Investment Approach

AMG GW&K Small/Mid Cap Growth Fund

The Fund primarily invests in small and mid cap growth companies. The Fund identifies new investments based on five attributes:

• Company Management: The Fund seeks companies with experienced, tenured, high-quality management
• Growth Profile: The Fund favors companies with business models that have typically delivered consistent long-term growth
• Market Positioning: The Fund targets leading companies in attractive and defensible niche markets
• Financial Strength: The Fund invests in companies with strong financial characteristics
• Valuation: The Fund will seek attractive valuation relative to industry, peers, and own company history

Additional Fund Highlight

Risk management parameters, including exposure limits for each company and diversification of sector and growth profiles, are embedded in the portfolio construction process.