Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class N N I Z NAV | as of 01/16/2025 $16.37 +$0.13 (+0.80%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 479 Mid-Cap Growth funds as of 12/31/2024 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 03/04/2005 to 12/31/2024 = $72,288.38 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 2023 Distributions View All Documents Investment Style 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 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 12/31/2024 Overall Rating (of 479) 3 Years (of 479) 5 Years (of 440) 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: 1.06% Net Expense Ratio: 1.06% 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 16, 2024 $1.380000 — — $1.380000 Dec 14, 2023 $0.660500 — — $0.660500 Dec 15, 2022 $0.509600 — — $0.509600 Dec 15, 2021 $5.429700 — $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 $1.008800 — — $1.008800 Dec 28, 2015 $1.316000 — — $1.316000 Dec 26, 2014 $0.932700 — $0.062800 $0.869900 Dec 26, 2013 $2.037000 — $0.099000 $1.938000 Dec 26, 2012 $0.768200 — — $0.768200 Dec 27, 2011 $0.434000 — — $0.434000 Dec 26, 2008 $0.087460 — $0.044330 $0.043130 Dec 26, 2007 $0.810500 $0.017000 $0.430500 $0.363000 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: 12/31/2024 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. -1.23 0.48 0.85 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. 18.44 19.71 16.45 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. -0.09 0.41 0.56 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. 74.74 79.96 73.70 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. 90.53 93.82 94.94 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 0.86 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. 96.08 95.49 95.63 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. 5.47 5.20 4.18 View All Characteristics & Statistics All Characteristics & Statistics TimesSquare Mid Cap Growth Fund (TMDPX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell Midcap® Growth Index Fund Assets (Mil.$) $1,364 Number of Holdings 73 290 Weighted Avg. Market Cap (Mil.$) $32,162 $39,401 Median Market Cap (Mil.$) $19,599 $13,284 Weighted Avg. P/E (1-yr Forward EPS) 30.40 30.33 Weighted Avg. P/E (Trailing EPS) 29.02 35.80 PEG Ratio 2.04 2.10 Weighted Avg. P/B 6.07 9.46 EPS Growth (Trailing 3-yr %) 11.88% 13.59% EPS Growth (Trailing 5-yr %) 20.40% 22.43% Forward EPS Growth (1-yr %) 7.94% 16.98% Forward EPS Growth (Long Term %) 14.64% 16.69% Revenue Growth (Trailing 5-yr %) 16.69% 19.05% Return on Equity 14.94% 22.64% Weighted Avg. Dividend Yield 0.56% 0.56% Debt to Equity 89.93 136.50 Trailing 12-Months Portfolio Turnover 47.83% As of: 12/31/2024 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. -1.23 0.48 0.85 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. 18.44 19.71 16.45 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. -0.09 0.41 0.56 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. 74.74 79.96 73.70 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. 90.53 93.82 94.94 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 0.86 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. 96.08 95.49 95.63 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. 