Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class Z N I Z NAV | as of 04/23/2025 $16.24 +$0.27 (+1.69%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 481 Mid-Cap Growth funds as of 03/31/2025 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 03/04/2005 to 03/31/2025 = $72,424.38 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 investing primarily in mid cap companies. Why Consider May be appropriate for investors looking to gain exposure to mid cap companies TimesSquare leverages its wealth of experience investing in growing companies climbing the capitalization ladder, 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 2024 Distributions View All Documents Investment Style AMG TimesSquare Mid Cap Growth Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective AMG TimesSquare Mid Cap Growth Fund is categorized as Mid-Growth. It invests in medium-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 03/31/2025 Overall Rating (of 481) 3 Years (of 481) 5 Years (of 447) 10 Years (of 358) Category Mid-Cap Growth Read Important Investment Disclosures Sonu Chawla DIRECTOR, PORTFOLIO MANAGER/ANALYST, AND PARTNER Ms. Chawla has served as co-manager of the Fund since May 2022. She is a Director, Portfolio Manager/Analyst, and Partner in TimesSquare’s growth equity group and has 22 years of experience. She is responsible for research coverage of the Software, Technology Services, and Internet & Communications sectors within the technology, media, and telecommunications (“TMT”) industry. Ms. Chawla joined TimesSquare in August 2018 from Pine River Capital Management, a multi-strategy hedge fund where she was a Senior Analyst covering TMT sectors across Software, Internet, Services, Hardware, and Telecom. Her previous research analyst experiences were as a Senior TMT Analyst at Surveyor Capital platform of Citadel and an Analyst at Fred Alger Management. Ms. Chawla has an MS in mathematics and computer science from Indian Institute of Technology, Delhi, and an MBA from Kellogg School of Management at Northwestern University. She is a member of the CFA Institute and the CFA Society New York. Ms. Chawla is conversational in Hindi. 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. 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: 0.86% Net Expense Ratio: 0.86% Expense Cap Expiration Date: N/A 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, 2024 $1.380000 — — $1.380000 Dec 14, 2023 $0.660500 — — $0.660500 Dec 15, 2022 $0.509600 — — $0.509600 Dec 15, 2021 $5.465700 $0.036000 $0.522100 $4.907600 Dec 16, 2020 $3.775200 — $0.137400 $3.637800 Dec 16, 2019 $2.855600 — $0.058700 $2.796900 Dec 27, 2018 $2.535500 — $0.290200 $2.245300 Dec 27, 2017 $2.724000 — $0.270500 $2.453500 Dec 27, 2016 $1.038700 $0.008900 — $1.029800 Dec 28, 2015 $1.340100 — — $1.340100 Dec 26, 2014 $0.947300 — $0.063700 $0.883600 Dec 26, 2013 $2.065800 — $0.100400 $1.965400 Dec 26, 2012 $0.778300 — — $0.778300 Dec 27, 2011 $0.438100 — — $0.438100 Dec 26, 2008 $0.090260 $0.002300 $0.044530 $0.043430 Dec 26, 2007 $0.833500 $0.037800 $0.431700 $0.364000 Dec 26, 2006 $0.193200 $0.000500 $0.135300 $0.057400 Dec 27, 2005 $0.057000 $0.018000 $0.039000 — From: To: Risk & Return Statistics As of: 03/31/2025 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. -0.47 1.97 1.18 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. 18.15 18.53 16.65 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. 0.02 0.65 0.50 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. 74.78 79.71 74.34 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. 88.94 90.52 94.78 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. 0.82 0.84 0.87 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. 95.65 95.29 95.62 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. 5.53 5.29 4.27 View All Characteristics & Statistics All Characteristics & Statistics AMG TimesSquare Mid Cap Growth Fund (TMDIX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell Midcap® Growth Index Fund Assets (Mil.$) $1,364 Number of Holdings 70 288 Weighted Avg. Market Cap (Mil.