Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class Z N I Z NAV | as of 09/10/2024 $11.18 +$0.00 (+0.00%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 136 Global Small/Mid Stock funds as of 08/31/2024 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 05/30/2018 to 08/31/2024 = $12,714.96 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. 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 small cap companies around the globe. Why Consider May be appropriate for investors looking to gain exposure to small cap companies around the globe TimesSquare leverages its wealth of experience investing in global 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 Summary Prospectus Prospectus Holdings SAI 2023 Distributions View All Documents Investment Style TimesSquare Global Small Cap Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective TimesSquare Global Small Cap Fund is categorized as Mid-Growth. It invests in medium-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 08/31/2024 Overall Rating (of 136) 3 Years (of 136) 5 Years (of 117) 10 Years — Category Global Small/Mid Stock Read Important Investment Disclosures Magnus S. Larsson DIRECTOR AND PORTFOLIO MANAGER Magnus Larsson is a Director and Portfolio Manager on TimesSquare’s International Small Cap team. 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 BS in economics and business administration from the University of Orebro, Sweden, as well as a BA in social science. Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Grant Babyak is a Senior Founding Partner, Managing Director, and Portfolio Manager in TimesSquare’s growth equity group. Prior to joining TimesSquare in 2000, Mr. Babyak managed small cap and mid cap portfolios at Fiduciary Trust Company International. He previously worked for six years at Avatar Associates as an institutional portfolio manager and for two years at U.S. Trust Company of New York as an analyst covering the consumer and basic industrial sectors. He has a BA in political science from Yale University and an MBA in finance from the Leonard N. Stern School of Business at New York University. Mark E. Grzymski PARNTER, PORTFOLIO MANAGER Mark is a Partner and Portfolio Manager/Analyst on TimesSquare’s U.S. equity team. He is responsible for research coverage of the industrial, machinery, transportation, aerospace, defense, and materials and processing industries. Prior to joining TimesSquare in 2008, Mark was a Director at RBC Capital Markets covering industrial manufacturing and services companies. His previous research analyst experiences were as a Vice President at Needham & Company and as an associate analyst at Prospector Partners LLC. Mark has a BSBA in management from Bucknell University and an MBA from the Graduate School of Business at Fordham University. 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. 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. Returns for periods shorter than one year are not annualized. Expense Ratios Gross Expense Ratio: 5.16% Net Expense Ratio: 1.00% Expense Cap Expiration Date: 05/01/2025 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 14, 2023 $0.059100 $0.059100 — — Dec 15, 2022 $0.019900 $0.019900 — — Dec 15, 2021 $0.886700 $0.029500 — $0.857200 Dec 16, 2019 $0.131900 $0.131900 — — From: To: Risk & Return Statistics As of: 08/31/2024 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. -3.37 -2.71 - 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. 