Fund Overview Fund Overview Share Class N N I Z NAV | as of 12/06/2022 $13.81 -$0.22 (-1.57%) Morningstar | Style Box V B G L M S Overall Morningstar Rating Rated against 534 Mid-Cap Growth funds as of 11/30/2022 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 03/04/2005 to 11/30/2022 = $56,057.14 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 investing primarily in mid cap companies. Why Consider May be appropriate for investors looking to gain exposure to mid cap companies TimesSquare leverages its wealth of experience investing in growing companies climbing the capitalization ladder, relying on bottom-up research to identify growth businesses with exceptional management, distinct, sustainable competitive advantages and consistent growth Documents Fact Sheet Commentary Summary Prospectus Prospectus SAI 2021 Year End Distributions View All Documents Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER See Our Approach Read Bio Anthony Rosenthal, CFA SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER | U.S. EQUITY INVESTMENT TEAM See Our Approach Read Bio Sonu Chawla DIRECTOR, PORTFOLIO MANAGER/ANALYST, AND PARTNER See Our Approach Read Bio Investment Style TimesSquare Mid Cap Growth Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective TimesSquare Mid Cap Growth Fund is categorized as Mid-Growth. It invests in medium-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 11/30/2022 Overall Rating (of 534) 3 Years (of 534) 5 Years (of 495) 10 Years (of 389) Category Mid-Cap 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. Anthony Rosenthal, CFA SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND 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. Sonu Chawla DIRECTOR, PORTFOLIO MANAGER/ANALYST, AND PARTNER Ms. Chawla has served as co-manager of the Fund since May 2022. She is a Director, Portfolio Manager/Analyst, and Partner in TimesSquare’s growth equity group and has 22 years of experience. She is responsible for research coverage of the Software, Technology Services, and Internet & Communications sectors within the technology, media, and telecommunications (“TMT”) industry. Ms. Chawla joined TimesSquare in August 2018 from Pine River Capital Management, a multi-strategy hedge fund where she was a Senior Analyst covering TMT sectors across Software, Internet, Services, Hardware, and Telecom. Her previous research analyst experiences were as a Senior TMT Analyst at Surveyor Capital platform of Citadel and an Analyst at Fred Alger Management. Ms. Chawla has an MS in mathematics and computer science from Indian Institute of Technology, Delhi, and an MBA from Kellogg School of Management at Northwestern University. She is a member of the CFA Institute and the CFA Society New York. Ms. Chawla is conversational in Hindi. 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: 1.18% Net Expense Ratio: 1.18% Expense Cap Expiration Date: N/A Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Dec 15, 2021 $5.429700 — $0.522100 $4.907600 Dec 16, 2020 $3.775200 — $0.137400 $3.637800 Dec 16, 2019 $2.855600 — $0.058700 $2.796900 Dec 27, 2018 $2.535500 — $0.290200 $2.245300 Dec 27, 2017 $2.724000 — $0.270500 $2.453500 Dec 27, 2016 $1.008800 — — $1.008800 Dec 28, 2015 $1.316000 — — $1.316000 Dec 26, 2014 $0.932700 — $0.062800 $0.869900 Dec 26, 2013 $2.037000 — $0.099000 $1.938000 Dec 26, 2012 $0.768200 — — $0.768200 Dec 27, 2011 $0.434000 — — $0.434000 Dec 26, 2008 $0.087460 — $0.044330 $0.043130 Dec 26, 2007 $0.810500 $0.017000 $0.430500 $0.363000 Dec 26, 2006 $0.193200 $0.000500 $0.135300 $0.057400 Dec 27, 2005 $0.057000 $0.018000 $0.039000 — From: To: Risk & Return Stats As of: 11/30/2022 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. 