Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class I N I Z NAV | as of 02/27/2026 $19.59 +$0.07 (+0.36%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 112 Foreign Small/Mid Growth funds as of 01/31/2026 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 02/24/2017 to 01/31/2026 = $16,334.66 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. SEE ALL PERFORMANCE The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Read Important Investment Disclosures Objective Seeks to provide long-term capital appreciation by primarily investing in international small cap companies. Why Consider May be appropriate for investors looking to gain exposure to non-U.S. small cap companies TimesSquare leverages its wealth of experience investing in international small cap companies, relying on bottom-up research to identify growth businesses with exceptional management, distinct, sustainable competitive advantages and consistent growth Documents Fact Sheet Commentary Summary Prospectus Prospectus SAI Annual Report - Class N Semi-Annual Report - Class N Annual Report - Class I Semi-Annual Report - Class I Annual Report - Class Z Semi-Annual Report - Class Z Annual Financial Statements and Other Information Semi-Annual Financial Statements and Other Information Q1 Holdings Q3 Holdings All Holdings Distributions View All Documents Investment Style AMG TimesSquare International Small Cap Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective AMG TimesSquare International Small Cap Fund is categorized as Mid-Growth. It invests in medium-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 01/31/2026 Overall Rating (of 112) 3 Years (of 112) 5 Years (of 96) 10 Years — Category Foreign Small/Mid Growth Read Important Investment Disclosures Magnus S. Larsson PARTNER, PORTFOLIO MANAGER OF TIMESSQUARE Mr. Larsson is a Partner and Portfolio Manager on TimesSquare’s International Small Cap team which covers Developed, Emerging, and Frontier markets. Prior to joining TimesSquare in 2012, Mr. Larsson was a Portfolio Manager at Nordea Investment Management where he focused on European small and mid cap equities. Prior to Nordea, he held a similar role at SEB Asset Management as a Portfolio Manager focusing on European small and mid caps. Mr. Larsson’s prior experience also includes a Financial Analyst role specializing in small and mid cap equity research with Borsinsikt and a position as an Institutional Equity Sales Director at Beeson Gregory. He holds a B.S. in Economics and Business Administration from the University of Orebro, Sweden as well as a B.A. in Social Science. David A. Hirsh PARTNER, PORTFOLIO MANAGER OF TIMESSQUARE Mr. Hirsh has served as portfolio manager of the Fund since January 2022. Mr. Hirsh is a Partner and Portfolio Manager on TimesSquare’s International Small Cap team which covers Developed, Emerging, and Frontier markets. Prior to joining TimesSquare in 2012, Mr. Hirsh was a Senior Principal at HawkStone Capital, focusing on Europe. Prior to HawkStone, he worked at Societe Generale, Kepler Equities, and Julius Baer with a focus on small- to mid-cap European stocks. He holds a B.A. in International Affairs from Lafayette College and is fluent in French. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Expense Ratios Gross Expense Ratio: 1.17% Net Expense Ratio: 1.11% Expense Cap Expiration Date: 05/01/2026 The Fund’s Investment Manager has contractually agreed, through May 1, 2025, to limit fund operating expenses. The net expense ratio reflects this limitation, while the gross expense ratio does not. The Fund has no up-front sales charges or deferred sales charges. Please refer to the Fund’s Prospectus for additional information on the Fund’s expenses. Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Dec 16, 2025 $0.199600 $0.199600 — — Dec 16, 2024 $0.426500 $0.426500 — — Dec 14, 2023 $0.259900 $0.259900 — — Dec 15, 2022 $0.133200 $0.133200 — — Dec 15, 2021 $0.215100 $0.215100 — — Dec 16, 2020 $0.005100 $0.005100 — — Dec 16, 2019 $0.274600 $0.274600 — — Dec 27, 2018 $0.167600 $0.167600 — — Dec 27, 2017 $0.148800 $0.078600 $0.057900 $0.012300 From: To: Risk & Return Statistics As of: 01/31/2026 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -0.74 -3.86 - Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 13.24 16.25 - Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.54 -0.05 - Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 92.30 86.71 - Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 96.54 103.83 - Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.92 0.96 - R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 83.56 88.38 - Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 5.57 5.57 - View All Characteristics & Statistics All Characteristics & Statistics AMG TimesSquare International Small Cap Fund (TQTIX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund MSCI EAFE Small Cap Index Fund Assets (Mil.$) $120 Number of Holdings 79 Weighted Avg. Market Cap (Mil.$) $4,655 $4,014 Median Market Cap (Mil.$) $3,731 $1,787 Weighted Avg. P/E (1-yr Forward EPS) 17.72 15.60 Weighted Avg. P/E (Trailing EPS) 19.30 16.33 PEG Ratio 2.03 1.81 Weighted Avg. P/B 2.58 1.50 EPS Growth (Trailing 3-yr %) 8.06% 1.03% EPS Growth (Trailing 5-yr %) 11.51% 6.82% Forward EPS Growth (1-yr %) 13.38% 7.68% Forward EPS Growth (Long Term %) 8.58% 6.78% Revenue Growth (Trailing 5-yr %) 8.44% 5.89% Return on Equity 16.74% 10.75% Weighted Avg. Dividend Yield 2.03% 2.78% Debt to Equity 56.87 73.58 Trailing 12-Months Portfolio Turnover 67.86% As of: 12/31/2025 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -0.74 -3.86 - Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 13.24 16.25 - Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. 0.54 -0.05 - Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 92.30 86.71 - Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 96.54 103.83 - Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 0.92 0.96 - R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 83.56 88.38 - Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 5.57 5.57 - Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. -0.27 -0.72 - Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. 7.96 -0.86 - Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -11.70 -41.20 - As of: 01/31/2026 Market Cap Fund MSCI EAFE Small Cap Index Market Cap ($mm) 0 - 1,000 5.94% 6.62% Market Cap ($mm) 1,000 - 1,500 3.02% 9.42% Market Cap ($mm) 1,500 - 2,500 17.89% 17.69% Market Cap ($mm) 2,500 - 5,000 41.62% 34.68% Market Cap ($mm) 5,000 - 10,000 26.60% 29.69% Market Cap ($mm) 10,000 - 25,000 4.94% 1.90% Market Cap ($mm) 25,000 - 50,000 0.00% 0.00% Market Cap ($mm) 50,000 - 100,000 0.00% 0.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 12/31/2025 Valuation Characteristics Fund MSCI EAFE Small Cap Index P/E 0-10 4.08% 10.68% P/E 10-15 13.30% 22.61% P/E 15-20 28.74% 19.12% P/E 20-25 24.28% 13.80% P/E 25-Above 29.61% 28.21% P/E – NA 0.00% 5.59% As of: 12/31/2025 Growth Characteristics Fund MSCI EAFE Small Cap Index EPS Growth (Trailing 3-yr %) - Negative 24.10% 39.96% EPS Growth (Trailing 3-yr %) 0 - 5 15.30% 9.03% EPS Growth (Trailing 3-yr %) 5 - 10 13.01% 7.87% EPS Growth (Trailing 3-yr %) 10 - 15 10.92% 5.80% EPS Growth (Trailing 3-yr %) 15 - 20 4.33% 4.56% EPS Growth (Trailing 3-yr %) Above 20 24.44% 18.88% EPS Growth (Trailing 3-yr %) - NA 7.90% 13.91% As of: 12/31/2025 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 12/31/2025 Azbil Corp 2.56% KDX Realty Investment Corp, Class A 2.43% Technip Energies NV 2.38% ALS