ADBLX — AMG Beutel Goodman Core Plus Bond Fund Class N

Ordinarily, at least 80% of the fund's capital is invested in fixed-income securities. Up to 20% of its assets may be allocated to instruments denominated in non-U.S. currencies. Furthermore, the fund has the discretion to invest as much as 30% of its portfolio in speculative-grade debt, widely known as "junk bonds" or "high-yield securities."