Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class Z N I Z NAV | as of 04/25/2024 $10.69 -$0.06 (-0.56%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 135 Global Small/Mid Stock funds as of 03/31/2024 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 05/30/2018 to 03/31/2024 = $12,452.49 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 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 2023 Distributions View All Documents 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 Small-Growth. It invests in small-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 03/31/2024 Overall Rating (of 135) 3 Years (of 135) 5 Years (of 119) 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. Mark E. Grzymski PARNTER, PORTFOLIO MANAGER Mark is a Partner and Portfolio Manager/Analyst on TimesSquare’s U.S. equity team. He is responsible for research coverage of the industrial, machinery, transportation, aerospace, defense, and materials and processing industries. Prior to joining TimesSquare in 2008, Mark was a Director at RBC Capital Markets covering industrial manufacturing and services companies. His previous research analyst experiences were as a Vice President at Needham & Company and as an associate analyst at Prospector Partners LLC. Mark has a BSBA in management from Bucknell University and an MBA from the Graduate School of Business at Fordham 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: 4.92% Net Expense Ratio: 1.00% Expense Cap Expiration Date: 05/01/2024 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 14, 2023 $0.059100 $0.059100 — — Dec 15, 2022 $0.019900 $0.019900 — — Dec 15, 2021 $0.886700 $0.029500 — $0.857200 Dec 16, 2019 $0.131900 $0.131900 — — From: To: Risk & Return Statistics As of: 03/31/2024 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. -1.52 -1.40 - 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. 18.90 21.06 - 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. -0.16 0.18 - 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. 87.37 84.75 - 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. 97.97 98.40 - 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. 0.96 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. 92.23 93.62 - Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 5.32 5.43 - View All Characteristics & Statistics All Characteristics & Statistics 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.$) $2 Number of Holdings 82 4,138 Weighted Avg. Market Cap (Mil.$) $6,290 $4,892 Median Market Cap (Mil.$) $4,603 $1,586 Weighted Avg. P/E (1-yr Forward EPS) 20.97 15.30 Weighted Avg. P/E (Trailing EPS) 23.75 16.35 PEG Ratio 1.56 1.24 Weighted Avg. P/B 2.99 1.78 EPS Growth (Trailing 3-yr %) 15.95% 12.14% EPS Growth (Trailing 5-yr %) 14.78% 10.00% Forward EPS Growth (1-yr %) 6.70% 2.74% Forward EPS Growth (Long Term %) 14.23% 11.08% Revenue Growth (Trailing 5-yr %) 12.25% 8.41% Return on Equity 13.52% 11.00% Weighted Avg. Dividend Yield 1.19% 1.95% Debt to Equity 74.32 81.51 Trailing 12-Months Portfolio Turnover 65.91% As of: 03/31/2024 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. -1.52 -1.40 - 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. 18.90 21.06 - 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. -0.16 0.18 - 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. 87.37 84.75 - 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. 97.97 98.40 - 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. 0.96 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. 