Ltd 2.37% Sumitomo Bakelite Co Ltd 2.30% Greencore Group Plc 2.19% Interpump Group SpA 2.15% Ringkjoebing Landbobank A/S 2.11% Sopra Steria Group 2.04% Rigaku Holdings Corp 2.02% % in Top 10 Holdings 22.55% View Holding Details Holding Details AMG TimesSquare International Small Cap Fund (TQTIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 12/31/2025 Azbil Corp 2.56% KDX Realty Investment Corp, Class A 2.43% Technip Energies NV 2.38% ALS Ltd 2.37% Sumitomo Bakelite Co Ltd 2.30% Greencore Group Plc 2.19% Interpump Group SpA 2.15% Ringkjoebing Landbobank A/S 2.11% Sopra Steria Group 2.04% Rigaku Holdings Corp 2.02% % in Top 10 Holdings 22.55% As of: 12/31/2025 Download All Holdings (PDF) As of: 01/31/2026 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund ALQ ALS Ltd Industrials S AU AUD 193,250 17.05 $3,295,197 2.65% GNC Greencore Group Plc Consumer Staples S IE GBP 763,760 3.96 $3,025,538 2.43% 4203 Sumitomo Bakelite Co Ltd Materials S JP JPY 85,280 35.22 $3,003,557 2.42% 6845 Azbil Corp Information Technology S JP JPY 336,130 8.75 $2,941,711 2.37% TE Technip Energies NV Energy S FR EUR 74,670 39.19 $2,926,277 2.35% RILBA Ringkjoebing Landbobank A/S Financials S DK DKK 11,070 252.09 $2,790,612 2.24% SOP Sopra Steria Group Information Technology S FR EUR 13,503 182.67 $2,466,527 1.98% 268A Rigaku Holdings Corp Information Technology S JP JPY 309,360 7.81 $2,416,044 1.94% SFZN Siegfried Holding Ag Health Care S CH CHF 19,560 122.96 $2,405,133 1.93% 9336 Daiei Kankyo Co Ltd Industrials S JP JPY 91,050 26.38 $2,401,478 1.93% IP Interpump Group SpA Industrials S IT EUR 40,447 58.02 $2,346,536 1.89% IMD Imdex Ltd Materials S AU AUD 898,880 2.58 $2,323,457 1.87% 8174 Nippon Gas Co Ltd Utilities S JP JPY 121,500 18.97 $2,304,252 1.85% 7649 Sugi Holdings Co Ltd Consumer Staples S JP JPY 95,171 23.00 $2,188,638 1.76% ACX Acerinox SA Materials S ES EUR 141,120 14.85 $2,096,290 1.69% 6368 Organo Corp Industrials S JP JPY 19,510 105.59 $2,060,089 1.66% 5947 Rinnai Corp Consumer Discretionary S JP JPY 77,380 26.27 $2,032,417 1.63% DAN Danieli & C Officine Meccaniche SpA Industrials S IT EUR 27,470 73.83 $2,028,060 1.63% ROR Rotork PLC Industrials S GB GBP 415,180 4.85 $2,014,766 1.62% TPEIR Piraeus Bank Sa Financials S GR EUR 192,742 10.09 $1,944,252 1.56% 1959 Kraftia Corp Industrials S JP JPY 37,030 52.15 $1,931,178 1.55% DLG De' Longhi SpA Consumer Discretionary S IT EUR 43,620 44.21 $1,928,319 1.55% COA Coats Group Plc Consumer Discretionary S GB GBP 1,655,870 1.16 $1,926,987 1.55% 5838 Rakuten Bank Ltd Financials S JP JPY 38,910 47.86 $1,862,164 1.50% 3774 Internet Initiative Japan Inc Communication Services S JP JPY 115,210 16.16 $1,861,576 1.50% 8972 KDX Realty Investment Corp, Class A Real Estate S JP JPY 1,690 1,081.84 $1,828,304 1.47% MRL Merlin Properties Socimi SA Real Estate S ES EUR 122,370 14.88 $1,821,258 1.47% NVMI Nova Ltd Information Technology S IL USD 3,970 457.84 $1,817,625 1.46% VNT Ventia Services Group Pty Ltd Industrials S AU AUD 439,710 4.00 $1,761,021 1.42% 2345 Accton Technology Corp Information Technology S TW TWD 47,740 34.96 $1,669,146 1.34% 5805 Swcc Corp Industrials S JP JPY 22,320 74.53 $1,663,536 1.34% ALMB Alm Brand A/S Financials S DK DKK 598,060 2.77 $1,656,439 1.33% 5842 Integral Corp Financials S JP JPY 70,600 22.98 $1,622,452 1.31% 4980 Dexerials Corp Information Technology S JP JPY 92,290 17.54 $1,619,158 1.30% MAIRE Maire SpA Industrials S IT EUR 91,700 17.47 $1,602,215 1.29% OR OR Royalties Inc Materials S CA CAD 40,450 39.43 $1,594,948 1.28% STJ St James's Place PLC Financials S GB GBP 75,800 20.89 $1,583,108 1.27% BOY Bodycote PLC Industrials S GB GBP 154,959 10.20 $1,580,744 1.27% VIS Viscofan SA Consumer Staples S ES EUR 22,880 67.11 $1,535,492 1.24% CIE CIE Automotive SA