Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class I N I Z NAV | as of 10/09/2024 $13.29 +$0.07 (+0.53%) Morningstar | Style Box V B G L M S Growth of $10,000 (Hypothetical) Since Inception 02/24/2017 to 09/30/2024 = $19,553.50 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 2023 Distributions View All Documents Investment Style 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 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 09/30/2024 Overall Rating (of 545) 3 Years (of 545) 5 Years (of 517) 10 Years — Category Small Growth Read Important Investment Disclosures 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. Kenneth C. Duca, CFA DIRECTOR AND PORTFOLIO MANAGER/ANALYST Ken Duca is a Director and Portfolio Manager/Analyst in TimesSquare’s growth equity group, responsible for covering the business services and transaction processing 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. He has a BA in economics from Muhlenberg College and an MBA from Rutgers University. He is a member of the CFA Institute and the New York Society of Security Analysts. David Ferreiro, PhD PARTNER, PORTFOLIO MANAGER David is a Partner and Portfolio Manager/Analyst on TimesSquare’s U.S. Equity team. He is also a member of the Management Committee that oversees TimesSquare. He is responsible for research coverage of the biotechnology, pharmaceuticals, and medical devices industries. Prior to joining TimesSquare in 2015, David was a Vice President at GMT Capital Corporation covering global health care stocks. His previous health care and biotechnology research analyst experiences were 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. David has a BA in biology from Middlebury College, and an MS and PhD in microbiology and immunology from the Albert Einstein College of Medicine. 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: 1.09% Net Expense Ratio: 1.05% Expense Cap Expiration Date: 05/01/2026 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 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 From: To: Risk & Return Statistics As of: 09/30/2024 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. -0.66 0.29 - 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. 20.94 23.35 - 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. -0.21 0.27 - 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. 81.39 87.42 - 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. 93.05 96.50 - 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. 0.89 0.95 - 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. 93.95 94.48 - 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. 5.71 5.62 - View All Characteristics & Statistics All Characteristics & Statistics TimesSquare Small Cap Growth Fund (TSQIX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell 2000® Growth Index Fund Assets (Mil.$) $166 Number of Holdings 78 1,054 Weighted Avg. Market Cap (Mil.$) $5,234 $6,059 Median Market Cap (Mil.$) $4,052 $1,220 Weighted Avg. P/E (1-yr Forward EPS) 29.06 20.45 Weighted Avg. P/E (Trailing EPS) 30.11 22.91 PEG Ratio 1.66 1.26 Weighted Avg. P/B 3.60 3.99 EPS Growth (Trailing 3-yr %) 12.91% 14.29% EPS Growth (Trailing 5-yr %) 17.77% 22.00% Forward EPS Growth (1-yr %) 6.37% 3.98% Forward EPS Growth (Long Term %) 16.86% 17.62% Revenue Growth (Trailing 5-yr %) 17.92% 14.20% Return on Equity 2.22% 10.88% Weighted Avg. Dividend Yield 0.49% 0.58% Debt to Equity 62.74 76.59 Trailing 12-Months Portfolio Turnover 66.09% 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. -0.66 0.29 - 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. 20.94 23.35 - 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. -0.21 0.27 - 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. 81.39 87.42 - 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. 