Fund Overview Fund Overview Share Class Z N I Z NAV | as of 08/11/2022 $10.00 +$0.02 (+0.20%) Morningstar | Style Box V B G L M S Growth of $10,000 (Hypothetical) Since Inception 05/30/2018 to 06/30/2022 = $10,577.35 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. 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 800.835.3879. 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. View Performance Read Important Investment Disclosures Objective Seeks to provide long-term capital appreciation by primarily investing in small cap companies around the globe. Why Consider May be appropriate for investors looking to gain exposure to small cap companies around the globe TimesSquare leverages its wealth of experience investing in global small cap companies, relying on bottom-up research to identify growth businesses with exceptional management, distinct, sustainable competitive advantages and consistent growth Documents Fact Sheet Summary Prospectus Prospectus Holdings SAI 2021 Year End Distributions View All Documents Magnus S. Larsson DIRECTOR AND PORTFOLIO MANAGER See Our Approach Read Bio Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR AND PORTFOLIO MANAGER See Our Approach Read Bio Anthony Rosenthal, CFA SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, PORTFOLIO MANAGER | U.S. EQUITY INVESTMENT TEAM See Our Approach Read Bio Investment Style TimesSquare Global Small Cap Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective TimesSquare Global Small Cap Fund is categorized as Mid-Growth. It invests in medium-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 07/31/2022 Overall Rating (of 123) 3 Years (of 123) 5 Years — 10 Years — Category Global Small/Mid Stock Read Important Investment Disclosures Magnus S. Larsson DIRECTOR AND PORTFOLIO MANAGER Magnus Larsson is a Director and Portfolio Manager on TimesSquare’s International Small Cap team. Prior to joining TimesSquare in 2012, Mr. Larsson was a Portfolio Manager at Nordea Investment Management where he focused on European small and mid cap equities. Prior to Nordea, he held a similar role at SEB Asset Management as a Portfolio Manager focusing on European small and mid caps. Mr. Larsson's prior experience also includes a Financial Analyst role specializing in small and mid cap equity research with Borsinsikt and a position as an Institutional Equity Sales Director at Beeson Gregory. He holds a BS in economics and business administration from the University of Orebro, Sweden as well as a BA in social science. 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. Anthony Rosenthal, CFA SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, PORTFOLIO MANAGER | U.S. EQUITY INVESTMENT TEAM Tony Rosenthal is a Senior Founding Partner, Managing Director and Portfolio Manager in TimesSquare’s growth equity group. Before joining TimesSquare in 2000, Tony held a similar position at Fiduciary Trust Company International. Prior experience includes three years at the Bank of New York as an equity portfolio manager and analyst and time at U.S. Trust Company of New York, where he conducted economic research. Tony has a BA in economics from Wesleyan University and an MBA from Columbia Business School. He is a member of the CFA Institute and the New York Society of Security Analysts. 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 800.835.3879. 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 less than one year are not annualized. Expense Ratios Gross Expense Ratio: 4.03% Net Expense Ratio: 1.00% Expense Cap Expiration Date: 05/01/2023 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, 2021 $0.886700 $0.029500 — $0.857200 Dec 16, 2019 $0.131900 $0.131900 — — From: To: Risk & Return Stats As of: 07/31/2022 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. -4.07 - - 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. 