$) $32,252 $40,496 Median Market Cap (Mil.$) $21,424 $11,996 Weighted Avg. P/E (1-yr Forward EPS) 27.64 25.57 Weighted Avg. P/E (Trailing EPS) 28.37 30.11 PEG Ratio 2.01 1.86 Weighted Avg. P/B 5.70 8.02 EPS Growth (Trailing 3-yr %) 17.07% 18.06% EPS Growth (Trailing 5-yr %) 23.05% 21.39% Forward EPS Growth (1-yr %) 9.44% 13.03% Forward EPS Growth (Long Term %) 15.26% 15.61% Revenue Growth (Trailing 5-yr %) 18.33% 19.93% Return on Equity 18.19% 27.52% Weighted Avg. Dividend Yield 0.52% 0.62% Debt to Equity 90.78 134.37 Trailing 12-Months Portfolio Turnover 57.96% As of: 03/31/2025 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. -0.47 1.97 1.18 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. 18.15 18.53 16.65 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. 0.02 0.65 0.50 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. 74.78 79.71 74.34 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. 88.94 90.52 94.78 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. 0.82 0.84 0.87 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. 95.65 95.29 95.62 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. 5.53 5.29 4.27 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. -0.25 -0.01 0.01 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. 0.45 14.42 9.52 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. -17.45 -25.88 -25.88 As of: 03/31/2025 Market Cap Fund Russell Midcap® Growth Index Market Cap ($mm) 0 - 1,000 0.00% 0.04% Market Cap ($mm) 1,000 - 1,500 0.97% 0.00% Market Cap ($mm) 1,500 - 2,500 0.88% 0.29% Market Cap ($mm) 2,500 - 5,000 3.45% 2.04% Market Cap ($mm) 5,000 - 10,000 15.22% 9.60% Market Cap ($mm) 10,000 - 25,000 24.70% 28.02% Market Cap ($mm) 25,000 - 50,000 34.46% 45.19% Market Cap ($mm) 50,000 - 100,000 20.32% 8.63% Market Cap ($mm) 100,000 - 200,000 0.00% 6.19% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 03/31/2025 Valuation Characteristics Fund Russell Midcap® Growth Index P/E 0-10 2.23% 0.91% P/E 10-15 6.27% 5.62% P/E 15-20 7.09% 13.96% P/E 20-25 6.54% 9.35% P/E 25-Above 65.91% 61.65% P/E – NA 11.96% 8.51% As of: 03/31/2025 Growth Characteristics Fund Russell Midcap® Growth Index EPS Growth (Trailing 3-yr %) - Negative 16.52% 12.88% EPS Growth (Trailing 3-yr %) 0 - 5 1.02% 3.67% EPS Growth (Trailing 3-yr %) 5 - 10 9.95% 8.25% EPS Growth (Trailing 3-yr %) 10 - 15 10.38% 8.90% EPS Growth (Trailing 3-yr %) 15 - 20 10.06% 7.27% EPS Growth (Trailing 3-yr %) Above 20 21.26% 27.67% EPS Growth (Trailing 3-yr %) - NA 30.82% 31.37% As of: 03/31/2025 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 03/31/2025 Cencora Inc 2.97% HubSpot Inc 2.88% Verisk Analytics Inc, Class A 2.72% Cheniere Energy Inc 2.65% Veeva Systems Inc, Class A 2.36% EMCOR Group Inc 2.33% O'Reilly Automotive Inc 2.20% CyberArk Software Ltd 2.16% Gartner Inc 2.09% TPG Inc, Class A 2.02% % in Top 10 Holdings 24.36% View Holding Details Holding Details AMG TimesSquare Mid Cap Growth Fund (TMDIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 03/31/2025 Cencora Inc 2.97% HubSpot Inc 2.88% Verisk Analytics Inc, Class A 2.72% Cheniere Energy Inc 2.65% Veeva Systems Inc, Class A 2.36% EMCOR Group Inc 2.33% O'Reilly Automotive Inc 2.20% CyberArk Software Ltd 2.16% Gartner Inc 2.09% TPG Inc, Class A 2.02% % in Top 10 Holdings 24.36% As of: 03/31/2025 Download All Holdings (PDF) As of: 03/31/2025 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund COR Cencora Inc Health Care S US USD 145,500 278.09 $40,462,095 2.97% HUBS HubSpot Inc Information Technology S US USD 68,800 571.29 $39,304,752 2.88% VRSK Verisk Analytics Inc, Class A Industrials S US USD 124,493 297.62 $37,051,607 2.72% LNG Cheniere Energy Inc Energy S US USD 156,400 231.40 $36,190,960 2.65% VEEV Veeva Systems Inc, Class A Health Care S US USD 138,785 231.63 $32,146,770 2.36% EME EMCOR Group Inc Industrials S US USD 85,830 369.63 $31,725,343 2.33% ORLY O'Reilly Automotive Inc Consumer Discretionary S US USD 20,960 1,432.58 $30,026,877 2.20% CYBR CyberArk Software Ltd Information