AMG SOUTHERNSUN GLOBAL OPPORTUNITIES FUND CLASS I (SSOLX) Exchange: NMFQS

DELISTED - The Fund invests in equity securities (principally, common stocks) of U.S. and non-U.S. issuers. The Fund may also obtain investment exposure to U.S. and non-U.S. issuers through investing in American Depositary Receipts (“ADRs”), preferred stock or corporate bonds. Under normal circumstances, the Fund will invest at least 35% of its net assets in investments economically tied to countries other than the U.S., or, if in the view of SouthernSun Asset Management, LLC (“SouthernSun” or the “Subadviser”), market conditions are not favorable, at least 30% of its net assets in investments economically tied to countries other than the U.S., and the Fund will hold investments economically tied to a minimum of three countries other than U.S. The Fund considers an investment to be economically tied to a country other than the U.S. if it provides investment exposure to a non-U.S. issuer. The Fund considers a company to be a non-U.S. issuer if (i) it is organized outside the U.S. or maintains a principal place of business outside the U.S.; (ii) its securities are traded principally outside the U.S.; or (iii) during its most recent fiscal year, it derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed outside the U.S. or it has at least 50% of its assets outside the U.S. The Fund defines the investable universe of securities as issuers with a market capitalization at the time of purchase equal to or greater than $100 million; however, the Fund expects its holdings will be primarily focused on small to mid capitalization securities. The Fund considers small to mid capitalization securities to include securities of issuers with a market capitalization at the time of purchase below $30 billion or within the capitalization range of companies in the MSCI ACWI SMID Cap Index, which was $12.89 million to $26.07 billion as of December 31, 2017. These capitalization ranges may change over time. The Fund may invest in securities of issuers located in emerging market countries.The Fund typically invests in 15-40 companies SouthernSun believes are niche dominant, attractively valued with financial flexibility and uniquely fitted management teams. When selecting companies for investment, SouthernSun seeks opportunities that it believes have the following characteristics:Financial Flexibility: SouthernSun seeks companies that have strong internally generated discretionary cash flow and organic revenue growth (revenue growth not obtained through mergers or acquisitions).Management Adaptability: SouthernSun seeks management teams with measurable, transparent goals that are held accountable for performance. This applies to multiple levels of management from the CEO and CFO to less senior management.Niche Dominance: SouthernSun seeks companies that it believes possess meaningful competitive advantages over peers.Under normal market conditions, the majority of the Fund’s assets will be allocated to equity securities. The Fund may hold assets in cash and cash equivalents, and at times these holdings may be significant. The Fund’s cash level at any point typically relates to SouthernSun’s individual security selection process, and therefore may vary, depending on SouthernSun’s desired security weightings.The Fund generally seeks to buy and hold stocks for the long-term, and sells holdings that SouthernSun believes have exceeded their intrinsic market value, become too large a position, experienced a change in fundamentals or are subject to other factors that SouthernSun believes may contribute to under performance. The Fund generally seeks to hold positions in companies as they increase in market capitalization, as long as SouthernSun considers the company to remain an attractive investment with capital appreciation potential.The Fund may enter into foreign currency futures and forward contracts to hedge currency risk, although SouthernSun does not currently anticipate that such transactions will play any significant role in the investment process.The Fund is non-diversified, which means that it can invest a greater percentage of its assets in any one issuer than a diversified fund.