93.05 96.50 - 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. 0.89 0.95 - 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. 93.95 94.48 - 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. 5.71 5.62 - 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. -0.09 -0.03 - 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. -5.05 6.58 - Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -34.03 -34.03 - As of: 09/30/2024 Market Cap Fund Russell 2000® Growth Index Market Cap ($mm) 0 - 1,000 2.72% 8.47% Market Cap ($mm) 1,000 - 1,500 6.26% 5.78% Market Cap ($mm) 1,500 - 2,500 15.21% 15.02% Market Cap ($mm) 2,500 - 5,000 34.04% 33.74% Market Cap ($mm) 5,000 - 10,000 29.56% 27.29% Market Cap ($mm) 10,000 - 25,000 12.21% 6.46% Market Cap ($mm) 25,000 - 50,000 0.00% 3.23% Market Cap ($mm) 50,000 - 100,000 0.00% 0.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 06/30/2024 Valuation Characteristics Fund Russell 2000® Growth Index P/E 0-10 2.91% 4.67% P/E 10-15 3.02% 7.26% P/E 15-20 1.79% 9.06% P/E 20-25 12.79% 11.14% P/E 25-Above 37.92% 42.90% P/E – NA 41.58% 24.97% As of: 06/30/2024 Growth Characteristics Fund Russell 2000® Growth Index EPS Growth (Trailing 3-yr %) - Negative 11.70% 15.27% EPS Growth (Trailing 3-yr %) 0 - 5 3.06% 3.06% EPS Growth (Trailing 3-yr %) 5 - 10 11.64% 5.92% EPS Growth (Trailing 3-yr %) 10 - 15 3.73% 3.90% EPS Growth (Trailing 3-yr %) 15 - 20 0.00% 5.53% EPS Growth (Trailing 3-yr %) Above 20 19.19% 27.67% EPS Growth (Trailing 3-yr %) - NA 50.68% 38.65% As of: 06/30/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 06/30/2024 Casella Waste Systems Inc, Class A 2.84% CyberArk Software Ltd 2.66% Vertex Inc, Class A 2.52% JFrog Ltd 2.50% BJ's Wholesale Club Holdings Inc 2.11% Victory Capital Holdings Inc, Class A 1.98% Matador Resources Co, Class A 1.94% Hamilton Lane Inc, Class A 1.93% Smartsheet Inc, Class A 1.88% Esab Corp 1.85% % in Top 10 Holdings 22.22% View Holding Details Holding Details TimesSquare Small Cap Growth Fund (TSQIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 06/30/2024 Casella Waste Systems Inc, Class A 2.84% CyberArk Software Ltd 2.66% Vertex Inc, Class A 2.52% JFrog Ltd 2.50% BJ's Wholesale Club Holdings Inc 2.11% Victory Capital Holdings Inc, Class A 1.98% Matador Resources Co, Class A 1.94% Hamilton Lane Inc, Class A 1.93% Smartsheet Inc, Class A 1.88% Esab Corp 1.85% % in Top 10 Holdings 22.22% As of: 06/30/2024 Download All Holdings (PDF) As of: 08/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund CYBR CyberArk Software Ltd Information Technology S IL USD 14,750 286.74 $4,229,415 2.47% VERX Vertex Inc, Class A Information Technology S US USD 100,000 38.69 $3,869,000 2.26% RRX Regal Rexnord Corp Industrials S US USD 21,099 167.81 $3,540,623 2.07% VCTR Victory Capital Holdings Inc, Class A Financials S US USD 64,000 54.57 $3,492,480 2.04% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 43,200 79.96 $3,454,272 2.02% ESAB Esab Corp Industrials S US USD 32,310 104.97 $3,391,581 1.98% CWST Casella Waste Systems Inc, Class A Industrials S US USD 31,000 107.86 $3,343,660 1.95% SAFT Safety Insurance Group Inc Financials S US USD 37,000 88.55 $3,276,350 1.91% HLNE Hamilton Lane Inc, Class A Financials S US USD 21,200 152.84 $3,240,208 1.89% MTDR Matador Resources Co, Class A Energy S US USD 57,000 56.72 $3,233,040 1.89% SMAR Smartsheet Inc, Class A Information Technology S US USD 66,000 48.80 $3,220,800 1.88% CWAN Clearwater Analytics Holdings Inc, Class A Information Technology S US USD 120,000 24.78 $2,973,600 1.74% WSC WillScot Holdings Corp Industrials S US USD 77,000 38.54 $2,967,580 1.73% ASND Ascendis Pharma A/S ADR Health Care S DK USD 21,070 138.45 $2,917,142 1.70% FROG JFrog Ltd Information Technology S IL USD 100,000 27.76 $2,776,000 1.62% ACVA ACV