https://www.sec.gov/Archives/edgar/data/1089951/000119312517071288/d299470d497.htm497 1 d299470d497.htm AMG FUNDS
Filed pursuant to Rule 497(e)
File Nos. 333-84639 and 811-09521
AMG FUNDS
AMG Systematic Mid Cap Value Fund
Supplement dated March 6, 2017 to the
Prospectus and Statement of Additional Information dated July 1, 2016, as supplemented July 28, 2016 and
September 30, 2016
The following information supplements and supersedes any information to the contrary relating to AMG Systematic Mid Cap Value Fund, a series of AMG Funds (the “Fund”), contained in the Fund’s Prospectus (the “Prospectus”) and Statement of Additional Information (“SAI”), dated and supplemented as noted above.
Closing Class S Shares and Converting to Class I Shares
Effective immediately after the close of business (4:00 PM EST) on June 23, 2017 (the “Closure Time”), Class S shares of the Fund will be closed to all investors and will no longer be available for purchase, including purchases by exchange. As of the Closure Time, each shareholder’s outstanding Class S shares of the Fund will automatically convert to a number of full and/or fractional Class I shares of the Fund equal in value to the shareholder’s Class S shares of the Fund as of the Closure Time (the “Class I Conversion”). There will be no change in the overall value of a shareholder’s shares as of the Closure Time resulting from the Class I Conversion. Investments in Class I shares of the Fund after the Closure Time will be subject to the fees and expenses applicable to Class I shares described in the then current prospectus.
PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE
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