Technology S IL USD 86,995 338.00 $29,404,310 2.16% IT Gartner Inc Information Technology S US USD 67,925 419.74 $28,510,840 2.09% TPG TPG Inc, Class A Financials S US USD 580,220 47.43 $27,519,835 2.02% MPWR Monolithic Power Systems Inc Information Technology S US USD 45,600 579.98 $26,447,088 1.94% CTAS Cintas Corp Industrials S US USD 127,820 205.53 $26,270,845 1.93% APP AppLovin Corp, Class A Information Technology S US USD 99,091 264.97 $26,256,142 1.92% IDXX IDEXX Laboratories Inc Health Care S US USD 62,300 419.95 $26,162,885 1.92% ALL Allstate Corp Financials S US USD 118,493 207.07 $24,536,346 1.80% ARGX Argenx SE ADR Health Care S NL USD 40,150 591.87 $23,763,380 1.74% ROST Ross Stores Inc Consumer Discretionary S US USD 185,600 127.79 $23,717,824 1.74% PINS Pinterest Inc, Class A Communication Services S US USD 699,800 31.00 $21,693,800 1.59% TSCO Tractor Supply Co Consumer Discretionary S US USD 392,300 55.10 $21,615,730 1.58% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 186,352 114.10 $21,262,763 1.56% TTAN ServiceTitan Inc, Class A Information Technology S US USD 223,296 95.11 $21,237,683 1.56% FROG JFrog Ltd Information Technology S IL USD 663,057 32.00 $21,217,824 1.56% DASH DoorDash Inc, Class A Consumer Discretionary S US USD 114,890 182.77 $20,998,445 1.54% IBKR Interactive Brokers Group Inc, Class A Financials S US USD 124,914 165.59 $20,684,509 1.52% DT Dynatrace Inc Information Technology S US USD 437,150 47.15 $20,611,623 1.51% AXON Axon Enterprise Inc Industrials S US USD 39,100 525.95 $20,564,645 1.51% CRWD Crowdstrike Holdings Inc, Class A Information Technology S US USD 57,501 352.58 $20,273,703 1.49% CW Curtiss-Wright Corp Industrials S US USD 63,204 317.27 $20,052,733 1.47% TYL Tyler Technologies Inc Information Technology S US USD 34,400 581.39 $19,999,816 1.47% WCN Waste Connections Inc Industrials S US USD 100,475 195.19 $19,611,715 1.44% HOOD Robinhood Markets Inc, Class A Financials S US USD 466,205 41.62 $19,403,452 1.42% CSGP CoStar Group Inc Real Estate S US USD 240,980 79.23 $19,092,845 1.40% TRGP Targa Resources Corp Energy S US USD 88,300 200.47 $17,701,501 1.30% POOL Pool Corp Consumer Discretionary S US USD 55,380 318.35 $17,630,223 1.29% ROK Rockwell Automation Inc Industrials S US USD 68,130 258.38 $17,603,429 1.29% LSCC Lattice Semiconductor Corp Information Technology S US USD 323,800 52.45 $16,983,310 1.24% RRX Regal Rexnord Corp Industrials S US USD 147,394 113.85 $16,780,807 1.23% PR Permian Resources Corp, Class A Energy S US USD 1,203,200 13.85 $16,664,320 1.22% MLM Martin Marietta Materials Inc Materials S US USD 34,700 478.13 $16,591,111 1.22% RPM RPM International Inc Materials S US USD 138,100 115.68 $15,975,408 1.17% TRMB Trimble Inc Information Technology S US USD 243,300 65.65 $15,972,645 1.17% PFGC Performance Food Group Co Consumer Staples S US USD 200,600 78.63 $15,773,178 1.16% GFL GFL Environmental Inc Industrials S CA USD 325,104 48.31 $15,705,774 1.15% NICE Nice Ltd ADR Information Technology S IL USD 98,320 154.17 $15,157,994 1.11% APH Amphenol Corp, Class A Information Technology S US USD 228,340 65.59 $14,976,821 1.10% ESTC Elastic NV Information Technology S US USD 164,995 89.10 $14,701,055 1.08% BRO Brown & Brown Inc Financials S US USD 114,718 124.40 $14,270,919 1.05% BSY Bentley Systems Inc, Class B Information Technology S US USD 354,500 39.34 $13,946,030 1.02% ESAB Esab Corp Industrials S US USD 116,000 116.50 $13,514,000 0.99% AME AMETEK Inc Industrials S US USD 77,000 172.14 $13,254,780 0.97% SAIA Saia Inc Industrials S US USD 37,420 349.43 $13,075,671 0.96% RNR RenaissanceRe Holdings Ltd Financials S BM USD 54,100 240.00 $12,984,000 0.95% FND Floor & Decor Holdings Inc, Class A Consumer Discretionary S US USD 160,100 80.47 $12,883,247 0.94% STVN Stevanato Group SpA Health Care S IT USD 630,156 20.42 $12,867,786 0.94% LOAR Loar Holdings Inc Industrials S US USD 179,630 70.65 $12,690,860 0.93% FICO Fair Isaac Corp Information Technology S US USD 6,780 1,844.16 $12,503,405 0.92% TTWO Take-Two Interactive