Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class N N I Z NAV | as of 11/13/2025 $12.33 -$0.38 (-2.99%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 516 Small Growth funds as of 10/31/2025 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 01/21/2000 to 10/31/2025 = $84,341.17 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. Why Consider May be appropriate for investors looking to gain exposure to small cap companies TimesSquare leverages its wealth of experience managing institutional small cap portfolios, relying on bottom-up research to identify growth businesses with exceptional management, distinct, sustainable competitive advantages and consistent growth Documents Fact Sheet Commentary Summary Prospectus Prospectus SAI Annual Report - Class N Semi-Annual Report - Class N Annual Report - Class I Semi-Annual Report - Class I Annual Report - Class Z Semi-Annual Report - Class Z Annual Financial Statements and Other Information Semi-Annual Financial Statements and Other Information Q1 Holdings Q3 Holdings All Holdings Distributions View All Documents Investment Style AMG TimesSquare Small 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 Small Cap Growth Fund is categorized as Small-Growth. It invests in small-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 10/31/2025 Overall Rating (of 516) 3 Years (of 516) 5 Years (of 496) 10 Years (of 392) Category Small Growth Read Important Investment Disclosures Grant R. Babyak CHIEF EXECUTIVE OFFICER, PARTNER AND PORTFOLIO MANAGER OF TIMESSQUARE Mr. Babyak is the Chief Executive Officer of TimesSquare, Partner 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. Mr. Babyak has a B.A. in Political Science from Yale University and an M.B.A. in Finance from the Leonard N. Stern School of Business at New York University. Kenneth C. Duca, CFA PARTNER AND PORTFOLIO MANAGER OF TIMESSQUARE Mr. Duca is a Partner and Portfolio Manager in TimesSquare’s growth equity group, responsible for covering the business services, transaction processing, and energy sectors. Prior to joining TimesSquare in 2000, Mr. Duca held a similar position at Fiduciary Trust Company International. Before joining Fiduciary Trust, he spent 10 years with Prudential where, at the time of his departure, he was a senior equity analyst on the small cap growth team. Mr. Duca has a B.A. in Economics from Muhlenberg College and an M.B.A. from Rutgers University. He is a member of the CFA Institute and the New York Society of Security Analysts. David Ferreiro, PhD PARTNER AND PORTFOLIO MANAGER OF TIMESSQUARE Dr. Ferreiro is a Partner and Portfolio Manager in TimesSquare’s growth equity group, responsible for research coverage of the biotechnology, pharmaceuticals and medical devices industries. Prior to joining TimesSquare in 2015, Dr. Ferreiro was a Vice President at GMT Capital Corporation covering global health care companies. Before joining GMT Capital he had additional health care and biotechnology research analyst experience as an Executive Director at Oppenheimer, an Associate at JMP Securities, a Strategist at First Brokers Securities/Linkbrokers and an Associate at Banc of America Securities. Dr. Ferreiro has a B.A. in Biology from Middlebury College, and an M.S. and Ph.D. in Microbiology and Immunology from the Albert Einstein College of Medicine. Greg J. Vasse PARTNER AND PORTFOLIO MANAGER/ANALYST OF TIMESSQUARE Mr. Vasse is a Partner and Portfolio Manager/Analyst on TimesSquare’s U.S. equity team and is responsible for research coverage of Industrials. Prior to joining TimesSquare as a Research Associate in 2008, Mr. Vasse was an Associate at Lehman Brothers working with the firm's Institutional Investor-ranked Machinery and Bank equity research teams. Prior to Lehman Brothers, Mr. Vasse was an investment banking analyst at Needham & Company focused on Industrial Growth and Technology M&A and equity capital transactions. Mr. Vasse graduated Cum Laude with a B.S. in Business Administration from Babson College with concentrations in finance and economics. 