497 1 d629821d497.htm AMG FUNDS II AMG Funds II

Filed pursuant to Rule 497(e)

File Nos. 033-43089 and 811-06431

AMG FUNDS II

AMG GW&K Global Allocation Fund

AMG GW&K Enhanced Core Bond ESG Fund

Supplement dated December 13, 2023 to the Statement of Additional Information dated May 1, 2023,

as supplemented December 8, 2023

The following information supplements and supersedes any information to the contrary relating to AMG GW&K Global Allocation Fund (the “Global Allocation Fund”) and AMG GW&K Enhanced Core Bond ESG Fund (together with the Global Allocation Fund, the “Funds”, and each, a “Fund”), each a series of AMG Funds II (the “Trust”), contained in the Funds’ Statement of Additional Information (the “SAI”), dated and supplemented as noted above.

At a meeting of shareholders of the Funds held on October 10, 2023, shareholders voted to re-elect five of the Trust’s current Trustees and elect two new nominees to the Board of Trustees of the Trust. Accordingly, effective immediately, the SAI is revised as follows:

The table in the “Trustees and Officers – Independent Trustees” section is amended to add the following:

 

NAME AND

YEAR OF

BIRTH

   

POSITION(S)

HELD WITH

THE TRUST

AND

LENGTH OF

TIME

SERVED

   

PRINCIPAL
OCCUPATION(S)
DURING PAST 5
YEARS

   

NUMBER

OF FUNDS

IN FUND

COMPLEX
OVERSEEN

BY TRUSTEE

   

OTHER
DIRECTORSHIPS
HELD BY TRUSTEE

   

EXPERIENCE,
QUALIFICATIONS,
ATTRIBUTES,
SKILLS FOR
BOARD
MEMBERSHIP

Jill R. Cuniff

YOB: 1964

   

Trustee since

2023

    Retired (2016 to Present); President & Portfolio Manager, Edge Asset Management (2009-2016); President & Chief Investment Officer, Morley Financial Services (2001-2009); President, Union Bond & Trust Company (2001-2009)    41    Director of Harding, Loevner Funds, Inc. (12 portfolios) (2018-Present).    Significant experience as a board member of mutual funds; significant business experience as president of executive teams; experience with institutional and retail distribution; experience as a co-portfolio manager.

Peter W. MacEwen

YOB: 1964

   

Trustee since

2023

    Private investor (2019-Present); Affiliated Managers Group, Inc. (2003-2018): Chief Administrative Officer, Office of the CEO (2013-2018); Senior Vice President, Finance (2007-2013); Vice President, Finance (2003-2007)    41    None    Significant experience in the financial services industry, including as a senior executive of an S&P 500 asset management firm where responsibilities included: corporate finance and capital raising; strategy development and execution; internal audit and risk management; and oversight of global operations.

The following is added to the end of the “Trustees and Officers – Trustee Share Ownership” section:

As of December 31, 2022, Ms. Cuniff and Mr. MacEwen did not own shares of the Funds, AMG Funds, AMG Funds I, AMG Funds III and AMG Funds IV. During the past five years, Mr. MacEwen did hold 2,536 shares of AMG, the Investment Manager’s parent company, which he sold on August 11, 2023. As of August 12, 2023, Mr. MacEwen no longer holds any shares of AMG.

The following is added to the end of the “Trustees and Officers – Trustees’ Compensation” section:

From July 25, 2023 through October 10, 2023, Ms. Cuniff and Mr. MacEwen served as consultants to the Board on an as needed basis. As compensation for their services, Ms. Cuniff and Mr. MacEwen each received $31,250, paid by the Funds, AMG Funds, AMG Funds I, AMG Funds III and AMG Funds IV.

PLEASE KEEP THIS SUPPLEMENT FOR FUTURE REFERENCE