2.94 2.64 1.24 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. 21.81 19.35 15.57 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. 0.38 0.51 0.75 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. 93.92 89.19 82.01 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. 91.67 91.80 94.92 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 0.88 0.90 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 96.79 96.88 95.98 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. 4.79 4.24 3.59 View All Characteristics & Stats All Characteristics & Stats TimesSquare Mid Cap Growth Fund (TMDPX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell Midcap® Growth Index Fund Assets (Mil.$) $1,261 Number of Holdings 74 407 Weighted Avg. Market Cap (Mil.$) $22,414 $22,062 Median Market Cap (Mil.$) $14,477 $10,158 Weighted Avg. P/E (1-yr Forward EPS) 19.11 18.94 Weighted Avg. P/E (Trailing EPS) 25.09 22.16 PEG Ratio 1.34 1.16 Weighted Avg. P/B 4.08 5.64 EPS Growth (Trailing 3-yr %) 22.04% 19.26% EPS Growth (Trailing 5-yr %) 23.66% 21.83% Forward EPS Growth (1-yr %) 18.02% 17.71% Forward EPS Growth (Long Term %) 14.13% 17.18% Revenue Growth (Trailing 5-yr %) 15.33% 15.13% Return on Equity 13.24% 21.62% Weighted Avg. Dividend Yield 0.74% 0.77% Debt to Equity 83.24 130.70 Trailing 12-Months Portfolio Turnover 49.13% As of: 09/30/2022 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. 2.94 2.64 1.24 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. 21.81 19.35 15.57 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. 0.38 0.51 0.75 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. 93.92 89.19 82.01 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. 91.67 91.80 94.92 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 0.88 0.90 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 96.79 96.88 95.98 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. 4.79 4.24 3.59 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. 0.54 0.46 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. 9.43 11.13 13.07 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -25.98 -25.98 -25.98 As of: 11/30/2022 Market Cap Fund Russell Midcap® Growth Index Market Cap ($mm) 0 - 1,000 0.00% 0.02% Market Cap ($mm) 1,000 - 1,500 0.50% 0.07% Market Cap ($mm) 1,500 - 2,500 0.90% 0.48% Market Cap ($mm) 2,500 - 5,000 5.50% 4.36% Market Cap ($mm) 5,000 - 10,000 16.43% 13.82% Market Cap ($mm) 10,000 - 25,000 35.84% 41.46% Market Cap ($mm) 25,000 - 50,000 39.47% 39.79% Market Cap ($mm) 50,000 - 100,000 1.37% 0.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 09/30/2022 Valuation Characteristics Fund Russell Midcap® Growth Index P/E 0-10 4.44% 6.64% P/E 10-15 1.68% 5.47% P/E 15-20 9.83% 10.63% P/E 20-25 21.96% 13.42% P/E 25-Above 42.58% 48.36% P/E – NA 19.50% 15.48% As of: 09/30/2022 Growth Characteristics Fund Russell Midcap® Growth Index EPS Growth (Trailing 3-yr %) - Negative 8.04% 10.22% EPS Growth (Trailing 3-yr %) 0 - 5 2.03% 5.25% EPS Growth (Trailing 3-yr %) 5 - 10 7.82% 7.52% EPS Growth (Trailing 3-yr %) 10 - 15 12.78% 11.84% EPS Growth (Trailing 3-yr %) 15 - 20 9.70% 10.74% EPS