19.34 20.84 - 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. -0.33 0.15 - 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. 82.57 79.28 - 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. 99.89 99.12 - 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. 0.95 0.94 - 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. 92.39 93.71 - 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. 5.42 5.37 - View All Characteristics & Statistics All Characteristics & Statistics TimesSquare Global Small Cap Fund (TSYZX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund MSCI World Small Cap Index Fund Assets (Mil.$) $2 Number of Holdings 84 4,055 Weighted Avg. Market Cap (Mil.$) $5,855 $4,747 Median Market Cap (Mil.$) $4,686 $1,569 Weighted Avg. P/E (1-yr Forward EPS) 18.94 14.80 Weighted Avg. P/E (Trailing EPS) 21.50 15.94 PEG Ratio 1.61 1.17 Weighted Avg. P/B 2.83 1.71 EPS Growth (Trailing 3-yr %) 11.90% 9.04% EPS Growth (Trailing 5-yr %) 14.44% 10.07% Forward EPS Growth (1-yr %) 7.78% 3.78% Forward EPS Growth (Long Term %) 12.35% 11.73% Revenue Growth (Trailing 5-yr %) 12.17% 8.76% Return on Equity 13.54% 10.88% Weighted Avg. Dividend Yield 1.46% 2.03% Debt to Equity 74.62 81.71 Trailing 12-Months Portfolio Turnover 66.48% As of: 06/30/2024 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. -3.37 -2.71 - 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. 19.34 20.84 - 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. -0.33 0.15 - 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. 82.57 79.28 - 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. 99.89 99.12 - 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. 0.95 0.94 - 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. 92.39 93.71 - 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. 5.42 5.37 - 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. -0.64 -0.65 - 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. -6.79 3.41 - 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. -34.30 -34.30 - As of: 08/31/2024 Market Cap Fund MSCI World Small Cap Index Market Cap ($mm) 0 - 1,000 2.55% 8.49% Market Cap ($mm) 1,000 - 1,500 8.01% 7.82% Market Cap ($mm) 1,500 - 2,500 6.80% 15.26% Market Cap ($mm) 2,500 - 5,000 35.99% 31.76% Market Cap ($mm) 5,000 - 10,000 31.47% 29.35% Market Cap ($mm) 10,000 - 25,000 15.19% 7.23% Market Cap ($mm) 25,000 - 50,000 0.00% 0.09% Market Cap ($mm) 50,000 - 100,000 0.00% 0.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 06/30/2024 Valuation Characteristics Fund MSCI World Small Cap Index P/E 0-10 5.50% 13.87% P/E 10-15 12.32% 16.69% P/E 15-20 7.97% 12.97% P/E 20-25 19.77% 10.67% P/E 25-Above 41.18% 32.03% P/E – NA 13.26% 13.77% As of: 06/30/2024 Growth Characteristics Fund MSCI World Small Cap Index EPS Growth (Trailing 3-yr %) - Negative 24.34% 28.72% EPS Growth (Trailing 3-yr %) 0 - 5 5.28% 5.13% EPS Growth (Trailing 3-yr %) 5 - 10 13.31% 5.66% EPS Growth (Trailing 3-yr %) 10 - 15 6.37% 5.47% EPS Growth (Trailing 3-yr %) 15 - 20 7.84% 5.79% EPS Growth (Trailing 3-yr %) Above 20 22.96% 27.61% EPS Growth (Trailing 3-yr %) - NA 19.91% 21.61% As of: 06/30/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 06/30/2024 Webster Financial Corp 2.35% Casella Waste Systems Inc, Class A 2.35% CyberArk Software Ltd 2.28% Performance Food Group Co 2.28% Chemed Corp 2.27% National Storage Affiliates Trust 2.20% Regal Rexnord Corp 2.18% Universal Display Corp 2.11% JFrog Ltd 2.04% Synaptics Inc 1.96% % in Top 10 Holdings 22.04% View Holding Details Holding Details TimesSquare