 09/01/20, 0.090% total to be received $876,998 (collateralized by various U.S. Government Agency Obligations and U.S. Treasuries, 0.000% - 6.000%, 09/01/20 - 07/01/50, totaling $894,536) $876,996 $876,996
     
Total Short-Term Investments
(Cost $876,996) 		  876,996
Total Investments - 99.1%
(Cost $72,637,209) 		   86,148,808
Other Assets, less Liabilities - 0.9%    805,635
Net Assets - 100.0%   $86,954,443
* Non-income producing security.
1 Some of these securities, amounting to $4,117,585 or 4.7% 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.
The following table summarizes the inputs used to value the Fund's investments by the fair value hierarchy levels as of August 31, 2020:
  Level 1   Level 2   Level 3   Total
Investments in Securities
Common Stocks†  $85,271,812    —    —    $85,271,812
Short-Term Investments
Joint Repurchase Agreements  —    $876,996    —    876,996
Total Investments in Securities $85,271,812   $876,996   —   $86,148,808
    
   
† 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.
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AMG Managers Cadence 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 August 31, 2020, were as follows:
  Securities
Loaned 		Cash
Collateral
Received 		Securities
Collateral
Received 		Total
Collateral
Received
   $4,117,585  $876,996  $3,412,584  $4,289,580
The following table summarizes the securities received as collateral for securities lending at August 31, 2020:
  Collateral
Type 		Coupon
Range 		Maturity
Date Range
  U.S. Treasury Obligations 0.000%-6.875% 09/15/20-02/15/50
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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