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: 1.22% Net Expense Ratio: 1.17% Expense Cap Expiration Date: 05/01/2026 The Fund’s Investment Manager has contractually agreed, through 05/01/2026, 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 $0.973000 — $0.090000 $0.883000 Dec 15, 2022 $0.690100 — — $0.690100 Dec 15, 2021 $3.373900 — $0.097200 $3.276700 Dec 16, 2020 $2.315200 — — $2.315200 Dec 16, 2019 $1.630200 — $0.016800 $1.613400 Dec 27, 2018 $3.885600 — $0.960700 $2.924900 Dec 27, 2017 $1.862500 — $0.268700 $1.593800 Dec 27, 2016 $0.544100 $0.030900 — $0.513200 Dec 28, 2015 $1.767300 — $0.221900 $1.545400 Dec 26, 2014 $0.875200 — $0.083900 $0.791300 Dec 26, 2013 $1.100300 — — $1.100300 Dec 26, 2012 $1.380000 — $0.091300 $1.288700 Dec 27, 2011 $0.594000 — — $0.594000 Dec 26, 2008 $0.334580 — $0.096640 $0.237940 Dec 26, 2007 $2.052400 — $0.361800 $1.690600 Dec 26, 2006 $1.652300 — $0.360000 $1.292300 Dec 27, 2005 $1.010000 — $0.365000 $0.645000 Apr 07, 2005 $0.336182 — — $0.336182 Dec 28, 2004 $0.380833 $0.046635 — $0.334198 Dec 23, 2003 $0.146397 $0.114975 — $0.031422 Dec 28, 2000 $0.149001 $0.149001 — — From: To: Risk & Return Statistics As of: 10/31/2025 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. -1.81 -1.28 -0.08 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. 17.31 20.31 20.14 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. 0.31 0.17 0.33 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. 75.68 85.61 91.20 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. 76.73 88.49 90.79 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. 0.81 0.88 0.92 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. 91.21 92.51 93.36 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. 6.54 6.25 5.47 View All Characteristics & Statistics All Characteristics & Statistics AMG TimesSquare Small Cap Growth Fund (TSCPX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell 2000® Growth Index Fund Assets (Mil.$) $113 Number of Holdings 78 Weighted Avg. Market Cap (Mil.$) $6,850 $5,364 Median Market Cap (Mil.$) $6,041 $1,297 Weighted Avg. P/E (1-yr Forward EPS) 30.81 22.06 Weighted Avg. P/E (Trailing EPS) 27.54 26.44 PEG Ratio 2.10 1.49 Weighted Avg. P/B 4.20 4.37 EPS Growth (Trailing 3-yr %) 7.96% 13.26% EPS Growth (Trailing 5-yr %) 15.23% 18.77% Forward EPS Growth (1-yr %) 7.30% 7.88% Forward EPS Growth (Long Term %) 12.98% 12.22% Revenue Growth (Trailing 5-yr %) 15.51% 16.21% Return on Equity 2.77% 2.69% Weighted Avg. Dividend Yield 0.28% 0.50% Debt to Equity 64.48 73.82 Trailing 12-Months Portfolio Turnover 96.81% As of: 09/30/2025 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. -1.81 -1.28 -0.08 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. 17.31 20.31 20.14 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. 0.31 0.17 0.33 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. 75.68 85.61 91.20 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. 76.73 88.49 90.79 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. 0.81 0.88 0.92 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. 91.21 92.51 93.36 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. 6.54 6.25 5.47 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. -0.49 -0.29 -0.11 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. 