Growth (Trailing 3-yr %) Above 20 37.35% 33.90% EPS Growth (Trailing 3-yr %) - NA 22.29% 20.54% As of: 09/30/2022 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 09/30/2022 Waste Connections Inc 3.12% Gartner Inc 2.89% Palo Alto Networks Inc 2.71% Cintas Corp 2.63% O'Reilly Automotive Inc 2.60% AmerisourceBergen Corp, Class A 2.31% SBA Communications Corp, Class A 2.30% RenaissanceRe Holdings Ltd 2.23% Crowdstrike Holdings Inc, Class A 2.06% Cheniere Energy Inc 1.99% % in Top 10 Holdings 24.85% View Holding Details Holding Details TimesSquare Mid Cap Growth Fund (TMDPX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 09/30/2022 Waste Connections Inc 3.12% Gartner Inc 2.89% Palo Alto Networks Inc 2.71% Cintas Corp 2.63% O'Reilly Automotive Inc 2.60% AmerisourceBergen Corp, Class A 2.31% SBA Communications Corp, Class A 2.30% RenaissanceRe Holdings Ltd 2.23% Crowdstrike Holdings Inc, Class A 2.06% Cheniere Energy Inc 1.99% % in Top 10 Holdings 24.85% As of: 09/30/2022 Download All Holdings (PDF) As of: 10/31/2022 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund IT Gartner Inc Information Technology S US USD 131,700 301.92 $39,762,864 2.99% ORLY O'Reilly Automotive Inc Consumer Discretionary S US USD 46,000 837.17 $38,509,820 2.90% WCN Waste Connections Inc Industrials S US USD 291,000 131.91 $38,385,810 2.89% CTAS Cintas Corp Industrials S US USD 85,600 427.55 $36,598,280 2.75% PANW Palo Alto Networks Inc Information Technology S US USD 208,900 171.59 $35,845,151 2.70% ABC AmerisourceBergen Corp, Class A Health Care S US USD 215,400 157.22 $33,865,188 2.55% RNR RenaissanceRe Holdings Ltd Financials S BM USD 187,600 154.68 $29,017,968 2.18% SBAC SBA Communications Corp, Class A Real Estate S US USD 102,100 269.90 $27,556,790 2.07% LNG Cheniere Energy Inc Energy S US USD 151,300 176.41 $26,690,833 2.01% CRWD Crowdstrike Holdings Inc, Class A Information Technology S US USD 157,900 161.20 $25,453,480 1.92% IBKR Interactive Brokers Group Inc, Class A Financials S US USD 317,200 80.15 $25,423,580 1.91% APH Amphenol Corp, Class A Information Technology S US USD 323,400 75.83 $24,523,422 1.85% BC Brunswick Corp Consumer Discretionary S US USD 321,000 70.67 $22,685,070 1.71% VRSK Verisk Analytics Inc, Class A Industrials S US USD 120,300 182.83 $21,994,449 1.66% CSGP CoStar Group Inc Industrials S US USD 262,000 82.72 $21,672,640 1.63% KEYS Keysight Technologies Inc Information Technology S US USD 121,600 174.15 $21,176,640 1.59% POOL Pool Corp Consumer Discretionary S US USD 68,750 304.23 $20,915,813 1.57% MLM Martin Marietta Materials Inc Materials S US USD 61,200 335.98 $20,561,976 1.55% PCTY Paylocity Holding Corp Information Technology S US USD 88,000 231.79 $20,397,520 1.54% RPRX Royalty Pharma PLC, Class A Health Care S US USD 481,600 42.32 $20,381,312 1.53% SNPS Synopsys Inc Information Technology S US USD 69,600 292.55 $20,361,480 1.53% MCHP Microchip Technology Inc Information Technology S US USD 325,800 61.74 $20,114,892 1.51% APTV Aptiv PLC Consumer Discretionary S IE USD 218,500 91.07 $19,898,795 1.50% LULU Lululemon Athletica Inc Consumer Discretionary S CA USD 58,800 329.04 $19,347,552 1.46% AME AMETEK Inc Industrials S US USD 148,700 129.66 $19,280,442 1.45% CPRT Copart Inc Industrials S US USD 167,300 115.02 $19,242,846 1.45% CASY Casey's General Stores Inc Consumer Staples S US USD 82,400 232.71 $19,175,304 1.44% CTLT Catalent Inc Health Care S