5.47 5.20 4.18 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. -0.31 -0.18 -0.12 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. -2.13 9.30 10.63 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. -25.52 -25.98 -25.98 As of: 12/31/2024 Market Cap Fund Russell Midcap® Growth Index Market Cap ($mm) 0 - 1,000 0.89% 0.01% Market Cap ($mm) 1,000 - 1,500 1.00% 0.00% Market Cap ($mm) 1,500 - 2,500 0.00% 0.04% Market Cap ($mm) 2,500 - 5,000 2.05% 1.52% Market Cap ($mm) 5,000 - 10,000 13.55% 10.07% Market Cap ($mm) 10,000 - 25,000 31.35% 29.20% Market Cap ($mm) 25,000 - 50,000 36.92% 42.18% Market Cap ($mm) 50,000 - 100,000 14.25% 11.95% Market Cap ($mm) 100,000 - 200,000 0.00% 5.02% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 12/31/2024 Valuation Characteristics Fund Russell Midcap® Growth Index P/E 0-10 2.40% 0.60% P/E 10-15 6.50% 2.26% P/E 15-20 1.62% 5.72% P/E 20-25 9.34% 11.94% P/E 25-Above 67.17% 69.19% P/E – NA 12.97% 10.29% As of: 12/31/2024 Growth Characteristics Fund Russell Midcap® Growth Index EPS Growth (Trailing 3-yr %) - Negative 14.25% 11.71% EPS Growth (Trailing 3-yr %) 0 - 5 3.54% 5.59% EPS Growth (Trailing 3-yr %) 5 - 10 10.25% 10.39% EPS Growth (Trailing 3-yr %) 10 - 15 10.20% 8.46% EPS Growth (Trailing 3-yr %) 15 - 20 10.37% 8.03% EPS Growth (Trailing 3-yr %) Above 20 18.32% 23.20% EPS Growth (Trailing 3-yr %) - NA 33.07% 32.62% As of: 12/31/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 12/31/2024 HubSpot Inc 3.57% Cencora Inc 2.76% Verisk Analytics Inc, Class A 2.46% TPG Inc, Class A 2.42% Cheniere Energy Inc 2.40% Gartner Inc 2.33% EMCOR Group Inc 2.32% Veeva Systems Inc, Class A 2.09% CyberArk Software Ltd 2.08% Teradyne Inc 2.06% % in Top 10 Holdings 24.48% View Holding Details Holding Details TimesSquare Mid Cap Growth Fund (TMDPX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 12/31/2024 HubSpot Inc 3.57% Cencora Inc 2.76% Verisk Analytics Inc, Class A 2.46% TPG Inc, Class A 2.42% Cheniere Energy Inc 2.40% Gartner Inc 2.33% EMCOR Group Inc 2.32% Veeva Systems Inc, Class A 2.09% CyberArk Software Ltd 2.08% Teradyne Inc 2.06% % in Top 10 Holdings 24.48% As of: 12/31/2024 Download All Holdings (PDF) As of: 12/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund HUBS HubSpot Inc Information Technology S US USD 69,800 696.77 $48,634,546 3.57% COR Cencora Inc Health Care S US USD 167,300 224.68 $37,588,964 2.76% VRSK Verisk Analytics Inc, Class A Industrials S US USD 121,693 275.43 $33,517,903 2.46% TPG TPG Inc, Class A Financials S US USD 526,020 62.84 $33,055,097 2.42% LNG Cheniere Energy Inc Energy S US USD 152,300 214.87 $32,724,701 2.40% IT Gartner Inc Information Technology S US USD 65,525 484.47 $31,744,897 2.33% EME EMCOR Group Inc Industrials S US USD 69,730 453.90 $31,650,447 2.32% VEEV Veeva Systems Inc, Class A Health Care S US USD 135,585 210.25 $28,506,746 2.09% CYBR CyberArk Software Ltd Information Technology S IL USD 84,995 333.15 $28,316,084 2.08% TER Teradyne Inc Information Technology S US USD 223,000 125.92 $28,080,160 2.06% APP AppLovin Corp, Class A Information Technology S US USD 85,600 323.83 $27,719,848 2.03% CTAS Cintas Corp Industrials S US USD 149,820 182.70 $27,372,114 2.01% ROST Ross Stores Inc Consumer Discretionary S US USD 179,400 151.27 $27,137,838 1.99% ORLY O'Reilly Automotive Inc Consumer Discretionary S US USD 22,060 1,185.80 $26,158,748 1.92% ALL Allstate Corp Financials S US USD 134,096 192.79 $25,852,368 1.90% IDXX IDEXX Laboratories Inc Health Care S US USD 60,900 413.44 $25,178,496 1.85% MPWR Monolithic Power Systems Inc Information Technology S US USD 42,000 591.70 $24,851,400 1.82% ARGX Argenx SE