$SMALLCAPX

The AMG GW&K Small Cap Value Fund's Q4 2025 commentary indicates a strategic focus on small-cap stocks, emphasizing their potential in a recovering economy. The fund's management highlighted the strong performance of value stocks amidst rising interest rates and inflationary pressures. Additionally, they noted a shift in investor sentiment towards more conservative investments, which could benefit smaller companies. The outlook remains cautiously optimistic as market volatility persists, yet the fund aligns with long-term growth perspectives. Overall, the commentary suggests a favorable environment for small-cap value investing.