US USD 291,000 65.73 $19,127,430 1.44% FMC FMC Corp Materials S US USD 158,400 118.90 $18,833,760 1.42% PXD Pioneer Natural Resources Co Energy S US USD 72,200 256.41 $18,512,802 1.39% ROST Ross Stores Inc Consumer Discretionary S US USD 193,400 95.69 $18,506,446 1.39% NDAQ Nasdaq Inc Financials S US USD 290,400 62.24 $18,074,496 1.36% CHE Chemed Corp Health Care S US USD 38,700 466.87 $18,067,869 1.36% VAC Marriott Vacations Worldwide Corp Consumer Discretionary S US USD 121,400 147.76 $17,938,064 1.35% NICE Nice Ltd ADR Information Technology S IL USD 93,300 189.89 $17,716,737 1.33% SBNY Signature Bank Financials S US USD 108,300 158.53 $17,168,799 1.29% VEEV Veeva Systems Inc, Class A Health Care S US USD 101,500 167.94 $17,045,910 1.28% ICLR ICON PLC Health Care S IE USD 83,800 197.84 $16,578,992 1.25% MRVL Marvell Technology Inc Information Technology S US USD 413,800 39.68 $16,419,584 1.24% TYL Tyler Technologies Inc Information Technology S US USD 50,600 323.33 $16,360,498 1.23% BAH Booz Allen Hamilton Holding Corp, Class A Industrials S US USD 148,300 108.85 $16,142,455 1.21% NDSN Nordson Corp Industrials S US USD 70,200 225.00 $15,795,000 1.19% IDXX IDEXX Laboratories Inc Health Care S US USD 43,700 359.68 $15,718,016 1.18% EHC Encompass Health Corp Health Care S US USD 284,900 54.44 $15,509,956 1.17% ARGX Argenx SE ADR Health Care S NL USD 39,300 387.93 $15,245,649 1.15% ASND Ascendis Pharma A/S ADR Health Care S DK USD 128,300 115.00 $14,754,500 1.11% CYBR CyberArk Software Ltd Information Technology S IL USD 91,500 156.91 $14,357,265 1.08% MPWR Monolithic Power Systems Inc Information Technology S US USD 41,300 339.45 $14,019,285 1.06% AZPN Aspen Technology Inc Information Technology S US USD 56,000 241.45 $13,521,200 1.02% NVST Envista Holdings Corp Health Care S US USD 409,600 33.01 $13,520,896 1.02% ENTG Entegris Inc Information Technology S US USD 167,600 79.34 $13,297,384 1.00% BSY Bentley Systems Inc, Class B Information Technology S US USD 375,200 35.28 $13,237,056 1.00% HUBB Hubbell Inc, Class B Industrials S US USD 54,500 237.48 $12,942,660 0.97% LEGN Legend Biotech Corp ADR Health Care S US USD 247,400 49.82 $12,325,468 0.93% TPG TPG Inc, Class A Financials S US USD 394,200 30.75 $12,121,650 0.91% CSL Carlisle Cos Inc Industrials S US USD 48,100 238.80 $11,486,280 0.86% PINS Pinterest Inc, Class A Communication Services S US USD 464,300 24.60 $11,421,780 0.86% ROK Rockwell Automation Inc Industrials S US USD 43,100 255.30 $11,003,430 0.83% ESTC Elastic NV Information Technology S US USD 169,000 63.95 $10,807,550 0.81% AOS A O Smith Corp Industrials S US USD 194,400 54.78 $10,649,232 0.80% EFX Equifax Inc Industrials S US USD 62,500 169.54 $10,596,250 0.80% AR Antero Resources Corp Energy S US USD 284,900 36.66 $10,444,434 0.79% FND Floor & Decor Holdings Inc, Class A Consumer Discretionary S US USD 141,200 73.37 $10,359,844 0.78% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 132,000 77.40 $10,216,800 0.77% SMAR Smartsheet Inc, Class A Information Technology S US USD 289,600 34.92 $10,112,832 0.76% HUBS HubSpot Inc Information Technology S US USD 31,600 296.56 $9,371,296 0.71% TTWO Take-Two Interactive Software Inc Communication Services S US USD 74,500 118.48 $8,826,760 0.66% BRO Brown & Brown Inc Financials S US USD 107,300 58.79 $6,308,167 0.47% IOT Samsara Inc, Class A Information Technology S US USD 507,500 12.31 $6,247,325 0.47% ENPH Enphase