22.24 - - 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. 0.08 - - 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. 81.72 - - 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. 101.17 - - 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. 0.95 - - 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. 94.72 - - 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. 5.22 - - View All Characteristics & Stats All Characteristics & Stats TimesSquare Global Small Cap Fund (TSYZX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund MSCI World Small Cap Index Fund Assets (Mil.$) $2 Number of Holdings 95 4,574 Weighted Avg. Market Cap (Mil.$) $4,378 $3,670 Median Market Cap (Mil.$) $3,317 $1,291 Weighted Avg. P/E (1-yr Forward EPS) 16.44 11.77 Weighted Avg. P/E (Trailing EPS) 19.56 12.32 PEG Ratio 1.15 0.90 Weighted Avg. P/B 2.74 1.58 EPS Growth (Trailing 3-yr %) 14.67% 11.41% EPS Growth (Trailing 5-yr %) 14.19% 10.06% Forward EPS Growth (1-yr %) 6.26% 2.82% Forward EPS Growth (Long Term %) 12.59% 11.86% Revenue Growth (Trailing 5-yr %) 10.38% 7.43% Return on Equity 17.87% 11.62% Weighted Avg. Dividend Yield 1.67% 2.07% Debt to Equity 75.01 82.75 Trailing 12-Months Portfolio Turnover 60.53% As of: 06/30/2022 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. -4.07 - - 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. 22.24 - - 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. 0.08 - - 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. 81.72 - - 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. 101.17 - - 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. 0.95 - - 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. 94.72 - - 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. 5.22 - - 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. -0.90 - - 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. 1.88 - - 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. -30.01 - - As of: 07/31/2022 Market Cap Fund MSCI World Small Cap Index Market Cap ($mm) 0 - 1,000 4.08% 12.29% Market Cap ($mm) 1,000 - 1,500 4.86% 10.09% Market Cap ($mm) 1,500 - 2,500 14.31% 18.12% Market Cap ($mm) 2,500 - 5,000 44.17% 35.83% Market Cap ($mm) 5,000 - 10,000 27.51% 21.43% Market Cap ($mm) 10,000 - 25,000 5.06% 2.19% Market Cap ($mm) 25,000 - 50,000 0.00% 0.02% Market Cap ($mm) 50,000 - 100,000 0.00% 0.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.03% As of: 06/30/2022 Valuation Characteristics Fund MSCI World Small Cap Index P/E 0-10 7.58% 24.48% P/E 10-15 10.07% 15.29% P/E 15-20 21.81% 11.44% P/E 20-25 13.51% 8.43% P/E 25-Above 39.96% 25.70% P/E – NA 7.07% 14.65% As of: 06/30/2022 Growth Characteristics Fund MSCI World Small Cap Index EPS Growth (Trailing 3-yr %) - Negative 15.84% 24.49% EPS Growth (Trailing 3-yr %) 0 - 5 10.63% 6.84% EPS Growth (Trailing 3-yr %) 5 - 10 10.06% 8.42% EPS Growth (Trailing 3-yr %) 10 - 15 10.66% 6.61% EPS Growth (Trailing 3-yr %) 15 - 20 6.35% 4.83% EPS Growth (Trailing 3-yr %) Above 20 31.77% 28.30% EPS Growth (Trailing 3-yr %) - NA 14.70% 20.51% As of: 06/30/2022 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 06/30/2022 PJT Partners Inc, Class A 2.58% Chemed Corp 2.46% RenaissanceRe Holdings Ltd 2.46% Topdanmark A/S 2.18% Steadfast Group Ltd 2.08% Kobe Bussan Co Ltd 1.93% Evercore Inc, Class A 1.72% CyberArk Software Ltd 1.68% EMCOR Group Inc 1.62% Nice Ltd ADR 1.51% % in Top 10 Holdings 20.20% View Holding Details Holding Details TimesSquare Global Small Cap Fund (TSYZX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 06/30/2022 PJT Partners Inc, Class A 2.58% Chemed Corp 2.46% RenaissanceRe Holdings Ltd 2.46% Topdanmark A/S 2.18% Steadfast Group Ltd 2.08% Kobe Bussan Co Ltd 1.93% Evercore Inc, Class A 1.72% CyberArk Software Ltd 1.68% EMCOR Group Inc 1.62% Nice Ltd ADR 1.51% % in Top 10 Holdings 20.20% As of: 06/30/2022 Download All Holdings (PDF) As of: 06/30/2022 