Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class N N I Z NAV | as of 09/10/2024 $15.73 +$0.04 (+0.25%) Morningstar | Style Box V B G L M S Growth of $10,000 (Hypothetical) Since Inception 01/02/2013 to 08/31/2024 = $19,736.83 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 2023 Distributions View All Documents Investment Style 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 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 08/31/2024 Overall Rating (of 116) 3 Years (of 116) 5 Years (of 112) 10 Years (of 77) Category Foreign Small/Mid Growth 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. David A. Hirsh Director & Portfolio Manager/Analyst David is a Director, Portfolio Manager/Analyst – Europe, and Partner on TimesSquare’s International Small Cap team, which covers Developed, Emerging, and Frontier markets. Prior to joining TimesSquare in 2012, David was a Senior Principal at HawkStone Capital, focusing on Europe. Prior to HawkStone, David worked at Societe Generale, Kepler Equities, and Julius Baer with a focus on small to mid cap European stocks. He holds a BA 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: 1.27% Net Expense Ratio: 1.27% Expense Cap Expiration Date: N/A 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 $0.242600 $0.242600 — — Dec 15, 2022 $0.108900 $0.108900 — — Dec 15, 2021 $0.175000 $0.175000 — — Dec 16, 2019 $0.241700 $0.241700 — — Dec 27, 2018 $0.099900 $0.099900 — — Dec 27, 2017 $0.129800 $0.059600 $0.057900 $0.012300 Dec 27, 2016 $0.229500 $0.068100 $0.011100 $0.150300 Dec 28, 2015 $0.612200 $0.166000 $0.411600 $0.034600 Dec 26, 2014 $0.418600 $0.144300 $0.081400 $0.192900 Dec 26, 2013 $0.488000 $0.393500 $0.094500 — 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. -3.82 -2.82 -1.02 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. 18.60 20.51 17.55 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. -0.52 0.04 0.14 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. 84.53 84.08 93.14 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. 102.41 100.88 100.89 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. 0.96 0.99 1.00 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. 90.39 91.49 89.34 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. 5.82 5.99 5.73 View All Characteristics & Statistics All Characteristics & Statistics TimesSquare International Small Cap Fund (TCMPX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund MSCI EAFE Small Cap Index Fund Assets (Mil.$) $145 Number of Holdings 86 2,118 Weighted Avg. Market Cap (Mil.$) $3,984 $2,974 Median Market Cap (Mil.$) $3,684 $1,296 Weighted Avg. P/E (1-yr Forward EPS) 17.11 13.54 Weighted Avg. P/E (Trailing EPS) 20.07 14.40 PEG Ratio 1.49 1.02 Weighted Avg. P/B 2.71 1.34 EPS Growth (Trailing 3-yr %) 15.20% 6.20% EPS Growth (Trailing 5-yr %) 10.35% 6.34% Forward EPS Growth (1-yr %) 11.88% 4.91% Forward EPS Growth (Long Term %) 11.10% 11.05% Revenue Growth (Trailing 5-yr %) 7.71% 5.23% Return on Equity 16.12% 11.02% Weighted Avg. Dividend Yield 2.00% 2.94% Debt to Equity 57.37 69.17 Trailing 12-Months Portfolio Turnover 83.27% 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. -3.82 -2.82 -1.02 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. 