AMG Funds III - AMG GW&K High Income Fund MGGBX

The fund seeks to invest principally in a diversified portfolio of short-term, below investment grade corporate bonds (commonly known as “junk bonds” or “high yield securities”). It seeks to achieve a high level of current income while minimizing price volatility associated with credit and interest rate risk. Although the fund may invest in instruments of any duration or maturity, it normally will seek to maintain a weighted average maturity of five years or less.