92.23 93.62 - Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 5.32 5.43 - 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 -0.36 - 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. -3.23 4.08 - 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. -34.30 -34.30 - As of: 03/31/2024 Market Cap Fund MSCI World Small Cap Index Market Cap ($mm) 0 - 1,000 6.01% 8.50% Market Cap ($mm) 1,000 - 1,500 8.35% 7.69% Market Cap ($mm) 1,500 - 2,500 4.66% 14.68% Market Cap ($mm) 2,500 - 5,000 31.83% 31.17% Market Cap ($mm) 5,000 - 10,000 32.35% 30.03% Market Cap ($mm) 10,000 - 25,000 16.80% 7.54% Market Cap ($mm) 25,000 - 50,000 0.00% 0.37% Market Cap ($mm) 50,000 - 100,000 0.00% 0.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.02% As of: 03/31/2024 Valuation Characteristics Fund MSCI World Small Cap Index P/E 0-10 2.31% 13.25% P/E 10-15 9.78% 15.54% P/E 15-20 13.11% 12.41% P/E 20-25 8.45% 11.17% P/E 25-Above 53.46% 34.03% P/E – NA 12.89% 13.60% As of: 03/31/2024 Growth Characteristics Fund MSCI World Small Cap Index EPS Growth (Trailing 3-yr %) - Negative 20.22% 23.17% EPS Growth (Trailing 3-yr %) 0 - 5 5.10% 5.94% EPS Growth (Trailing 3-yr %) 5 - 10 10.71% 5.89% EPS Growth (Trailing 3-yr %) 10 - 15 6.66% 5.47% EPS Growth (Trailing 3-yr %) 15 - 20 7.74% 4.32% EPS Growth (Trailing 3-yr %) Above 20 27.34% 31.19% EPS Growth (Trailing 3-yr %) - NA 22.22% 24.01% As of: 03/31/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 03/31/2024 EMCOR Group Inc 3.05% Regal Rexnord Corp 2.68% Webster Financial Corp 2.52% Esab Corp 2.38% Performance Food Group Co 2.37% National Storage Affiliates Trust 2.27% CyberArk Software Ltd 2.18% Casella Waste Systems Inc, Class A 2.15% Nice Ltd ADR 2.14% Synaptics Inc 2.12% % in Top 10 Holdings 23.86% View Holding Details Holding Details TimesSquare Global Small Cap Fund (TSYZX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 03/31/2024 EMCOR Group Inc 3.05% Regal Rexnord Corp 2.68% Webster Financial Corp 2.52% Esab Corp 2.38% Performance Food Group Co 2.37% National Storage Affiliates Trust 2.27% CyberArk Software Ltd 2.18% Casella Waste Systems Inc, Class A 2.15% Nice Ltd ADR 2.14% Synaptics Inc 2.12% % in Top 10 Holdings 23.86% As of: 03/31/2024 Download All Holdings (PDF) As of: 03/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund EME EMCOR Group Inc Industrials S US USD 170 350.20 $59,534 3.05% RRX Regal Rexnord Corp Industrials S US USD 290 180.10 $52,229 2.68% WBS Webster Financial Corp Financials S US USD 970 50.77 $49,247 2.52% ESAB Esab Corp Industrials S US USD 420 110.57 $46,439 2.38% PFGC Performance Food Group Co Consumer Staples S US USD 620 74.64 $46,277 2.37% NSA National Storage Affiliates Trust Real Estate S US USD 1,130 39.16 $44,251 2.27% CYBR CyberArk Software Ltd Information Technology S IL USD 160 265.63 $42,501 2.18% CWST Casella Waste Systems Inc, Class A Industrials S US USD 425 98.87 $42,020 2.15% NICE Nice Ltd ADR Information Technology S IL USD 160 260.62 $41,699 2.14% SYNA Synaptics Inc Information Technology S US USD 425 97.56 $41,463 2.12% SDF Steadfast Group Ltd Financials S AU AUD 10,425 3.83 $39,944 2.05% CHE Chemed Corp Health Care S US USD 60 641.93 $38,516 1.97% 5838 Rakuten Bank Ltd Financials S JP JPY 1,850 19.96 $36,920 1.89% BC Brunswick Corp Consumer Discretionary S US USD 355 96.52 $34,265 1.76% ONTO Onto Innovation Inc Information Technology S US USD 185 181.08 $33,500 1.72% WSC WillScot Mobile Mini Holdings Corp, Class A Industrials S US USD 700 46.50 $32,550 1.67% TTEK Tetra Tech Inc Industrials S US USD 175 184.71 $32,324 1.66% FROG JFrog Ltd Information Technology S IL USD 725 44.22 $32,060 1.64% ARCO Arcos Dorados Holdings Inc, Class A Consumer Discretionary S UY USD 2,880 11.12 $32,026 1.64% RNR RenaissanceRe Holdings Ltd Financials S BM USD 135 235.03 $31,729 1.63% OLED Universal Display Corp Information Technology S US USD 180 168.45 $30,321 1.55% IAS Integral Ad Science Holding Corp Communication Services S US USD 2,960 9.97 $29,511 1.51% WRBY Warby Parker Inc, Class A