Consumer Discretionary S ES EUR 42,967 34.07 $1,463,685 1.18% THEON Theon International Plc Industrials S CY EUR 35,811 37.10 $1,328,747 1.07% R3NK RENK Group AG Industrials S DE EUR 19,864 64.38 $1,278,883 1.03% ARCAD Arcadis NV Industrials S NL EUR 28,150 44.91 $1,264,220 1.02% CHG Chemring Group Plc Industrials S GB GBP 178,010 6.84 $1,216,940 0.98% KGX KION Group AG Industrials S DE EUR 17,080 70.63 $1,206,444 0.97% VIRP Virbac Saca Health Care S FR EUR 2,870 416.87 $1,196,414 0.96% BELA JUMBO SA Consumer Discretionary S GR EUR 39,820 29.68 $1,181,904 0.95% 443060 HD Hyundai Marine Solution Co Ltd Industrials S KR KRW 9,240 126.79 $1,171,559 0.94% IPS IPSOS SA Communication Services S FR EUR 26,570 42.42 $1,127,197 0.91% 429A Tekscend Photomask Corp Information Technology S JP JPY 56,150 19.59 $1,099,719 0.88% HSN Hansen Technologies Ltd Information Technology S AU AUD 315,460 3.45 $1,089,411 0.88% 4373 Simplex Holdings Inc Information Technology S JP JPY 173,960 6.20 $1,078,472 0.87% 9962 MISUMI Group Inc Industrials S JP JPY 62,000 16.53 $1,024,878 0.82% SAVE Nordnet AB publ Financials S SE SEK 31,477 32.35 $1,018,379 0.82% CLBT Cellebrite DI Ltd, Class A Information Technology S IL USD 68,940 14.71 $1,014,107 0.82% AALB Aalberts Nv Industrials S NL EUR 26,360 38.40 $1,012,186 0.81% 8354 Fukuoka Financial Group Inc Financials S JP JPY 27,500 36.36 $1,000,006 0.80% HWDN Howden Joinery Group PLC Industrials S GB GBP 86,313 11.46 $988,794 0.80% 4088 Air Water Inc Materials S JP JPY 64,900 15.18 $985,132 0.79% AMBUB Ambu A/S, Class B Health Care S DK DKK 71,310 13.56 $967,014 0.78% FBK FinecoBank Banca Fineco SpA Financials S IT EUR 35,623 26.51 $944,375 0.76% KCR Konecranes Oyj, Class A Industrials S FI EUR 7,990 117.76 $940,920 0.76% MELE Melexis Nv Information Technology S BE EUR 12,390 75.60 $936,657 0.75% ATE Alten SA Information Technology S FR EUR 9,410 98.03 $922,472 0.74% BC8 Bechtle AG Information Technology S DE EUR 17,100 51.83 $886,331 0.71% CWY Cleanaway Waste Management Ltd Industrials S AU AUD 510,800 1.71 $875,534 0.70% CRW Craneware PLC Health Care S GB GBP 37,400 22.99 $859,762 0.69% CAR CAR Group Ltd Communication Services S AU AUD 44,864 19.13 $858,468 0.69% IOS Ionos Group Se Information Technology S DE EUR 25,520 32.24 $822,766 0.66% ARCO Arcos Dorados Holdings Inc, Class A Consumer Discretionary S UY USD 99,920 8.18 $817,346 0.66% 6141 DMG Mori Co Ltd Industrials S JP JPY 46,180 17.65 $814,996 0.66% NEX Nexans SA Industrials S FR EUR 5,150 157.51 $811,189 0.65% 3498 Kasumigaseki Capital Co Ltd Real Estate S JP JPY 16,700 48.53 $810,423 0.65% GAW Games Workshop Group PLC Consumer Discretionary S GB GBP 3,450 233.29 $804,844 0.65% SDF Steadfast Group Ltd Financials S AU AUD 210,573 3.62 $762,589 0.61% BONEX BoneSupport Holding AB 144A Health Care S SE SEK 34,850 20.77 $723,673 0.58% AUTO Autotrader Group PLC 144A Communication Services S GB GBP 91,400 7.37 $673,754 0.54% SRC Sigmaroc PLC Materials S GB GBP 328,300 1.96 $644,353 0.52% PSI Pason Systems Inc Energy S CA CAD 66,110 8.86 $586,015 0.47% 6544 Japan Elevator Service Holdings Co Ltd Industrials S JP JPY 32,290 10.53 $339,984 0.27% 4419 Finatext Holdings Ltd Information Technology S JP JPY 36,100 5.72 $206,593 0.17% Cash & Equivalents Cash C US USD - - $2,683,700 2.16% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Rigaku Holdings Corp 1 1.67% 29.14% Swcc Corp 2 1.47% 25.48% Interpump Group SpA 3 1.85% 19.95% Games Workshop Group PLC 4 0.88% 31.52% De' Longhi SpA 5 1.57% 18.53% ALS Ltd 6 2.25% 12.31% Organo Corp 7 1.81% 7.70% Konecranes Oyj, Class A 8 0.81% 33.70% Greencore Group Plc 9 2.11% 11.06% Acerinox SA 10 1.52% 14.00% As of: 12/31/2025 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return RENK Group AG 20 1.04% -38.83% Rakuten