6.76 4.08 7.18 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. -16.15 -34.15 -34.15 As of: 10/31/2025 Market Cap Fund Russell 2000® Growth Index Market Cap ($mm) 0 - 1,000 1.86% 7.67% Market Cap ($mm) 1,000 - 1,500 6.20% 4.90% Market Cap ($mm) 1,500 - 2,500 8.18% 15.11% Market Cap ($mm) 2,500 - 5,000 23.33% 35.76% Market Cap ($mm) 5,000 - 10,000 44.97% 25.69% Market Cap ($mm) 10,000 - 25,000 13.57% 9.42% Market Cap ($mm) 25,000 - 50,000 1.89% 1.46% Market Cap ($mm) 50,000 - 100,000 0.00% 0.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 09/30/2025 Valuation Characteristics Fund Russell 2000® Growth Index P/E 0-10 2.31% 2.34% P/E 10-15 1.77% 5.03% P/E 15-20 5.77% 7.56% P/E 20-25 4.47% 8.16% P/E 25-Above 52.84% 46.27% P/E – NA 32.84% 30.63% As of: 09/30/2025 Growth Characteristics Fund Russell 2000® Growth Index EPS Growth (Trailing 3-yr %) - Negative 17.48% 14.04% EPS Growth (Trailing 3-yr %) 0 - 5 10.70% 3.89% EPS Growth (Trailing 3-yr %) 5 - 10 4.59% 2.55% EPS Growth (Trailing 3-yr %) 10 - 15 2.88% 4.46% EPS Growth (Trailing 3-yr %) 15 - 20 6.71% 5.48% EPS Growth (Trailing 3-yr %) Above 20 12.12% 23.16% EPS Growth (Trailing 3-yr %) - NA 45.51% 46.42% As of: 09/30/2025 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 09/30/2025 JFrog Ltd 2.68% Casella Waste Systems Inc, Class A 2.64% Victory Capital Holdings Inc, Class A 2.41% Esab Corp 2.35% Addus Homecare Corp 2.34% JBT Marel Corp 2.29% BJ's Wholesale Club Holdings Inc 2.11% Regal Rexnord Corp 2.06% iShares Russell 2000 Growth ETF 2.00% Workiva Inc, Class A 1.94% % in Top 10 Holdings 22.84% View Holding Details Holding Details AMG TimesSquare Small Cap Growth Fund (TSCPX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 09/30/2025 JFrog Ltd 2.68% Casella Waste Systems Inc, Class A 2.64% Victory Capital Holdings Inc, Class A 2.41% Esab Corp 2.35% Addus Homecare Corp 2.34% JBT Marel Corp 2.29% BJ's Wholesale Club Holdings Inc 2.11% Regal Rexnord Corp 2.06% iShares Russell 2000 Growth ETF 2.00% Workiva Inc, Class A 1.94% % in Top 10 Holdings 22.84% As of: 09/30/2025 Download All Holdings (PDF) As of: 10/31/2025 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund ESAB Esab Corp Industrials S US USD 26,000 116.82 $3,037,320 2.69% FROG JFrog Ltd Information Technology S IL USD 62,200 47.48 $2,953,256 2.62% CWST Casella Waste Systems Inc, Class A Industrials S US USD 30,800 88.57 $2,727,956 2.42% CRDO Credo Technology Group Holding Ltd Information Technology S US USD 14,000 187.62 $2,626,680 2.33% VCTR Victory Capital Holdings Inc, Class A Financials S US USD 39,600 62.27 $2,465,892 2.19% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 26,400 88.26 $2,330,064 2.07% IWO iShares Russell 2000 Growth ETF Other Equities S US USD 7,000 330.69 $2,314,830 2.05% ADUS Addus Homecare Corp Health Care S US USD 18,900 116.89 $2,209,221 1.96% WK Workiva Inc, Class A Information Technology S US USD 25,500 85.01 $2,167,755 1.92% HLNE Hamilton Lane Inc, Class A Financials S US USD 17,900 113.96 $2,039,884 1.81% MTSI MACOM Technology Solutions Holdings Inc Information Technology S US USD 13,500 148.13 $1,999,755 1.77% ITT ITT Inc Industrials S US USD 10,500 185.07 $1,943,235 1.72% JBTM JBT Marel Corp Industrials S US USD 15,000 126.10 $1,891,500 1.68% BE Bloom Energy Corp, Class A Industrials S US USD 14,000 132.16 $1,850,240 1.64% RBC RBC Bearings Inc Industrials S US USD 4,200 428.53 $1,799,826 1.60% LSCC Lattice Semiconductor Corp Information Technology S US USD 24,500 72.96 $1,787,520 1.59% ONTO Onto Innovation Inc Information Technology S US USD 13,100 134.96 $1,767,976 1.57% SITM SiTime Corp Information Technology S US USD 6,100 289.64 $1,766,804 1.57% STVN Stevanato Group SpA Health Care S IT USD 70,000 25.22 $1,765,400 1.57% TTAN ServiceTitan Inc, Class A Information Technology S US USD 18,400 94.36 $1,736,224 1.54% VVV Valvoline Inc Consumer Discretionary S US USD 52,300 33.01 $1,726,423 1.53% PIPR Piper Sandler Cos Financials S US USD 5,200 319.26 $1,660,152 1.47% CHEF