Consumer Discretionary S US USD 2,050 13.61 $27,901 1.43% MTSI MACOM Technology Solutions Holdings Inc Information Technology S US USD 290 95.64 $27,736 1.42% 4373 Simplex Holdings Inc Information Technology S JP JPY 1,500 18.46 $27,692 1.42% WK Workiva Inc, Class A Information Technology S US USD 320 84.80 $27,136 1.39% DRVN Driven Brands Holdings Inc Industrials S US USD 1,690 15.79 $26,685 1.37% AZEK AZEK Co Inc, Class A Industrials S US USD 530 50.22 $26,617 1.36% 3774 Internet Initiative Japan Inc Communication Services S JP JPY 1,425 18.67 $26,608 1.36% 8972 KDX Realty Investment Corp, Class A Real Estate S JP JPY 25 1,062.89 $26,572 1.36% MVBF MVB Financial Corp Financials S US USD 1,190 22.31 $26,549 1.36% AFN Ag Growth International Inc Industrials S CA CAD 550 45.30 $24,915 1.28% HXL Hexcel Corp Industrials S US USD 330 72.85 $24,041 1.23% VIS Viscofan SA Consumer Staples S ES EUR 375 63.57 $23,838 1.22% SAFT Safety Insurance Group Inc Financials S US USD 290 82.19 $23,835 1.22% JKHY Jack Henry & Associates Inc Financials S US USD 135 173.73 $23,454 1.20% AVNT Avient Corp Materials S US USD 540 43.40 $23,436 1.20% SAABB Saab AB Industrials S SE SEK 250 88.95 $22,238 1.14% EHC Encompass Health Corp Health Care S US USD 265 82.58 $21,884 1.12% WEIR Weir Group PLC Industrials S GB GBP 850 25.54 $21,713 1.11% TMCI Treace Medical Concepts Inc Health Care S US USD 1,650 13.05 $21,533 1.10% 3038 Kobe Bussan Co Ltd Consumer Staples S JP JPY 875 24.50 $21,440 1.10% PJT PJT Partners Inc, Class A Financials S US USD 220 94.26 $20,737 1.06% SFZN Siegfried Holding Ag Health Care S CH CHF 20 1,021.10 $20,422 1.05% 8174 Nippon Gas Co Ltd Utilities S JP JPY 1,175 16.84 $19,790 1.01% KGX KION Group AG Industrials S DE EUR 366 52.60 $19,253 0.99% DPLM Diploma PLC Industrials S GB GBP 400 46.97 $18,789 0.96% AUTO Auto Trader Group PLC 144A Communication Services S GB GBP 2,100 8.83 $18,545 0.95% 9336 Daiei Kankyo Co Ltd Industrials S JP JPY 1,050 17.53 $18,407 0.94% SOP Sopra Steria Group Information Technology S FR EUR 75 242.34 $18,176 0.93% DHG Dalata Hotel Group PLC Consumer Discretionary S IE EUR 3,700 4.86 $17,983 0.92% 5842 Integral Corp Financials S JP JPY 700 24.88 $17,413 0.89% 4527 Rohto Pharmaceutical Co Ltd Consumer Staples S JP JPY 875 19.43 $17,001 0.87% SAVE Nordnet AB publ Financials S SE SEK 900 18.35 $16,514 0.85% TOY Spin Master Corp 144A Consumer Discretionary S CA CAD 625 25.59 $15,992 0.82% 8111 Goldwin Inc Consumer Discretionary S JP JPY 250 63.67 $15,918 0.82% NEX Nexans SA Industrials S FR EUR 150 104.54 $15,681 0.80% PI Impinj Inc Information Technology S US USD 120 128.41 $15,409 0.79% ASND Ascendis Pharma A/S ADR Health Care S DK USD 100 151.17 $15,117 0.77% UTG UNITE Group PLC Real Estate S GB GBP 1,200 12.37 $14,844 0.76% ARCAD Arcadis NV Industrials S NL EUR 225 61.24 $13,779 0.71% MODG Topgolf Callaway Brands Corp Consumer Discretionary S US USD 835 16.17 $13,502 0.69% FBK FinecoBank Banca Fineco SpA Financials S IT EUR 900 14.98 $13,479 0.69% TE Technip Energies NV Energy S FR EUR 525 25.30 $13,281 0.68% GAW Games Workshop Group PLC Consumer Discretionary S GB GBP 100 126.72 $12,672 0.65% HUH1V Huhtamaki Oyj Materials S FI EUR 300 41.89 $12,568 0.64% FNOX Fortnox AB Information Technology S SE SEK 2,000 6.25 $12,494 0.64% 2175 SMS Co Ltd Industrials S JP JPY 725 17.20 $12,468 0.64% CIE CIE Automotive SA Consumer Discretionary S ES EUR 425 28.68 $12,189 0.62% TOTS3 Totvs SA Information Technology S BR BRL 2,133 5.68 $12,117 0.62% XENE Xenon Pharmaceuticals Inc Health Care S CA USD 280 43.05 $12,054 0.62% AMP Amplifon SpA Health Care S IT EUR 300 36.45 $10,936 0.56% TXG 10X Genomics Inc, Class A Health Care S US USD 270 37.53 $10,133 0.52% IPH IPH Ltd Industrials S AU AUD 2,375 4.11 $9,762 0.50% ROR Rotork