Global Small Cap Fund (TSYZX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 06/30/2024 Webster Financial Corp 2.35% Casella Waste Systems Inc, Class A 2.35% CyberArk Software Ltd 2.28% Performance Food Group Co 2.28% Chemed Corp 2.27% National Storage Affiliates Trust 2.20% Regal Rexnord Corp 2.18% Universal Display Corp 2.11% JFrog Ltd 2.04% Synaptics Inc 1.96% % in Top 10 Holdings 22.04% As of: 06/30/2024 Download All Holdings (PDF) As of: 07/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund PFGC Performance Food Group Co Consumer Staples S US USD 770 69.00 $53,130 2.60% WBS Webster Financial Corp Financials S US USD 970 49.62 $48,131 2.35% RRX Regal Rexnord Corp Industrials S US USD 290 160.68 $46,597 2.28% CWST Casella Waste Systems Inc, Class A Industrials S US USD 425 103.56 $44,013 2.15% CHE Chemed Corp Health Care S US USD 75 570.16 $42,762 2.09% 8972 KDX Realty Investment Corp, Class A Real Estate S JP JPY 40 1,030.98 $41,239 2.01% NSA National Storage Affiliates Trust Real Estate S US USD 960 42.57 $40,867 2.00% SAFT Safety Insurance Group Inc Financials S US USD 460 85.55 $39,353 1.92% CYBR CyberArk Software Ltd Information Technology S IL USD 150 256.38 $38,457 1.88% ARCO Arcos Dorados Holdings Inc, Class A Consumer Discretionary S UY USD 3,930 9.66 $37,964 1.85% FROG JFrog Ltd Information Technology S IL USD 975 38.56 $37,596 1.84% ESAB Esab Corp Industrials S US USD 370 101.60 $37,592 1.84% 3038 Kobe Bussan Co Ltd Consumer Staples S JP JPY 1,375 26.85 $36,917 1.80% SDF Steadfast Group Ltd Financials S AU AUD 8,575 4.24 $36,400 1.78% MTSI MACOM Technology Solutions Holdings Inc Information Technology S US USD 360 100.92 $36,331 1.78% WSC WillScot Holdings Corp Industrials S US USD 875 41.00 $35,875 1.75% BOW Bowhead Specialty Holdings Inc Financials S US USD 1,256 28.03 $35,206 1.72% SYNA Synaptics Inc Information Technology S US USD 400 87.32 $34,928 1.71% ASND Ascendis Pharma A/S ADR Health Care S DK USD 260 133.50 $34,710 1.70% EME EMCOR Group Inc Industrials S US USD 90 375.44 $33,790 1.65% OLED Universal Display Corp Information Technology S US USD 150 222.62 $33,393 1.63% ONTO Onto Innovation Inc Information Technology S US USD 170 191.30 $32,521 1.59% NICE Nice Ltd ADR Information Technology S IL USD 160 181.00 $28,960 1.41% BC Brunswick Corp Consumer Discretionary S US USD 355 81.45 $28,915 1.41% TTEK Tetra Tech Inc Industrials S US USD 135 213.24 $28,787 1.41% AZEK AZEK Co Inc, Class A Industrials S US USD 630 44.89 $28,281 1.38% 5838 Rakuten Bank Ltd Financials S JP JPY 1,250 22.28 $27,856 1.36% RNR RenaissanceRe Holdings Ltd Financials S BM USD 120 231.91 $27,829 1.36% SOP Sopra Steria Group Information Technology S FR EUR 150 185.36 $27,803 1.36% WK Workiva Inc, Class A Information Technology S US USD 370 73.77 $27,295 1.33% 8174 Nippon Gas Co Ltd Utilities S JP JPY 1,725 15.59 $26,889 1.31% RILBA Ringkjoebing Landbobank A/S Financials S DK DKK 150 176.99 $26,549 1.30% EHC Encompass Health Corp Health Care S US USD 280 92.94 $26,023 1.27% VIS Viscofan SA Consumer Staples S ES EUR 384 66.68 $25,604 1.25% 443060 HD Hyundai Marine Solution Co Ltd Industrials S KR KRW 260 98.42 $25,589 1.25% 4527 Rohto Pharmaceutical Co Ltd Consumer Staples S JP JPY 1,075 23.49 $25,251 1.23% WRBY Warby Parker Inc, Class A Consumer Discretionary S US USD 1,500 16.47 $24,705 1.21% 9336 Daiei Kankyo Co Ltd Industrials S JP JPY 1,250 19.13 $23,908 1.17% SFZN Siegfried Holding Ag Health Care S CH CHF 20 1,165.55 $23,311 1.14% JKHY Jack Henry & Associates