Energy Inc Information Technology S US USD 17,300 307.00 $5,311,100 0.40% TRU TransUnion Industrials S US USD 70,000 59.27 $4,148,900 0.31% SSNC SS&C Technologies Holdings Inc Information Technology S US USD 78,800 51.42 $4,051,896 0.30% IAC IAC Inc Communication Services S US USD 80,800 48.68 $3,933,344 0.30% OLPX Olaplex Holdings Inc Consumer Staples S US USD 101,000 4.40 $444,400 0.03% Cash & Equivalents Cash C US USD - - $41,161,233 3.10% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Paylocity Holding Corp 1 1.58% 38.50% Cheniere Energy Inc 2 1.74% 24.91% Gartner Inc 3 2.69% 14.42% Waste Connections Inc 4 3.17% 9.14% Carlisle Cos Inc 5 1.38% 17.71% Hubbell Inc, Class B 6 1.03% 25.32% Avalara Inc 7 0.65% 30.03% O'Reilly Automotive Inc 8 1.97% 11.33% Interactive Brokers Group Inc, Class A 9 1.52% 16.31% Nasdaq Inc 10 1.43% 11.73% As of: 09/30/2022 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Catalent Inc 20 2.43% -32.56% Aptiv PLC 19 0.70% -14.50% RenaissanceRe Holdings Ltd 18 2.06% -10.00% Olaplex Holdings Inc 17 1.07% -32.22% SBA Communications Corp, Class A 16 2.45% -10.93% TransUnion 15 1.18% -25.56% Veeva Systems Inc, Class A 14 1.35% -16.74% Signature Bank 13 1.39% -15.56% IAC Inc 12 0.62% -27.10% FleetCor Technologies Inc 11 1.05% -16.15% As of: 09/30/2022 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 Sector Allocation (Equity) As of: 09/30/2022 View Allocation Details Allocation Details TimesSquare Mid Cap Growth Fund (TMDPX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell Midcap® Growth Index Information Technology 30.07% 30.04% Industrials 18.77% 15.27% Health Care 15.31% 16.37% Consumer Discretionary 12.06% 14.43% Financials 7.47% 5.57% Energy 3.93% 4.66% Cash & Other 2.95% 0.00% Materials 2.86% 3.83% Real Estate 2.30% 1.89% Communication Services 2.26% 4.69% Consumer Staples 2.02% 2.98% Utilities 0.00% 0.26% As of: 09/30/2022 Investment Allocation 09/30/2022 Stocks 97.05% Bonds 0.00% Cash and Other 2.95% As of: 09/30/2022 Industry Fund Russell Midcap® Growth Index Software 17.14% 14.57% Commercial Services & Supplies 7.22% 2.27% Semiconductors & Semiconductor Equipment 5.30% 4.26% Professional Services 5.07% 2.38% Specialty Retail 4.68% 4.82% Health Care Providers & Services 4.66% 1.63% IT Services 4.41% 6.04% Oil, Gas & Consumable Fuels 3.93% 4.34% Capital Markets 3.92% 3.40% Electrical Equipment 3.92% 1.20% % in Top 10 Industries 60.25% 44.91% As of: 09/30/2022 Read Important Investment Disclosures Investment Approach Investment Approach TimesSquare Mid Cap Growth Fund The Fund seeks to outperform the Russell Midcap® Growth Index in a risk-controlled manner. The TimesSquare portfolio management team uses a bottom-up, fundamental research-intensive approach to identify mid cap growth stocks that it believes have the greatest potential to achieve significant price appreciation over a 12- to 18-month horizon. The Fund typically invests in companies within the market cap range of the Russell Midcap® Index at time of purchase. Keep Calm and Remain Diversified A Short- and Long-Term Review on the Power of Diversification Read More 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 TSYNX TimesSquare Global Small Cap Fund Seeks to provide long-term capital appreciation by primarily investing in small cap companies around the globe. 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 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