Chefs' Warehouse Inc Consumer Staples S US USD 28,000 59.00 $1,652,000 1.46% PRSU Pursuit Attractions and Hospitality Inc Consumer Discretionary S US USD 45,930 35.48 $1,629,596 1.45% PSN Parsons Corp Industrials S US USD 19,100 83.14 $1,587,974 1.41% AIT Applied Industrial Technologies Inc Industrials S US USD 5,900 257.09 $1,516,831 1.35% BRZE Braze Inc, Class A Information Technology S US USD 52,800 28.66 $1,513,248 1.34% RRX Regal Rexnord Corp Industrials S US USD 10,500 140.89 $1,479,345 1.31% KTOS Kratos Defense & Security Solutions Inc Industrials S US USD 16,000 90.60 $1,449,600 1.29% GRDN Guardian Pharmacy Services Inc Health Care S US USD 51,686 28.04 $1,449,275 1.29% CWAN Clearwater Analytics Holdings Inc, Class A Information Technology S US USD 78,000 18.41 $1,435,980 1.27% OLLI Ollie's Bargain Outlet Holdings Inc Consumer Discretionary S US USD 11,600 120.81 $1,401,396 1.24% VERX Vertex Inc, Class A Information Technology S US USD 61,000 22.90 $1,396,900 1.24% KRMN Karman Holdings Inc Industrials S US USD 16,500 84.24 $1,389,960 1.23% NAMS NewAmsterdam Pharma Co NV Health Care S NL USD 36,000 37.95 $1,366,200 1.21% SLNO Soleno Therapeutics Inc Health Care S US USD 20,002 67.16 $1,343,334 1.19% MYRG MYR Group Inc Industrials S US USD 6,090 217.70 $1,325,793 1.18% MIRM Mirum Pharmaceuticals Inc Health Care S US USD 18,000 72.65 $1,307,700 1.16% PJT PJT Partners Inc, Class A Financials S US USD 8,000 161.11 $1,288,880 1.14% UEC Uranium Energy Corp Energy S CA USD 85,000 15.13 $1,286,050 1.14% MIR Mirion Technologies Inc, Class A Information Technology S US USD 43,500 29.37 $1,277,595 1.13% ROAD Construction Partners Inc, Class A Industrials S US USD 11,000 114.35 $1,257,850 1.12% PAY Paymentus Holdings Inc, Class A Financials S US USD 43,800 28.60 $1,252,680 1.11% LGN Legence Corp, Class A Industrials S US USD 30,000 41.37 $1,241,100 1.10% QTWO Q2 Holdings Inc Information Technology S US USD 19,900 61.76 $1,229,024 1.09% ERJ Embraer SA ADR Industrials S BR USD 19,000 64.48 $1,225,120 1.09% XENE Xenon Pharmaceuticals Inc Health Care S CA USD 29,000 41.92 $1,215,680 1.08% WRBY Warby Parker Inc, Class A Consumer Discretionary S US USD 61,800 19.59 $1,210,662 1.07% RGEN Repligen Corp Health Care S US USD 8,000 149.06 $1,192,480 1.06% NTSK Netskope Inc, Class A Information Technology S US USD 50,000 23.64 $1,182,000 1.05% VCEL Vericel Corp Health Care S US USD 33,100 35.06 $1,160,486 1.03% INTA Intapp Inc Information Technology S US USD 30,192 38.38 $1,158,769 1.03% TARS Tarsus Pharmaceuticals Inc Health Care S US USD 16,300 68.81 $1,121,603 0.99% HXL Hexcel Corp Industrials S US USD 15,600 71.40 $1,113,840 0.99% AMPL Amplitude Inc, Class A Information Technology S US USD 110,500 10.05 $1,110,525 0.98% GLBE Global-e Online Ltd Consumer Discretionary S IL USD 30,000 36.43 $1,092,900 0.97% UNF UniFirst Corp Industrials S US USD 7,000 154.35 $1,080,450 0.96% GENI Genius Sports Ltd Consumer Discretionary S GB USD 95,500 11.26 $1,075,330 0.95% BOOT Boot Barn Holdings Inc Consumer Discretionary S US USD 5,500 189.65 $1,043,075 0.92% WH Wyndham Hotels & Resorts Inc Consumer Discretionary S US USD 14,000 73.43 $1,028,020 0.91% KRYS Krystal Biotech Inc Health Care S US USD 5,100 197.51 $1,007,301 0.89% CGON CG Oncology Inc Health Care S US USD 22,000 43.27 $951,940 0.84% BFAM Bright Horizons Family Solutions Inc, Class A Consumer Discretionary S US USD 8,600 109.23 $939,378 0.83% MTDR Matador Resources Co, Class A Energy S US USD 23,700 39.46 $935,202 0.83% LOAR Loar Holdings Inc Industrials S US USD 11,500 79.13 $909,995 0.81% ABVX Abivax SA ADR Health Care S FR USD 8,800 102.42 $901,296 0.80% MRUS Merus NV Health Care S NL USD 8,900 94.86 $844,254 0.75% JHX James Hardie Industries Plc Materials S IE USD 40,300 20.93 $843,479 0.75% IRON