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund PJT PJT Partners Inc, Class A Financials S US USD 700 70 $49,196 2.58% CHE Chemed Corp Health Care S US USD 100 469 $46,939 2.46% RNR RenaissanceRe Holdings Ltd Financials S BM USD 300 156 $46,911 2.46% TOP Topdanmark A/S Financials S DK DKK 800 52 $41,637 2.18% SDF Steadfast Group Ltd Financials S AU AUD 11,400 3 $39,665 2.08% 3038 Kobe Bussan Co Ltd Consumer Staples S JP JPY 1,500 25 $36,872 1.93% EVR Evercore Inc, Class A Financials S US USD 350 94 $32,764 1.72% CYBR CyberArk Software Ltd Information Technology S IL USD 250 128 $31,990 1.68% EME EMCOR Group Inc Industrials S US USD 300 103 $30,888 1.62% NICE Nice Ltd ADR Information Technology S IL USD 150 192 $28,868 1.51% RRX Regal Rexnord Corp Industrials S US USD 250 114 $28,380 1.49% EHC Encompass Health Corp Health Care S US USD 500 56 $28,025 1.47% KGX KION Group AG Industrials S DE EUR 666 42 $27,880 1.46% HUH1V Huhtamaki Oyj Materials S FI EUR 700 40 $27,847 1.46% IPH IPH Ltd Industrials S AU AUD 4,936 6 $27,771 1.45% PFGC Performance Food Group Co Consumer Staples S US USD 600 46 $27,588 1.44% CWST Casella Waste Systems Inc, Class A Industrials S US USD 375 73 $27,255 1.43% JKHY Jack Henry & Associates Inc Information Technology S US USD 150 180 $27,003 1.41% BC Brunswick Corp Consumer Discretionary S US USD 400 65 $26,152 1.37% TATE Tate & Lyle PLC Consumer Staples S GB GBP 2,800 9 $25,660 1.34% GTT Gaztransport Et Technigaz SA Energy S FR EUR 200 126 $25,121 1.32% HGV Hilton Grand Vacations Inc Consumer Discretionary S US USD 700 36 $25,011 1.31% SAABB Saab AB Industrials S SE SEK 600 41 $24,811 1.30% ELY Callaway Golf Co Consumer Discretionary S US USD 1,200 20 $24,480 1.28% FOCS Focus Financial Partners Inc, Class A Financials S US USD 700 34 $23,842 1.25% NEX Nexans SA Industrials S FR EUR 300 78 $23,373 1.22% MTSI MACOM Technology Solutions Holdings Inc Information Technology S US USD 500 46 $23,050 1.21% HSV HomeServe PLC Industrials S GB GBP 1,600 14 $22,827 1.20% BAH Booz Allen Hamilton Holding Corp, Class A Industrials S US USD 250 90 $22,590 1.18% VIS Viscofan SA Consumer Staples S ES EUR 400 55 $22,068 1.16% FA First Advantage Corp Industrials S US USD 1,700 13 $21,539 1.13% STJ St James's Place PLC Financials S GB GBP 1,600 13 $21,529 1.13% SPT Spirent Communications PLC Information Technology S GB GBP 7,000 3 $21,029 1.10% TOTS3 Totvs SA Information Technology S BR BRL 4,583 4 $20,413 1.07% PLNT Planet Fitness Inc, Class A Consumer Discretionary S US USD 300 68 $20,403 1.07% CIE CIE Automotive SA Consumer Discretionary S ES EUR 800 25 $19,922 1.04% 9468 Kadokawa Corp Communication Services S JP JPY 900 22 $19,469 1.02% EYE National Vision Holdings Inc Consumer Discretionary S US USD 700 28 $19,250 1.01% KW Kennedy-Wilson Holdings Inc Real Estate S US USD 1,000 19 $18,940 0.99% FND Floor & Decor Holdings Inc, Class A Consumer Discretionary S US USD 300 63 $18,888 0.99% 6268 Nabtesco Corp Industrials S JP JPY 800 23 $18,772 0.98% 4516 Nippon Shinyaku Co Ltd Health Care S JP JPY 300 61 $18,312 0.96% ALKB ALK-Abello A/S, Class B Health Care S DK DKK 1,000 17 $17,421 0.91% GFTU Grafton Group PLC Industrials S IE GBP 1,800 10 $17,099 0.90% ROR Rotork PLC Industrials S GB GBP 5,800 3 $17,038 0.89% DOW Downer EDI Ltd Industrials S AU AUD 4,800 3 $16,748 0.88% ZWS Zurn Water Solutions Corp Industrials S US USD 600 27 $16,344 0.86% WSC WillScot Mobile Mini Holdings Corp, Class A Industrials S US USD 500 32 $16,210 0.85% SFZN Siegfried Holding Ag Health Care S CH CHF 25 640 $16,011 0.84% HXL Hexcel Corp Industrials S US USD 300 52 $15,693 0.82% AUTO Auto Trader Group PLC 144A Communication Services S GB GBP 2,300 7 $15,577 0.82% 4373 Simplex Holdings Inc Information Technology S JP JPY 1,200 13 $15,467 0.81% 8454 momo.com Inc Consumer Discretionary S TW TWD 708 22 $15,232 0.80% WNS WNS Holdings Ltd