18.60 20.51 17.55 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. -0.52 0.04 0.14 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. 84.53 84.08 93.14 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. 102.41 100.88 100.89 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. 0.96 0.99 1.00 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. 90.39 91.49 89.34 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. 5.82 5.99 5.73 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 -0.54 -0.22 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. -10.03 0.90 2.47 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. -41.28 -41.28 -41.28 As of: 08/31/2024 Market Cap Fund MSCI EAFE Small Cap Index Market Cap ($mm) 0 - 1,000 5.30% 13.49% Market Cap ($mm) 1,000 - 1,500 10.23% 11.85% Market Cap ($mm) 1,500 - 2,500 14.51% 22.00% Market Cap ($mm) 2,500 - 5,000 51.61% 38.86% Market Cap ($mm) 5,000 - 10,000 14.79% 13.80% Market Cap ($mm) 10,000 - 25,000 3.56% 0.00% Market Cap ($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 ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 06/30/2024 Valuation Characteristics Fund MSCI EAFE Small Cap Index P/E 0-10 3.95% 17.07% P/E 10-15 20.33% 20.40% P/E 15-20 16.09% 16.77% P/E 20-25 14.73% 11.62% P/E 25-Above 40.24% 27.94% P/E – NA 4.66% 6.19% As of: 06/30/2024 Growth Characteristics Fund MSCI EAFE Small Cap Index EPS Growth (Trailing 3-yr %) - Negative 16.59% 35.93% EPS Growth (Trailing 3-yr %) 0 - 5 8.40% 6.89% EPS Growth (Trailing 3-yr %) 5 - 10 11.02% 5.15% EPS Growth (Trailing 3-yr %) 10 - 15 9.47% 7.46% EPS Growth (Trailing 3-yr %) 15 - 20 9.05% 4.46% EPS Growth (Trailing 3-yr %) Above 20 34.81% 27.21% EPS Growth (Trailing 3-yr %) - NA 10.66% 12.90% As of: 06/30/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 06/30/2024 Rakuten Bank Ltd 2.48% Nippon Gas Co Ltd 2.44% Siegfried Holding Ag 2.43% Viscofan SA 2.41% Integral Corp 2.23% Ringkjoebing Landbobank A/S 2.19% Steadfast Group Ltd 2.06% CyberArk Software Ltd 1.99% Tate & Lyle PLC 1.99% Rohto Pharmaceutical Co Ltd 1.95% % in Top 10 Holdings 22.17% View Holding Details Holding Details TimesSquare International Small Cap Fund (TCMPX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 06/30/2024 Rakuten Bank Ltd 2.48% Nippon Gas Co Ltd 2.44% Siegfried Holding Ag 2.43% Viscofan SA 2.41% Integral Corp 2.23% Ringkjoebing Landbobank A/S 2.19% Steadfast Group Ltd 2.06% CyberArk Software Ltd 1.99% Tate & Lyle PLC 1.99% Rohto Pharmaceutical Co Ltd 1.95% % in Top 10 Holdings 22.17% As of: 06/30/2024 Download All Holdings (PDF) As of: 07/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund 5838 Rakuten Bank Ltd Financials S JP JPY 176,400 22.28 $3,931,041 2.59% SFZN Siegfried Holding Ag Health Care S CH CHF 3,290 1,165.55 $3,834,670 2.53% 8174 Nippon Gas Co Ltd Utilities S JP JPY 233,910 15.59 $3,646,177 2.40% RILBA Ringkjoebing Landbobank A/S Financials S DK DKK 18,920 176.99 $3,348,727 2.21% VIS Viscofan