Inc Financials S US USD 135 171.48 $23,150 1.13% WEIR Weir Group PLC Industrials S GB GBP 850 26.10 $22,189 1.08% AVNT Avient Corp Materials S US USD 470 45.24 $21,263 1.04% EXPO Exponent Inc Industrials S US USD 200 106.08 $21,216 1.04% 3088 MatsukiyoCocokara & Co Consumer Staples S JP JPY 1,300 16.31 $21,200 1.04% TATE Tate & Lyle PLC Consumer Staples S GB GBP 2,450 8.45 $20,709 1.01% 5842 Integral Corp Financials S JP JPY 750 27.25 $20,434 1.00% ERJ Embraer SA ADR Industrials S BR USD 650 31.06 $20,189 0.99% UTG UNITE Group PLC Real Estate S GB GBP 1,600 12.26 $19,612 0.96% IAS Integral Ad Science Holding Corp Communication Services S US USD 1,910 10.18 $19,444 0.95% NEX Nexans SA Industrials S FR EUR 150 129.25 $19,387 0.95% XENE Xenon Pharmaceuticals Inc Health Care S CA USD 440 43.13 $18,977 0.93% AUTO Auto Trader Group PLC 144A Communication Services S GB GBP 1,800 10.47 $18,855 0.92% TECN Tecan Group AG Health Care S CH CHF 50 373.42 $18,671 0.91% SAABB Saab AB [BPXZH27] Industrials S SE SEK 800 23.09 $18,473 0.90% VNT Ventia Services Group Pty Ltd Industrials S AU AUD 6,300 2.88 $18,138 0.89% STJ St James's Place PLC Financials S GB GBP 2,050 8.81 $18,058 0.88% WCC WESCO International Inc Industrials S US USD 102 174.95 $17,845 0.87% LOAR Loar Holdings Inc Industrials S US USD 281 62.50 $17,563 0.86% PJT PJT Partners Inc, Class A Financials S US USD 130 132.94 $17,282 0.84% DHG Dalata Hotel Group PLC Consumer Discretionary S IE EUR 3,700 4.45 $16,472 0.80% ARCAD Arcadis NV Industrials S NL EUR 225 71.42 $16,070 0.79% DPLM Diploma PLC Industrials S GB GBP 275 57.18 $15,723 0.77% ALAB Astera Labs Inc Information Technology S US USD 353 43.84 $15,476 0.76% 8111 Goldwin Inc Consumer Discretionary S JP JPY 250 61.59 $15,397 0.75% SAVE Nordnet AB publ Financials S SE SEK 750 20.43 $15,322 0.75% FBK FinecoBank Banca Fineco SpA Financials S IT EUR 900 16.98 $15,279 0.75% 2670 ABC-Mart Inc Consumer Discretionary S JP JPY 760 19.71 $14,981 0.73% 9090 AZ-COM MARUWA Holdings Inc Industrials S JP JPY 1,725 8.61 $14,855 0.73% KGX KION Group AG Industrials S DE EUR 366 39.55 $14,475 0.71% MODG Topgolf Callaway Brands Corp Consumer Discretionary S US USD 835 16.50 $13,778 0.67% PSI Pason Systems Inc Energy S CA CAD 1,150 11.85 $13,627 0.67% TE Technip Energies NV Energy S FR EUR 525 25.48 $13,375 0.65% GAW Games Workshop Group PLC Consumer Discretionary S GB GBP 100 132.63 $13,263 0.65% CIE CIE Automotive SA Consumer Discretionary S ES EUR 425 29.21 $12,414 0.61% 4373 Simplex Holdings Inc Information Technology S JP JPY 850 14.42 $12,255 0.60% OS Onestream Inc, Class A Information Technology S US USD 388 27.85 $10,806 0.53% ROR Rotork PLC Industrials S GB GBP 2,275 4.65 $10,588 0.52% TOTS3 Totvs SA Information Technology S BR BRL 2,133 4.92 $10,495 0.51% AFN Ag Growth International Inc Industrials S CA CAD 250 41.26 $10,316 0.50% IPH IPH Ltd Industrials S AU AUD 2,375 4.01 $9,532 0.47% AMP Amplifon SpA Health Care S IT EUR 300 31.76 $9,528 0.47% 215A Timee Inc Industrials S JP JPY 950 9.68 $9,195 0.45% HUH1V Huhtamaki Oyj Materials S FI EUR 220 40.52 $8,914 0.44% 2345 Accton Technology Corp Information Technology S TW TWD 550 15.68 $8,621 0.42% Cash & Equivalents Cash C US USD - - $22,027 1.08% Fund Holdings Sort order Avg. Weight Total Return Universal Display Corp 1 1.73% 24.99% Onto Innovation Inc 2 1.89% 21.25% HD Hyundai Marine Solution Co Ltd 3 0.10% 55.71% Warby Parker Inc, Class A 4 1.52% 18.00% Integral Corp 5 0.87% 29.76% MACOM Technology Solutions Holdings