PLC Industrials S GB GBP 2,275 4.15 $9,446 0.48% TOP Topdanmark A/S Financials S DK DKK 200 42.67 $8,534 0.44% PSI Pason Systems Inc Energy S CA CAD 700 11.55 $8,082 0.41% 2345 Accton Technology Corp Information Technology S TW TWD 550 14.33 $7,882 0.40% TATE Tate & Lyle PLC Consumer Staples S GB GBP 1,000 7.79 $7,794 0.40% 9090 AZ-COM MARUWA Holdings Inc Industrials S JP JPY 775 8.95 $6,940 0.36% WCC WESCO International Inc Industrials S US USD 2 171.28 $343 0.02% ALAB Astera Labs Inc Information Technology S US USD 3 74.19 $223 0.01% Cash & Equivalents Cash C US USD - - $50,075 2.57% Fund Holdings Sort order Avg. Weight Total Return EMCOR Group Inc 1 2.62% 62.65% Esab Corp 2 2.06% 27.70% Rakuten Bank Ltd 3 1.68% 36.29% CyberArk Software Ltd 4 2.33% 21.26% Nice Ltd ADR 5 1.90% 30.63% Regal Rexnord Corp 6 2.06% 21.84% Saab AB 7 1.12% 47.67% AZEK Co Inc, Class A 8 1.21% 31.29% JFrog Ltd 9 1.47% 27.77% Casella Waste Systems Inc, Class A 10 2.19% 15.69% As of: 03/31/2024 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Fund Holdings Sort order Avg. Weight Total Return Integral Ad Science Holding Corp 20 1.95% -30.72% Synaptics Inc 19 2.88% -14.48% Workiva Inc, Class A 18 1.45% -16.48% Universal Display Corp 17 1.60% -11.77% 10X Genomics Inc, Class A 16 0.36% -22.57% Exponent Inc 15 0.56% -11.68% Marten Transport Ltd 14 0.97% -12.53% Kobe Bussan Co Ltd 13 0.83% -16.44% SMS Co Ltd 12 0.70% -16.31% Arcos Dorados Holdings Inc, Class A 11 1.11% -11.89% As of: 03/31/2024 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 Regional Allocation As of: 03/31/2024 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 27.47% 20.59% Information Technology 18.98% 11.08% Financials 15.80% 14.92% Consumer Discretionary 9.35% 13.51% Health Care 7.72% 9.72% Consumer Staples 5.96% 4.64% Real Estate 4.39% 7.80% Communication Services 3.83% 2.80% Cash & Other 2.57% 0.00% Materials 1.84% 7.47% Energy 1.09% 5.08% Utilities 1.01% 2.37% Other Equities 0.00% 0.02% As of: 03/31/2024 Investment Allocation 03/31/2024 Stocks 97.43% Bonds 0.00% Cash and Other 2.57% As of: 03/31/2024 Country Fund MSCI World Small Cap Index United States 49.88% 61.14% Japan 12.66% 12.23% Israel 5.96% 1.03% United Kingdom 5.32% 5.16% Canada 3.13% 3.71% Sweden 2.63% 2.08% Australia 2.55% 3.31% France 2.41% 1.34% Spain 1.85% 0.68% Uruguay 1.64% 0.00% Bermuda 1.63% 0.00% Italy 1.25% 1.22% Denmark 1.21% 0.76% Switzerland 1.05% 1.55% Germany 0.99% 1.60% % in Top 15 Countries 94.16% 95.81% As of: 03/31/2024 Region Fund MSCI World Small Cap Index Developed 93.14% 100.00% Europe & Middle East 24.93% 18.23% North America 53.01% 64.85% Pacific 15.21% 16.91% Emerging 1.02% 0.00% Asia 0.40% 0.00% Latin America 0.62% 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 5.83% 0.00% As of: 03/31/2024 Industry Fund MSCI World Small Cap Index Software 8.61% 4.23% Semiconductors & Semiconductor Equipment 7.62% 2.20% Banks 6.47% 6.01% Machinery 6.24% 5.20% Commercial Services & Supplies 6.12% 1.83% Insurance 5.33% 2.93% Construction & Engineering 4.72% 2.33% Leisure Products 3.92% 0.71% Health Care Providers & Services 3.65% 1.86% Electrical Equipment 3.48% 1.73% % in Top 10 Industries 56.16% 29.03% As of: 03/31/2024 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 Magnus S. Larsson DIRECTOR AND PORTFOLIO MANAGER Read full bio Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Read full bio Mark E. Grzymski PARNTER, PORTFOLIO MANAGER Read full bio 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. Related products Other Products From TimesSquare Capital Management TQENX TimesSquare Emerging Markets Small Cap Fund View Fund Details TCMPX TimesSquare International Small Cap Fund View Fund Details TMDPX TimesSquare Mid Cap Growth 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