Bank Ltd 19 1.46% -21.24% Appier Group, Inc. 18 0.53% -32.53% Ionos Group Se 17 0.72% -32.74% Technip Energies NV 16 1.67% -19.00% Integral Corp 15 1.58% -15.90% BoneSupport Holding AB 144A 14 0.65% -34.27% OR Royalties Inc 13 1.38% -11.42% Chemring Group Plc 12 1.02% -19.85% Craneware PLC 11 1.05% -18.64% As of: 12/31/2025 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Regional Allocation As of: 12/31/2025 View Allocation Details Allocation Details AMG TimesSquare International Small Cap Fund (TQTIX) Sector Allocation (Equity) Investment Allocation Country Allocation Regional Allocation Top 10 Industries Sector Sort Order Fund MSCI EAFE Small Cap Index Industrials 27.65% 22.92% Information Technology 18.11% 9.18% Financials 11.60% 12.81% Consumer Discretionary 9.96% 12.34% Materials 7.75% 10.95% Consumer Staples 5.26% 5.38% Health Care 4.77% 5.55% Real Estate 4.57% 11.21% Communication Services 3.94% 4.13% Energy 2.86% 2.81% Utilities 1.93% 2.71% Cash & Other 1.60% 0.00% As of: 12/31/2025 Investment Allocation 12/31/2025 Stocks 98.40% Bonds 0.00% Cash and Other 1.60% As of: 12/31/2025 Country Fund MSCI EAFE Small Cap Index Japan 32.54% 35.32% United Kingdom 9.39% 12.72% Australia 8.60% 10.98% France 7.77% 3.61% Italy 7.70% 3.10% Spain 5.97% 1.57% Denmark 4.77% 2.05% Germany 3.56% 4.13% Greece 2.38% 0.00% Ireland 2.19% 0.23% Israel 2.13% 4.62% Netherlands 1.71% 1.19% Canada 1.68% 0.00% Switzerland 1.54% 4.51% Taiwan 1.51% 0.00% % in Top 15 Countries 93.44% 84.03% As of: 12/31/2025 Region Fund MSCI EAFE Small Cap Index Developed 92.33% 100.00% Europe & Middle East 49.51% 49.26% North America 1.68% 0.00% Pacific 41.14% 50.74% Emerging 4.52% 0.00% Asia 2.14% 0.00% Latin America 0.00% 0.00% Europe & Middle East 2.38% 0.00% Africa 0.00% 0.00% Frontier 0.00% 0.00% Africa 0.00% 0.00% Asia 0.00% 0.00% Europe 0.00% 0.00% Latin America 0.00% 0.00% Middle East 0.00% 0.00% Cash & Other 3.15% 0.00% As of: 12/31/2025 Industry Fund MSCI EAFE Small Cap Index Machinery 12.50% 6.50% Electronic Equipment, Instruments & Components 6.12% 3.28% Banks 5.96% 4.75% IT Services 5.82% 1.95% Metals & Mining 4.83% 5.02% Construction & Engineering 4.33% 3.73% Diversified REITs 3.92% 2.25% Food Products 3.39% 2.88% Household Durables 3.36% 2.12% Professional Services 3.35% 1.41% % in Top 10 Industries 53.58% 33.89% As of: 12/31/2025 Read Important Investment Disclosures About the Affiliate About TimesSquare Capital Management TimesSquare is a growth equity specialist. They are a trusted partner to institutional investors globally, providing mutual fund and separate account management. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. Learn More About TimesSquare Capital Management's Approach FOUNDED 2000 AMG AFFILIATE SINCE 2004 HEADQUARTERS New York, NY Portfolio Managers Magnus S. Larsson PARTNER, PORTFOLIO MANAGER OF TIMESSQUARE Read full bio David A. Hirsh PARTNER, PORTFOLIO MANAGER OF TIMESSQUARE Read full bio Investment Approach Investment Approach AMG TimesSquare International Small Cap Fund The Fund seeks to outperform the MSCI EAFE Small Cap Index over a full market cycle. TimesSquare’s international investment team uses a bottom up, fundamental research-intensive approach to identify international small cap stocks with the greatest potential to achieve price appreciation over a 12- to 18-month horizon. The Fund invests in companies with market capitalizations less than $5 billion at time of purchase. Related products Other Products From TimesSquare Capital Management TMDPX AMG TimesSquare Mid Cap Growth Fund View Fund Details TSCPX AMG TimesSquare Small Cap Growth Fund View Fund Details Stay up-to-date Sign up to receive our latest views and thinking, in addition to other news and product-related information. CHOOSE SUBSCRIPTIONS