ADR Health Care S NL USD 39,150 615.00 $24,077,250 1.77% WCN Waste Connections Inc Industrials S US USD 135,475 171.58 $23,244,801 1.70% DT Dynatrace Inc Information Technology S US USD 427,250 54.35 $23,221,038 1.70% CRWD Crowdstrike Holdings Inc, Class A Information Technology S US USD 65,601 342.16 $22,446,038 1.65% HOOD Robinhood Markets Inc, Class A Financials S US USD 600,805 37.26 $22,385,994 1.64% RRX Regal Rexnord Corp Industrials S US USD 144,094 155.13 $22,353,302 1.64% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 220,052 89.35 $19,661,646 1.44% TSCO Tractor Supply Co Consumer Discretionary S US USD 370,525 53.06 $19,660,057 1.44% CW Curtiss-Wright Corp Industrials S US USD 55,250 354.87 $19,606,568 1.44% TYL Tyler Technologies Inc Information Technology S US USD 33,600 576.64 $19,375,104 1.42% PINS Pinterest Inc, Class A Communication Services S US USD 658,000 29.00 $19,082,000 1.40% AME AMETEK Inc Industrials S US USD 105,000 180.26 $18,927,300 1.39% DASH DoorDash Inc, Class A Consumer Discretionary S US USD 112,290 167.75 $18,836,648 1.38% POOL Pool Corp Consumer Discretionary S US USD 54,080 340.94 $18,438,035 1.35% MRVL Marvell Technology Inc Information Technology S US USD 164,560 110.45 $18,175,652 1.33% EFX Equifax Inc Industrials S US USD 69,989 254.85 $17,836,697 1.31% TTAN ServiceTitan Inc, Class A Information Technology S US USD 172,444 102.87 $17,739,314 1.30% ROK Rockwell Automation Inc Industrials S US USD 61,030 285.79 $17,441,764 1.28% PR Permian Resources Corp, Class A Energy S US USD 1,175,800 14.38 $16,908,004 1.24% LSCC Lattice Semiconductor Corp Information Technology S US USD 289,700 56.65 $16,411,505 1.20% NICE Nice Ltd ADR Information Technology S IL USD 96,020 169.84 $16,308,037 1.20% BSY Bentley Systems Inc, Class B Information Technology S US USD 346,400 46.70 $16,176,880 1.19% IBKR Interactive Brokers Group Inc, Class A Financials S US USD 90,714 176.67 $16,026,442 1.18% TRMB Trimble Inc Information Technology S US USD 223,985 70.66 $15,826,780 1.16% RNR RenaissanceRe Holdings Ltd Financials S BM USD 61,800 248.81 $15,376,458 1.13% SAIA Saia Inc Industrials S US USD 33,420 455.73 $15,230,497 1.12% CSGP CoStar Group Inc Real Estate S US USD 209,890 71.59 $15,026,025 1.10% FROG JFrog Ltd Information Technology S IL USD 508,157 29.41 $14,944,897 1.10% ESTC Elastic NV Information Technology S US USD 147,695 99.08 $14,633,621 1.07% MLM Martin Marietta Materials Inc Materials S US USD 28,300 516.50 $14,616,950 1.07% INSP Inspire Medical Systems Inc Health Care S US USD 75,893 185.38 $14,069,044 1.03% APH Amphenol Corp, Class A Information Technology S US USD 197,120 69.45 $13,689,984 1.00% ESAB Esab Corp Industrials S US USD 113,300 119.94 $13,589,202 1.00% WSO Watsco Inc Industrials S US USD 28,400 473.89 $13,458,476 0.99% STVN Stevanato Group SpA Health Care S IT USD 614,768 21.79 $13,395,795 0.98% CUBE CubeSmart Real Estate S US USD 312,100 42.85 $13,373,485 0.98% RPM RPM International Inc Materials S US USD 107,700 123.06 $13,253,562 0.97% LOAR Loar Holdings Inc Industrials S US USD 177,100 73.91 $13,089,461 0.96% WBS Webster Financial Corp Financials S US USD 236,800 55.22 $13,076,096 0.96% BRO Brown & Brown Inc Financials S US USD 123,500 102.02 $12,599,470 0.92% OS Onestream Inc, Class A Information Technology S US USD 418,715 28.52 $11,941,752 0.88% RGEN Repligen Corp Health Care S US USD 82,070 143.94 $11,813,156 0.87% CPRT Copart Inc Industrials S US