Inc 6 1.46% 16.55% Topdanmark A/S 7 0.63% 27.27% Impinj Inc 8 0.64% 28.29% Tetra Tech Inc 9 1.66% 10.81% National Storage Affiliates Trust 10 2.29% 6.27% As of: 06/30/2024 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Fund Holdings Sort order Avg. Weight Total Return Treace Medical Concepts, Inc. 20 0.52% -54.41% Nice Ltd ADR 19 1.80% -34.02% Regal Rexnord Corp 18 2.38% -24.78% Brunswick Corp 17 1.59% -24.34% Esab Corp 16 2.29% -14.55% Webster Financial Corp 15 2.36% -13.61% Chemed Corp 14 2.08% -15.43% WillScot Mobile Mini Holdings Corp, Class A 13 1.63% -19.05% Arcos Dorados Holdings Inc, Class A 12 1.68% -18.53% Driven Brands Holdings Inc 11 1.03% -19.38% As of: 06/30/2024 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: 06/30/2024 View Allocation Details Allocation Details TimesSquare Global Small Cap Fund (TSYZX) Sector Allocation (Equity) Investment Allocation Country Allocation Regional Allocation Top 10 Industries Sector Sort Order Fund MSCI World Small Cap Index Industrials 26.09% 19.94% Information Technology 18.50% 11.30% Financials 17.48% 15.07% Health Care 8.38% 9.64% Consumer Staples 8.02% 4.81% Consumer Discretionary 7.99% 13.34% Real Estate 4.58% 7.91% Communication Services 2.21% 2.96% Materials 2.17% 7.48% Cash & Other 1.59% 0.00% Energy 1.52% 5.05% Utilities 1.45% 2.50% As of: 06/30/2024 Investment Allocation 06/30/2024 Stocks 98.41% Bonds 0.00% Cash and Other 1.59% As of: 06/30/2024 Country Fund MSCI World Small Cap Index United States 45.00% 60.88% Japan 12.75% 12.20% United Kingdom 7.02% 5.39% Israel 5.86% 1.00% Australia 3.55% 3.33% Denmark 3.18% 0.84% France 2.66% 1.25% Canada 2.35% 3.81% Switzerland 2.09% 1.53% Spain 2.06% 0.63% Sweden 1.95% 2.05% Uruguay 1.67% 0.00% Brazil 1.58% 0.00% Bermuda 1.49% 0.00% Italy 1.34% 1.19% % in Top 15 Countries 94.55% 94.1% As of: 06/30/2024 Region Fund MSCI World Small Cap Index Developed 93.09% 100.00% Europe & Middle East 29.44% 18.16% North America 47.35% 64.69% Pacific 16.29% 17.15% Emerging 2.15% 0.00% Asia 0.57% 0.00% Latin America 1.58% 0.00% Europe & Middle East 0.00% 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 4.76% 0.00% As of: 06/30/2024 Industry Fund MSCI World Small Cap Index Software 7.80% 4.14% Semiconductors & Semiconductor Equipment 7.47% 2.42% Insurance 7.05% 2.96% Commercial Services & Supplies 5.63% 1.88% Banks 5.48% 5.95% Machinery 5.11% 5.03% Construction & Engineering 4.44% 2.22% Consumer Staples Distribution & Retail 4.34% 1.64% Health Care Providers & Services 4.13% 1.90% Capital Markets 3.70% 2.98% % in Top 10 Industries 55.15% 31.12% As of: 06/30/2024 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 DIRECTOR AND PORTFOLIO MANAGER Read full bio Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Read full bio Mark E. Grzymski PARNTER, PORTFOLIO MANAGER Read full bio Investment Approach Investment Approach TimesSquare Global Small Cap Fund The Fund seeks to outperform the MSCI World Small Cap Index over a full market cycle. TimesSquare’s investment team uses a bottom up, fundamental research-intensive approach to identify small cap stocks around the globe with the greatest potential to achieve price appreciation over a 12- to 18-month horizon. Related products Other Products From TimesSquare Capital Management TQENX TimesSquare Emerging Markets Small Cap Fund View Fund Details TCMPX TimesSquare International Small Cap Fund View Fund Details TMDPX TimesSquare Mid Cap Growth Fund View Fund Details TSCPX 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