SA Consumer Staples S ES EUR 48,614 66.68 $3,241,480 2.13% 4527 Rohto Pharmaceutical Co Ltd Consumer Staples S JP JPY 134,750 23.49 $3,165,131 2.08% OR Osisko Gold Royalties Ltd Materials S CA CAD 179,500 17.54 $3,147,572 2.07% TATE Tate & Lyle PLC Consumer Staples S GB GBP 367,774 8.45 $3,108,607 2.05% 3038 Kobe Bussan Co Ltd Consumer Staples S JP JPY 115,488 26.85 $3,100,721 2.04% 9336 Daiei Kankyo Co Ltd Industrials S JP JPY 150,270 19.13 $2,874,176 1.89% 5842 Integral Corp Financials S JP JPY 105,220 27.25 $2,866,720 1.89% TE Technip Energies NV Energy S FR EUR 112,340 25.48 $2,862,029 1.89% 8972 KDX Realty Investment Corp, Class A Real Estate S JP JPY 2,630 1,030.98 $2,711,467 1.79% SDF Steadfast Group Ltd Financials S AU AUD 635,973 4.24 $2,699,634 1.78% UTG UNITE Group PLC Real Estate S GB GBP 219,530 12.26 $2,690,830 1.77% KCR Konecranes Oyj, Class A Industrials S FI EUR 38,110 69.85 $2,662,110 1.75% 9744 MEITEC Group Holdings Inc Industrials S JP JPY 109,400 22.58 $2,470,261 1.63% ACX Acerinox SA Materials S ES EUR 227,000 10.51 $2,385,203 1.57% 6141 DMG Mori Co Ltd Industrials S JP JPY 90,100 25.44 $2,292,552 1.51% CYBR CyberArk Software Ltd Information Technology S IL USD 8,920 256.38 $2,286,910 1.51% TECN Tecan Group AG Health Care S CH CHF 6,050 373.42 $2,259,168 1.49% BOY Bodycote PLC Industrials S GB GBP 251,519 8.94 $2,249,755 1.48% DHG Dalata Hotel Group PLC Consumer Discretionary S IE EUR 496,566 4.45 $2,210,693 1.46% CRW Craneware PLC Health Care S GB GBP 74,230 29.57 $2,194,807 1.45% SOP Sopra Steria Group Information Technology S FR EUR 11,743 185.36 $2,176,627 1.43% 6368 Organo Corp Industrials S JP JPY 47,010 45.36 $2,132,144 1.40% QTCOM Qt Group Oyj Information Technology S FI EUR 23,900 88.99 $2,126,853 1.40% AUTO Auto Trader Group PLC 144A Communication Services S GB GBP 202,020 10.47 $2,116,132 1.39% 2670 ABC-Mart Inc Consumer Discretionary S JP JPY 106,310 19.71 $2,095,555 1.38% SAABB Saab AB [BPXZH27] Industrials S SE SEK 89,980 23.09 $2,077,731 1.37% AMBUB Ambu A/S, Class B Health Care S DK DKK 102,180 20.31 $2,074,904 1.37% ALQ ALS Ltd Industrials S AU AUD 201,330 10.12 $2,038,313 1.34% MRL Merlin Properties Socimi SA Real Estate S ES EUR 174,380 11.42 $1,991,399 1.31% ROR Rotork PLC Industrials S GB GBP 424,220 4.65 $1,974,351 1.30% DPLM Diploma PLC Industrials S GB GBP 33,880 57.18 $1,937,098 1.28% BELA JUMBO SA Consumer Discretionary S GR EUR 72,230 26.80 $1,935,512 1.27% HWDN Howden Joinery Group PLC Industrials S GB GBP 158,383 12.09 $1,914,881 1.26% ARCO Arcos Dorados Holdings Inc, Class A Consumer Discretionary S UY USD 193,320 9.66 $1,867,471 1.23% SPIE SPIE SA Industrials S FR EUR 47,520 38.65 $1,836,881 1.21% NEX Nexans SA Industrials S FR EUR 13,300 129.25 $1,718,975 1.13% HEM Hemnet Group Ab Communication Services S SE SEK 45,500 36.96 $1,681,629 1.11% ARCAD Arcadis NV Industrials S NL EUR 23,260 71.42 $1,661,256 1.09% 1910 Samsonite International SA 144A Consumer Discretionary S US HKD 569,660 2.88 $1,642,755 1.08% 2345 Accton Technology Corp Information Technology S TW TWD 103,540 15.68 $1,623,018 1.07% 3774 