USD 199,200 57.39 $11,432,088 0.84% TTWO Take-Two Interactive Software Inc Communication Services S US USD 57,900 184.08 $10,658,232 0.78% KBR KBR Inc Industrials S US USD 181,207 57.93 $10,497,322 0.77% PFGC Performance Food Group Co Consumer Staples S US USD 124,000 84.55 $10,484,200 0.77% AXON Axon Enterprise Inc Industrials S US USD 17,500 594.32 $10,400,600 0.76% EHC Encompass Health Corp Health Care S US USD 108,800 92.35 $10,047,680 0.74% GFL GFL Environmental Inc Industrials S CA USD 221,904 44.54 $9,883,604 0.72% IOT Samsara Inc, Class A Information Technology S US USD 225,980 43.69 $9,873,066 0.72% FND Floor & Decor Holdings Inc, Class A Consumer Discretionary S US USD 85,800 99.70 $8,554,260 0.63% ITCI Intra-Cellular Therapies Inc Health Care S US USD 92,700 83.52 $7,742,304 0.57% BC Brunswick Corp Consumer Discretionary S US USD 112,000 64.68 $7,244,160 0.53% WH Wyndham Hotels & Resorts Inc Consumer Discretionary S US USD 69,700 100.79 $7,025,063 0.52% OKLO Oklo Inc, Class A Utilities S US USD 253,600 21.23 $5,383,928 0.39% LEGN Legend Biotech Corp ADR Health Care S US USD 24,478 32.54 $796,514 0.06% Cash & Equivalents Cash C US USD - - $18,186,243 1.33% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return HubSpot Inc 1 3.14% 31.07% Marvell Technology Inc 2 1.45% 53.23% Cheniere Energy Inc 3 2.19% 19.68% Crowdstrike Holdings Inc, Class A 4 1.75% 22.00% Interactive Brokers Group Inc, Class A 5 1.13% 26.89% CyberArk Software Ltd 6 1.83% 14.25% Elastic NV 7 0.97% 29.08% DoorDash Inc, Class A 8 1.38% 17.53% TPG Inc, Class A 9 2.47% 9.61% Amphenol Corp, Class A 10 1.78% 6.75% As of: 12/31/2024 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 Monolithic Power Systems Inc 20 1.95% -35.90% Legend Biotech Corp. Sponsored ADR 19 0.95% -33.22% IDEXX Laboratories Inc 18 1.59% -18.17% ICON PLC 17 0.60% -27.09% Microchip Technology Incorporated 16 0.85% -26.07% Chemed Corp 15 1.65% -12.95% Brunswick Corp 14 1.12% -22.55% Humana Inc 13 0.04% -23.67% Equifax Inc 12 1.44% -13.18% Cintas Corp 11 2.56% -11.15% As of: 12/31/2024 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 Sector Allocation (Equity) As of: 12/31/2024 View Allocation Details Allocation Details TimesSquare Mid Cap Growth Fund (TMDPX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell Midcap® Growth Index Information Technology 30.81% 27.53% Industrials 22.70% 17.31% Health Care 12.70% 12.53% Financials 10.15% 12.82% Consumer Discretionary 9.76% 14.77% Energy 3.64% 4.05% Consumer Staples 2.21% 2.26% Communication Services 2.18% 4.55% Real Estate 2.08% 1.26% Materials 2.04% 1.13% Cash & Other 1.33% 0.00% Utilities 0.39% 1.79% As of: 12/31/2024 Investment Allocation 12/31/2024 Stocks 98.67% Bonds 0.00% Cash and Other 1.33% As of: 12/31/2024 Industry Fund Russell Midcap® Growth Index Software 19.90% 18.23% Semiconductors & Semiconductor Equipment 6.42% 2.74% Specialty Retail 5.98% 4.05% Commercial Services & Supplies 5.28% 0.88% Capital Markets 5.24% 7.20% Professional Services 4.54% 3.96% Electrical Equipment 4.31% 1.59% Insurance 3.95% 1.60% Oil, Gas & Consumable Fuels 3.64% 3.88% Health Care Providers & Services 3.49% 2.40% % in Top 10 Industries 62.75% 46.53% As of: 12/31/2024 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 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 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 TimesSquare International Small Cap 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