Disc Medicine Inc Health Care S US USD 7,800 86.22 $672,516 0.60% NP Neptune Insurance Holdings Inc, Class A Financials S US USD 25,087 25.68 $644,234 0.57% STRL Sterling Infrastructure Inc Industrials S US USD 1,700 377.90 $642,430 0.57% IRTC iRhythm Technologies Inc Health Care S US USD 3,400 187.30 $636,820 0.56% WHD Cactus Inc, Class A Energy S US USD 13,000 44.17 $574,210 0.51% CBLL Ceribell Inc Health Care S US USD 43,900 11.40 $500,460 0.44% WING Wingstop Inc Consumer Discretionary S US USD 1,530 216.63 $331,444 0.29% SI Shoulder Innovations Inc Health Care S US USD 21,627 11.72 $253,468 0.22% VIA Via Transportation Inc, Class A Information Technology S US USD 791 53.43 $42,263 0.04% Cash & Equivalents Cash C US USD - - $5,481,521 4.86% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Kratos Defense & Security Solutions Inc 1 1.41% 96.71% Credo Technology Group Holding Ltd 2 1.65% 57.26% SiTime Corp 3 1.24% 46.16% Lattice Semiconductor Corp 4 1.41% 49.66% Bloom Energy Corp, Class A 5 0.44% 86.77% NewAmsterdam Pharma Co NV 6 0.93% 57.04% Merus NV 7 0.65% 78.99% Workiva Inc, Class A 8 1.64% 25.76% Insmed Inc 9 0.94% 33.67% Karman Holdings Inc 10 0.83% 43.34% As of: 09/30/2025 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 ACV Auctions Inc, Class A 20 1.29% -37.55% Par Technology Corp 19 1.16% -39.76% Vertex Inc, Class A 18 1.44% -29.84% Inspire Medical Systems Inc 17 0.61% -32.68% Casella Waste Systems Inc, Class A 16 2.55% -17.77% Onestream Inc, Class A 15 0.89% -34.88% BJ's Wholesale Club Holdings Inc 14 2.68% -13.52% Vericel Corp 13 1.32% -26.04% Q2 Holdings Inc 12 1.42% -22.65% James Hardie Industries Plc 11 0.94% -31.59% As of: 09/30/2025 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: 09/30/2025 View Allocation Details Allocation Details AMG TimesSquare Small Cap Growth Fund (TSCPX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell 2000® Growth Index Industrials 27.97% 22.07% Information Technology 23.28% 22.24% Health Care 16.17% 22.10% Consumer Discretionary 10.52% 9.38% Financials 7.94% 10.42% Consumer Staples 4.77% 2.25% Cash & Other 4.13% 0.00% Energy 2.09% 2.96% Other Equities 2.00% Materials 0.67% 3.51% Communication Services 0.45% 2.49% Real Estate 0.00% 1.97% Utilities 0.00% 0.61% As of: 09/30/2025 Investment Allocation 09/30/2025 Stocks 95.87% Bonds 0.00% Cash and Other 4.13% As of: 09/30/2025 Industry Fund Russell 2000® Growth Index Software 14.16% 9.80% Biotechnology 9.41% 10.11% Machinery 8.81% 5.02% Semiconductors & Semiconductor Equipment 8.06% 5.26% Capital Markets 6.84% 2.90% Aerospace & Defense 5.64% 3.06% Consumer Staples Distribution & Retail 4.77% 0.42% Commercial Services & Supplies 4.45% 1.41% Specialty Retail 4.36% 1.60% Construction & Engineering 3.90% 3.40% % in Top 10 Industries 70.4% 42.98% As of: 09/30/2025 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 Grant R. Babyak CHIEF EXECUTIVE OFFICER, PARTNER AND PORTFOLIO MANAGER OF TIMESSQUARE Read full bio Kenneth C. Duca, CFA PARTNER AND PORTFOLIO MANAGER OF TIMESSQUARE Read full bio David Ferreiro, PhD PARTNER AND PORTFOLIO MANAGER OF TIMESSQUARE Read full bio Greg J. Vasse PARTNER AND PORTFOLIO MANAGER/ANALYST OF TIMESSQUARE Read full bio Investment Approach Investment Approach AMG TimesSquare Small Cap Growth Fund The Fund seeks to outperform the Russell 2000® Growth Index in a risk-controlled manner. The TimesSquare portfolio management team uses a bottom-up, fundamental research-intensive approach to identify small 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 2000® Index at time of purchase. Related products Other Products From TimesSquare Capital Management TCMPX AMG TimesSquare International Small Cap Fund View Fund Details TMDPX AMG TimesSquare Mid 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