Software Inc Communication Services S US USD 59,900 207.25 $12,414,275 0.91% INSP Inspire Medical Systems Inc Health Care S US USD 77,893 159.28 $12,406,797 0.91% HXL Hexcel Corp Industrials S US USD 223,900 54.76 $12,260,764 0.90% EFX Equifax Inc Industrials S US USD 48,089 243.56 $11,712,557 0.86% OS Onestream Inc, Class A Information Technology S US USD 548,515 21.34 $11,705,310 0.86% WH Wyndham Hotels & Resorts Inc Consumer Discretionary S US USD 128,100 90.51 $11,594,331 0.85% PCTY Paylocity Holding Corp Industrials S US USD 61,200 187.34 $11,465,208 0.84% INSM Insmed Inc Health Care S US USD 150,200 76.29 $11,458,758 0.84% EHC Encompass Health Corp Health Care S US USD 112,600 101.28 $11,404,128 0.84% MRVL Marvell Technology Inc Information Technology S US USD 174,360 61.57 $10,735,345 0.79% IOT Samsara Inc, Class A Information Technology S US USD 275,500 38.33 $10,559,915 0.77% WSO Watsco Inc Industrials S US USD 20,200 508.30 $10,267,660 0.75% RGEN Repligen Corp Health Care S US USD 75,470 127.24 $9,602,803 0.70% XYZ Block Inc, Class A Financials S US USD 83,600 54.33 $4,541,988 0.33% Cash & Equivalents Cash C US USD - - $34,085,843 2.50% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Cencora Inc 1 2.81% 23.97% Robinhood Markets Inc, Class A 2 1.55% 11.70% BJ's Wholesale Club Holdings Inc 3 1.50% 27.70% O'Reilly Automotive Inc 4 1.93% 20.81% Intra-Cellular Therapies, Inc. 5 0.33% 52.73% Oklo Inc. Class A 6 0.18% 52.57% Cheniere Energy Inc 7 2.38% 7.87% Cintas Corp 8 2.01% 12.65% Veeva Systems Inc, Class A 9 2.18% 10.17% Brown & Brown Inc 10 0.94% 22.06% As of: 03/31/2025 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 HubSpot Inc 20 3.33% -18.01% TPG Inc, Class A 19 2.24% -24.03% Marvell Technology Inc 18 1.15% -44.23% Teradyne, Inc. 17 1.56% -30.45% EMCOR Group Inc 16 2.31% -18.54% Regal Rexnord Corp 15 1.42% -26.45% AppLovin Corp, Class A 14 2.13% -18.18% Gartner Inc 13 2.26% -13.36% Ross Stores Inc 12 1.80% -15.33% Dynatrace Inc 11 1.65% -13.25% As of: 03/31/2025 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 Sector Allocation (Equity) As of: 03/31/2025 View Allocation Details Allocation Details AMG TimesSquare Mid Cap Growth Fund (TMDIX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell Midcap® Growth Index Information Technology 28.62% 26.93% Industrials 22.25% 17.41% Health Care 13.21% 13.56% Consumer Discretionary 10.15% 14.29% Financials 9.08% 12.72% Energy 5.17% 4.88% Consumer Staples 2.71% 2.25% Cash & Other 2.50% 0.00% Communication Services 2.50% 3.94% Materials 2.39% 1.11% Real Estate 1.40% 1.22% Utilities 0.00% 1.70% As of: 03/31/2025 Investment Allocation 03/31/2025 Stocks 97.50% Bonds 0.00% Cash and Other 2.50% As of: 03/31/2025 Industry Fund Russell Midcap® Growth Index Software 20.30% 17.99% Specialty Retail 6.47% 3.92% Oil, Gas & Consumable Fuels 5.17% 4.74% Capital Markets 4.96% 6.73% Aerospace & Defense 4.81% 2.70% Commercial Services & Supplies 4.51% 0.98% Professional Services 4.41% 4.36% Semiconductors & Semiconductor Equipment 3.97% 2.56% Health Care Providers & Services 3.80% 3.13% Insurance 3.80% 1.93% % in Top 10 Industries 62.2% 49.04% As of: 03/31/2025 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 Sonu Chawla DIRECTOR, PORTFOLIO MANAGER/ANALYST, AND PARTNER Read full bio Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Read full bio Investment Approach Investment Approach AMG TimesSquare Mid Cap Growth Fund The Fund seeks to outperform the Russell Midcap® Growth Index in a risk-controlled manner. The TimesSquare portfolio management team uses a bottom-up, fundamental research-intensive approach to identify mid cap growth stocks that it believes have the greatest potential to achieve significant price appreciation over a 12- to 18-month horizon. The Fund typically invests in companies within the market cap range of the Russell Midcap® Index at time of purchase. Related products Other Products From TimesSquare Capital Management TCMPX AMG TimesSquare International Small Cap 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