AMG Veritas Asia Pacific Fd USD Class I (MSEIX) Exchange: NMFQS

Under normal conditions, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities (generally, common and preferred stocks). Although the Fund focuses its investments in securities of small- and medium-capitalization companies pursuant to its investment objective, the Fund has historically invested substantially all of its assets in the securities of U.S. small-capitalization companies.Typically, the Fund invests in companies with capitalizations that are within the range of capitalizations of companies in the Russell 2000® Growth Index (the “Index”). As of May 10, 2019, the date of the latest reconstitution of the Index (implemented by the Index June 28, 2019), the range of market capitalizations for the Index was $44.1 million to $5.859 billion. This capitalization range will change over time. The Fund may purchase securities, or retain securities that it already has purchased, even if the securities are outside the Fund’s typical capitalization range.The Fund’s assets are currently allocated among four Subadvisers, each of which acts independently of the others and uses its own methodology to select portfolio investments. Specifically: The Subadvisers utilize a growth approach to investing whereby three of the four Subadvisers seek to identify companies that are exhibiting rapid growth in their businesses and the fourth Subadviser seeks to identify companies that possess better than average long-term growth rates combined with several other fundamental characteristics. Three of the four Subadvisers examine the underlying businesses, financial statements, competitive environment and company management in order to assess the future profitability of each company. One of the four Subadvisers utilizes a quantitative model driven by fundamental and technical stock selection variables, including relative value, profit trends, capital structure and price history. This process seeks to impose strict discipline over stock selection, unimpeded by market or manager psychology. A Subadviser may sell a security if it believes that the future profitability of a company does not support the current stock price. With the combination of the above strategies, the Fund seeks to generate returns from capital appreciation due to earnings growth along with improvements in the valuations of the securities such as, among other things, increases in the price to earnings ratios.