Auctions Inc, Class A Industrials S US USD 146,500 18.71 $2,741,015 1.60% ADUS Addus Homecare Corp Health Care S US USD 20,000 133.01 $2,660,200 1.55% WK Workiva Inc, Class A Information Technology S US USD 34,000 78.17 $2,657,780 1.55% ITCI Intra-Cellular Therapies Inc Health Care S US USD 35,440 73.28 $2,597,043 1.52% INSM Insmed Inc Health Care S US USD 33,900 76.47 $2,592,333 1.51% NSA National Storage Affiliates Trust Real Estate S US USD 55,060 46.74 $2,573,504 1.50% WHD Cactus Inc, Class A Energy S US USD 42,000 59.52 $2,499,840 1.46% TTEK Tetra Tech Inc Industrials S US USD 10,500 237.74 $2,496,270 1.46% EXPO Exponent Inc Industrials S US USD 23,000 108.27 $2,490,210 1.45% IAS Integral Ad Science Holding Corp Communication Services S US USD 213,700 11.63 $2,485,331 1.45% AZEK AZEK Co Inc, Class A Industrials S US USD 58,000 42.63 $2,472,540 1.44% XENE Xenon Pharmaceuticals Inc Health Care S CA USD 60,320 40.34 $2,433,309 1.42% VCEL Vericel Corp Health Care S US USD 46,500 51.65 $2,401,725 1.40% FORM FormFactor Inc Information Technology S US USD 48,300 48.77 $2,355,591 1.38% FRPT Freshpet Inc Consumer Staples S US USD 17,000 136.00 $2,312,000 1.35% QTWO Q2 Holdings Inc Information Technology S US USD 31,000 74.21 $2,300,510 1.34% RBC RBC Bearings Inc Industrials S US USD 7,560 297.85 $2,251,746 1.31% SYNA Synaptics Inc Information Technology S US USD 27,070 81.42 $2,204,039 1.29% FIX Comfort Systems USA Inc Industrials S US USD 6,200 353.52 $2,191,824 1.28% DAWN Day One Biopharmaceuticals Inc Health Care S US USD 153,170 13.84 $2,119,873 1.24% ICFI ICF International Inc Industrials S US USD 12,600 165.76 $2,088,576 1.22% INTA Intapp Inc Information Technology S US USD 44,999 46.20 $2,078,954 1.21% WRBY Warby Parker Inc, Class A Consumer Discretionary S US USD 134,100 14.92 $2,000,772 1.17% ROAD Construction Partners Inc, Class A Industrials S US USD 30,000 65.98 $1,979,400 1.16% LOAR Loar Holdings Inc Industrials S US USD 26,539 74.16 $1,968,132 1.15% WH Wyndham Hotels & Resorts Inc Consumer Discretionary S US USD 25,000 78.70 $1,967,500 1.15% GLBE Global-e Online Ltd Consumer Discretionary S IL USD 55,000 34.42 $1,893,100 1.11% MTSI MACOM Technology Solutions Holdings Inc Information Technology S US USD 16,850 109.23 $1,840,526 1.07% PI Impinj Inc Information Technology S US USD 10,830 168.10 $1,820,523 1.06% ITT ITT Inc Industrials S US USD 13,000 139.22 $1,809,860 1.06% PHR Phreesia Inc Health Care S US USD 70,000 25.71 $1,799,700 1.05% KRYS Krystal Biotech Inc Health Care S US USD 9,200 195.12 $1,795,104 1.05% CRDO Credo Technology Group Holding Ltd Information Technology S US USD 51,300 34.91 $1,790,883 1.05% MGY Magnolia Oil & Gas Corp, Class A Energy S US USD 68,180 25.61 $1,746,090 1.02% IAC IAC Inc Communication Services S US USD 32,580 52.78 $1,719,572 1.00% AVNT Avient Corp Materials S US USD 35,000 49.13 $1,719,550 1.00% WNS WNS Holdings Ltd Industrials S IN USD 29,000 59.20 $1,716,800 1.00% MYRG MYR Group Inc Industrials S US USD 16,506 100.80 $1,663,805 0.97% ERJ Embraer SA ADR Industrials S BR USD 50,010 33.23 $1,661,832 0.97% ONTO Onto Innovation Inc Information Technology S US USD 7,790 213.22 $1,660,984 0.97% KLIC Kulicke & Soffa Industries Inc Information Technology S SG USD 37,230 43.81 $1,631,046 0.95% OS Onestream Inc, Class A Information Technology S US USD 49,596 31.00 $1,537,476 0.90% HQY HealthEquity Inc Health Care S US USD 19,090 79.56 $1,518,800 0.89% MVBF MVB Financial Corp Financials S US USD 66,065 21.00 $1,387,365 0.81% MAX MediaAlpha Inc, Class A Communication Services S US USD 75,387 17.80 $1,341,889 0.78% AVDX Avidxchange Holdings Inc Financials S US USD 164,735 8.07 $1,329,411 0.78% BOOT Boot Barn Holdings Inc Consumer Discretionary S US USD 9,500 134.17 $1,274,615 0.74% PJT PJT Partners Inc, Class