ADR Information Technology S IN USD 200 75 $14,928 0.78% AFYA Afya Ltd, Class A Consumer Discretionary S BR USD 1,500 10 $14,925 0.78% FUTR Future PLC Communication Services S GB GBP 700 21 $14,813 0.78% VALMT Valmet OYJ Industrials S FI EUR 600 25 $14,786 0.77% SAVE Nordnet AB publ Financials S SE SEK 1,100 13 $14,481 0.76% 2317 Systena Corp Information Technology S JP JPY 4,900 3 $14,300 0.75% ASND Ascendis Pharma A/S ADR Health Care S DK USD 150 93 $13,944 0.73% RS1 RS GROUP PLC Industrials S GB GBP 1,300 11 $13,827 0.72% 2345 Accton Technology Corp Information Technology S TW TWD 1,700 8 $13,675 0.72% DPLM Diploma PLC Industrials S GB GBP 500 27 $13,617 0.71% ARCAD Arcadis NV Industrials S NL EUR 400 33 $13,397 0.70% AZEK AZEK Co Inc, Class A Industrials S US USD 800 17 $13,392 0.70% 6134 Fuji Corp Industrials S JP JPY 900 15 $13,276 0.70% MKSI MKS Instruments Inc Information Technology S US USD 125 103 $12,829 0.67% 8174 Nippon Gas Co Ltd Utilities S JP JPY 900 14 $12,815 0.67% LFUS Littelfuse Inc Information Technology S US USD 50 254 $12,702 0.67% 381970 K Car Co Ltd Consumer Discretionary S KR KRW 800 16 $12,617 0.66% 5857 Asahi Holdings Inc Materials S JP JPY 800 16 $12,552 0.66% AMP Amplifon SpA Health Care S IT EUR 400 31 $12,298 0.64% VRLA Verallia SA 144A Materials S FR EUR 500 24 $11,990 0.63% CJT Cargojet Inc Industrials S CA CAD 100 111 $11,071 0.58% FBK FinecoBank Banca Fineco SpA Financials S IT EUR 900 12 $10,797 0.57% SI Silvergate Capital Corp, Class A Financials S US USD 200 54 $10,706 0.56% CRL Charles River Laboratories International Inc Health Care S US USD 50 214 $10,699 0.56% KWS Keywords Studios PLC Information Technology S IE GBP 400 27 $10,686 0.56% PAX Patria Investments Ltd, Class A Financials S KY USD 800 13 $10,576 0.55% DHG Dalata Hotel Group PLC Consumer Discretionary S IE EUR 2,900 4 $10,561 0.55% BOY Bodycote PLC Industrials S GB GBP 1,600 6 $10,296 0.54% VPLAYB Viaplay Group AB, Class B Communication Services S SE SEK 500 21 $10,271 0.54% RWS RWS Holdings PLC Industrials S GB GBP 2,400 4 $10,129 0.53% 354 Chinasoft International Ltd Information Technology S CN HKD 9,800 1 $10,057 0.53% BFSA Befesa SA 144A Industrials S LU EUR 200 49 $9,749 0.51% FNOX Fortnox AB Information Technology S SE SEK 2,000 5 $9,239 0.48% TGS TGS ASA Energy S NO NOK 600 14 $8,424 0.44% GAW Games Workshop Group PLC Consumer Discretionary S GB GBP 100 81 $8,141 0.43% 9923 Yeahka Ltd Information Technology S CN HKD 2,700 3 $7,695 0.40% IP Interpump Group SpA Industrials S IT EUR 200 38 $7,658 0.40% 7649 Sugi Holdings Co Ltd Consumer Staples S JP JPY 150 44 $6,589 0.35% VH2 Friedrich Vorwerk Group SE Energy S DE EUR 200 27 $5,376 0.28% CPLF Copperleaf Technologies Inc Information Technology S CA CAD 500 5 $2,486 0.13% DOV doValue SpA 144A Financials S IT EUR 27 6 $160 0.01% EHAB-W Enhabit Inc Health Care S US USD -200 23 -$4,594 -0.24% Cash & Equivalents Cash C US USD - - $147,895 7.74% Fund Holdings Sort order Avg. Weight Total Return PJT Partners Inc, Class A 1 2.47% 11.59% HomeServe PLC 2 1.09% 28.24% Huhtamaki Oyj 3 1.23% 13.43% Gaztransport Et Technigaz SA 4 1.19% 11.79% Chinasoft International Ltd 5 0.40% 24.07% IPH Ltd 6 0.76% -6.25% CIE Automotive SA 7 0.65% 7.70% Booz Allen Hamilton Holding Corp, Class A 8 1.12% 3.25% Monolithic Power Systems Inc 9 0.69% -1.34% RenaissanceRe Holdings Ltd 10 2.16% -1.11% As of: 06/30/2022 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Fund Holdings Sort order Avg. Weight Total Return Silvergate Capital Corp, Class A 20 0.88% -64.45% First Advantage Corp 19 1.50% -37.25% KION Group AG 18 1.38% -36.46% Totvs SA 17 1.20% -41.90% National Vision Holdings Inc 16 1.22% -36.88% Hilton Grand Vacations Inc 15 1.48% -31.30% Viaplay Group AB, Class B 14 0.76% -50.18% CyberArk Software Ltd 13 1.71% -24.17% Rotork PLC 12 1.09% -31.15% Grafton Group PLC 11 1.33% -25.85% As of: 