Internet Initiative Japan Inc Communication Services S JP JPY 94,230 16.91 $1,593,575 1.05% FBK FinecoBank Banca Fineco SpA Financials S IT EUR 89,853 16.98 $1,525,365 1.00% 3543 KOMEDA Holdings Co Ltd Consumer Discretionary S JP JPY 82,110 17.93 $1,472,036 0.97% HUH1V Huhtamaki Oyj Materials S FI EUR 35,330 40.52 $1,431,552 0.94% STJ St James's Place PLC Financials S GB GBP 162,300 8.81 $1,429,663 0.94% DAN Danieli & C Officine Meccaniche SpA Industrials S IT EUR 36,310 38.96 $1,414,674 0.93% VNT Ventia Services Group Pty Ltd Industrials S AU AUD 489,400 2.88 $1,409,007 0.93% IPH IPH Ltd Industrials S AU AUD 326,270 4.01 $1,309,534 0.86% IDR Indra Sistemas SA Information Technology S ES EUR 64,260 20.05 $1,288,663 0.85% GAW Games Workshop Group PLC Consumer Discretionary S GB GBP 9,420 132.63 $1,249,413 0.82% 8111 Goldwin Inc Consumer Discretionary S JP JPY 19,890 61.59 $1,224,984 0.81% 7716 Nakanishi Inc Health Care S JP JPY 70,670 17.27 $1,220,809 0.80% YUBICO Yubico AB Information Technology S SE SEK 48,000 25.28 $1,213,324 0.80% SAVE Nordnet AB publ Financials S SE SEK 58,317 20.43 $1,191,414 0.78% 9090 AZ-COM MARUWA Holdings Inc Industrials S JP JPY 136,810 8.61 $1,178,156 0.78% 6845 Azbil Corp Information Technology S JP JPY 38,400 29.06 $1,115,873 0.73% PSI Pason Systems Inc Energy S CA CAD 94,130 11.85 $1,115,393 0.73% 4180 Appier Group Inc Information Technology S JP JPY 132,400 8.29 $1,097,630 0.72% IMD Imdex Ltd Materials S AU AUD 700,300 1.50 $1,052,163 0.69% 7649 Sugi Holdings Co Ltd Consumer Staples S JP JPY 60,001 17.28 $1,036,756 0.68% 4419 Finatext Holdings Ltd Information Technology S JP JPY 155,080 6.67 $1,035,071 0.68% CIE CIE Automotive SA Consumer Discretionary S ES EUR 34,717 29.21 $1,014,064 0.67% AFN Ag Growth International Inc Industrials S CA CAD 24,520 41.26 $1,011,773 0.67% R3NK RENK Group AG Industrials S DE EUR 35,610 28.37 $1,010,105 0.67% IPS IPSOS SA Communication Services S FR EUR 16,310 61.72 $1,006,608 0.66% 443060 HD Hyundai Marine Solution Co Ltd Industrials S KR KRW 10,100 98.42 $994,044 0.65% NVMI Nova Ltd Information Technology S IL USD 4,760 206.47 $982,797 0.65% BCG Baltic Classifieds Group PLC Communication Services S LT GBP 274,560 3.48 $956,628 0.63% AMP Amplifon SpA Health Care S IT EUR 28,765 31.76 $913,588 0.60% CAR CAR Group Ltd Communication Services S AU AUD 39,684 22.87 $907,594 0.60% FNOX Fortnox AB Information Technology S SE SEK 137,800 6.18 $851,955 0.56% WAF Siltronic AG Information Technology S DE EUR 10,000 81.55 $815,544 0.54% PAGS Pagseguro Digital Ltd, Class A Financials S BR USD 62,920 12.78 $804,118 0.53% 4373 Simplex Holdings Inc Information Technology S JP JPY 53,270 14.42 $768,003 0.51% JUN3 Jungheinrich AG Industrials S DE EUR 21,690 31.65 $686,594 0.45% ATE Alten SA Information Technology S FR EUR 6,200 109.98 $681,888 0.45% 215A Timee Inc Industrials S JP JPY 65,770 9.68 $636,604 0.42% 6526 Socionext Inc Information Technology S JP JPY 27,540 20.19 $556,133 0.37% IP Interpump Group SpA Industrials S IT EUR 9,217 43.37 $399,726 0.26% Cash & Equivalents Cash C US USD - - $3,363,858 2.22% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Integral Corp 1 1.70% 29.76% Topdanmark A/S 2 1.26% 27.27% Keywords Studios PLC 3 0.65% 77.83% HD Hyundai Marine Solution Co Ltd 4 0.10% 55.71% Ambu A/S, Class B 5 1.34% 17.13% Nova Ltd 6 0.93% 32.22% Auto Trader Group PLC 144A 7 1.63% 14.50% Accton Technology Corp 8 1.06% 18.25% Nexans SA 9 1.75% 7.06% Nordnet AB publ 10 1.04% 16.70% 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. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Internet Initiative Japan Inc 20 1.36% -21.39% RENK Group AG 19 0.78% -31.13% Sopra Steria Group 18 1.78% -18.64% Nippon Gas Co Ltd 17 2.33% -11.48% Samsonite International SA 144A 16 1.24% -18.75% Arcos Dorados Holdings Inc, Class A 15 1.29% -18.53% Goldwin Inc 14 0.96% -15.51% SMS Co Ltd 13 0.54% -25.76% Ag Growth International Inc 12 0.90% -15.17% Technip Energies NV 11 1.89% -9.35% 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 International Small Cap Fund (TCMPX) Sector Allocation (Equity) Investment Allocation Country Allocation Regional Allocation Top 10 Industries Sector Sort Order Fund MSCI EAFE Small Cap Index Industrials 26.44% 23.33% Financials 13.11% 12.44% Information Technology 12.15% 10.01% Consumer Discretionary 9.64% 12.50% Health Care 8.18% 5.83% Consumer Staples 7.70% 6.22% Communication Services 6.08% 3.74% Materials 5.21% 9.41% Real Estate 4.34% 10.60% Energy 2.62% 3.32% Utilities 2.44% 2.61% Cash & Other 2.09% 0.00% As of: 06/30/2024 Investment Allocation 06/30/2024 Stocks 97.91% Bonds 0.00% Cash and Other 2.09% As of: 06/30/2024 Country Fund MSCI EAFE Small Cap Index Japan 27.15% 34.56% United Kingdom 14.00% 15.26% France 6.90% 3.54% Australia 6.81% 9.43% Spain 6.54% 1.77% Denmark 4.66% 2.38% Finland 4.05% 1.26% Switzerland 3.83% 4.32% Sweden 3.48% 5.81% Canada 3.33% 0.00% Israel 3.05% 2.82% Italy 2.87% 3.37% Ireland 2.13% 0.29% Germany 1.95% 4.03% Greece 1.44% 0.00% % in Top 15 Countries 92.19% 88.84% As of: 06/30/2024 Region Fund MSCI EAFE Small Cap Index Developed 92.95% 100.00% Europe & Middle East 54.49% 51.44% North America 4.50% 0.00% Pacific 33.95% 48.56% Emerging 3.24% 0.00% Asia 1.30% 0.00% Latin America 0.51% 0.00% Europe & Middle East 1.44% 0.00% Africa 0.00% 0.00% Frontier 0.51% 0.00% Africa 0.00% 0.00% Asia 0.00% 0.00% Europe 0.51% 0.00% Latin America 0.00% 0.00% Middle East 0.00% 0.00% Cash & Other 3.30% 0.00% As of: 06/30/2024 Industry Fund MSCI EAFE Small Cap Index Machinery 11.03% 7.09% Banks 5.59% 4.65% Professional Services 5.22% 1.51% IT Services 4.63% 2.34% Software 4.40% 1.86% Food Products 4.40% 2.93% Hotels, Restaurants & Leisure 4.06% 2.84% Metals & Mining 3.91% 3.45% Capital Markets 3.85% 3.56% Life Sciences Tools & Services 3.83% 0.77% % in Top 10 Industries 50.92% 31% 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 David A. Hirsh Director & Portfolio Manager/Analyst Read full bio Investment Approach Investment Approach 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 TQENX TimesSquare Emerging Markets Small Cap Fund View Fund Details TSYNX TimesSquare Global 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