A Financials S US USD 10,000 123.50 $1,235,000 0.72% AIT Applied Industrial Technologies Inc Industrials S US USD 5,900 205.12 $1,210,208 0.71% BFAM Bright Horizons Family Solutions Inc, Class A Consumer Discretionary S US USD 8,502 140.72 $1,196,401 0.70% CGON CG Oncology Inc Health Care S US USD 31,020 36.88 $1,144,018 0.67% WEX WEX Inc Financials S US USD 5,500 191.02 $1,050,610 0.61% CERT Certara Inc Health Care S US USD 77,770 12.25 $952,683 0.56% IIIV I3 Verticals Inc, Class A Financials S US USD 40,500 22.66 $917,730 0.54% MRUS Merus NV Health Care S NL USD 16,500 50.99 $841,335 0.49% MODG Topgolf Callaway Brands Corp Consumer Discretionary S US USD 81,500 10.06 $819,890 0.48% MLTX MoonLake Immunotherapeutics, Class A Health Care S CH USD 16,910 46.79 $791,219 0.46% PYCR Paycor HCM Inc Industrials S US USD 50,635 14.16 $716,992 0.42% SVCO Silvaco Group Inc Information Technology S US USD 43,795 15.45 $676,633 0.40% ALAB Astera Labs Inc Information Technology S US USD 9,695 43.06 $417,467 0.24% NAMS NewAmsterdam Pharma Co NV Health Care S NL USD 20,870 16.42 $342,685 0.20% Cash & Equivalents Cash C US USD - - $13,478,592 7.87% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Credo Technology Group Holding Ltd 1 1.10% 50.73% Silk Road Medical Inc 2 1.04% 47.60% FormFactor Inc 3 1.52% 32.65% Vertex Inc, Class A 4 2.26% 13.51% BJ's Wholesale Club Holdings Inc 5 2.05% 16.11% Boot Barn Holdings Inc 6 0.94% 35.50% Onto Innovation Inc 7 1.30% 21.25% Smartsheet Inc, Class A 8 1.67% 14.49% Victory Capital Holdings Inc, Class A 9 1.99% 13.09% HashiCorp Inc, Class A 10 0.95% 25.01% 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 Regal Rexnord Corp 20 2.06% -24.78% Treace Medical Concepts, Inc. 19 0.34% -54.41% MediaAlpha Inc, Class A 18 1.09% -35.35% Sprout Social, Inc. Class A 17 0.27% -52.75% JFrog Ltd 16 2.48% -15.08% Esab Corp 15 2.11% -14.55% WillScot Mobile Mini Holdings Corp, Class A 14 1.53% -19.05% AZEK Co Inc, Class A 13 1.64% -16.11% AtriCure Inc 12 0.37% -28.96% Savers Value Village Inc 11 0.57% -36.51% 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 Sector Allocation (Equity) As of: 06/30/2024 View Allocation Details Allocation Details TimesSquare Small Cap Growth Fund (TSQIX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell 2000® Growth Index Information Technology 27.17% 24.02% Industrials 24.08% 19.88% Health Care 14.86% 21.58% Financials 8.26% 5.92% Cash & Other 5.33% 0.00% Consumer Discretionary 5.26% 10.37% Energy 4.33% 4.63% Communication Services 3.59% 2.02% Consumer Staples 3.01% 4.79% Real Estate 1.56% 1.44% Other Equities 1.45% Materials 1.09% 4.02% Utilities 0.00% 1.33% As of: 06/30/2024 Investment Allocation 06/30/2024 Stocks 94.67% Bonds 0.00% Cash and Other 5.33% As of: 06/30/2024 Industry Fund Russell 2000® Growth Index Software 16.96% 11.08% Semiconductors & Semiconductor Equipment 10.21% 4.64% Biotechnology 7.55% 10.40% Commercial Services & Supplies 5.92% 1.37% Construction & Engineering 5.07% 2.91% Capital Markets 4.44% 2.10% Machinery 3.75% 4.62% Professional Services 3.55% 3.47% Oil, Gas & Consumable Fuels 2.82% 1.61% Health Care Providers & Services 2.80% 4.01% % in Top 10 Industries 63.07% 46.21% 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 Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Read full bio Kenneth C. Duca, CFA DIRECTOR AND PORTFOLIO MANAGER/ANALYST Read full bio David Ferreiro, PhD PARTNER, PORTFOLIO MANAGER Read full bio Investment Approach Investment Approach 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 TQENX TimesSquare Emerging Markets Small Cap Fund View Fund Details TSYNX TimesSquare Global Small Cap Fund View Fund Details TCMPX TimesSquare International Small Cap Fund View Fund Details TMDPX 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