06/30/2022 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Regional Allocation As of: 06/30/2022 View Allocation Details Allocation Details TimesSquare Global Small Cap Fund (TSYZX) Sector Allocation (Equity) Investment Allocation Country Allocation Regional Allocation Top 10 Industries Sector Sort Order Fund MSCI World Small Cap Index Industrials 26.52% 18.47% Financials 15.83% 14.04% Information Technology 14.48% 11.51% Consumer Discretionary 11.29% 11.99% Health Care 8.33% 10.67% Cash & Other 7.74% 0.00% Consumer Staples 6.22% 4.99% Communication Services 3.15% 2.92% Materials 2.74% 7.34% Energy 2.04% 4.82% Real Estate 0.99% 10.05% Utilities 0.67% 3.20% Bonds 0.00% 0.00% Futures 0.00% 0.00% Other Equities 0.00% 0.00% As of: 06/30/2022 Investment Allocation 06/30/2022 Stocks 92.26% Bonds 0.00% Cash and Other 7.74% As of: 06/30/2022 Country Fund MSCI World Small Cap Index United States 33.84% 59.74% United Kingdom 10.18% 6.02% Japan 8.82% 10.99% Australia 4.41% 3.62% Denmark 3.82% 0.67% Israel 3.19% 1.08% France 3.17% 1.33% Sweden 3.08% 2.00% Bermuda 2.46% 0.00% Finland 2.23% 0.55% Spain 2.20% 0.69% Ireland 2.01% 0.22% Brazil 1.85% 0.00% Germany 1.74% 1.67% Italy 1.62% 1.06% % in Top 15 Countries 84.62% 89.64% As of: 06/30/2022 Region Fund MSCI World Small Cap Index Developed 83.00% 100.00% Europe & Middle East 35.22% 19.55% North America 34.55% 63.79% Pacific 13.23% 16.66% Emerging 5.74% 0.00% Asia 3.89% 0.00% Latin America 1.85% 0.00% Europe & Middle East 0.00% 0.00% Africa 0.00% 0.00% Frontier 0.00% 0.00% Africa 0.00% 0.00% Asia 0.00% 0.00% Europe 0.00% 0.00% Latin America 0.00% 0.00% Middle East 0.00% 0.00% Cash & Other 11.27% 0.00% As of: 06/30/2022 Industry Fund MSCI World Small Cap Index Capital Markets 7.98% 2.38% Insurance 6.71% 2.61% Machinery 5.75% 4.47% Software 5.62% 3.93% IT Services 4.49% 2.09% Health Care Providers & Services 4.33% 2.24% Professional Services 4.30% 1.89% Commercial Services & Supplies 4.01% 1.84% Food & Staples Retailing 3.72% 1.41% Construction & Engineering 3.17% 1.93% % in Top 10 Industries 50.08% 24.79% As of: 06/30/2022 Read Important Investment Disclosures Investment Approach Investment Approach TimesSquare Global Small Cap Fund The Fund seeks to outperform the MSCI World Small Cap Index over a full market cycle. TimesSquare’s investment team uses a bottom up, fundamental research-intensive approach to identify small cap stocks around the globe with the greatest potential to achieve price appreciation over a 12- to 18-month horizon. Equity Style Analysis: Growth vs. Value Growth stocks have outperformed value stocks recently testing investor's patience to stay diversified. Although it is nearly impossible to predict when and to what extent growth and value performance trends will reverse themselves, historically they have. Rather than try to predict future trends, investors should consider remaining diversified over the long term. Read Full Perspective About About TimesSquare Capital Management Background 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 More Funds From TimesSquare Capital Management TQENX TimesSquare Emerging Markets Small Cap Fund The Fund seeks to outperform the MSCI Emerging Markets Small Cap Index over a full market cycle. View Fund Details TCMPX TimesSquare International Small Cap Fund The Fund seeks to outperform the MSCI EAFE Small Cap Index over a full market cycle. View Fund Details TMDPX TimesSquare Mid Cap Growth Fund Seeks to provide long-term capital appreciation by investing primarily in mid cap companies. View Fund Details TSCPX TimesSquare Small Cap Growth Fund Seeks to provide long-term capital appreciation by primarily investing in small cap companies. View Fund Details Read Important Investment Disclosures Founded 2000 Headquarters New York, NY Affiliate Since 2004 Discover how the boutique advantage helps generate alpha. Learn More About AMG