Fund Overview Fund Overview Share Class I N I Z NAV | as of 09/21/2023 $15.05 -$0.32 (-2.08%) Morningstar | Style Box V B G L M S Overall Morningstar Rating Rated against 521 Mid-Cap Growth funds as of 08/31/2023 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 02/24/2017 to 08/31/2023 = $20,821.85 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 800.548.4539. 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. 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 2022 Year End Distributions View All Documents Sonu Chawla DIRECTOR, PORTFOLIO MANAGER/ANALYST, AND PARTNER See Our Approach Read Bio Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER 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 08/31/2023 Overall Rating (of 521) 3 Years (of 521) 5 Years (of 490) 10 Years — Category Mid-Cap Growth Read Important Investment Disclosures 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. 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. 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 less than one year are not annualized. Expense Ratios Gross Expense Ratio: 1.03% Net Expense Ratio: 1.03% 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, 2022 $0.509600 — — $0.509600 Dec 15, 2021 $5.452400 $0.022700 $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 From: To: Risk & Return Stats As of: 08/31/2023 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. 3.42 2.58 - Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 17.90 19.84 - 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. 0.30 0.42 - 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. 95.29 90.52 - 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. 89.30 92.97 - 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. 0.85 0.89 - 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. 95.91 96.81 - 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. 4.76 4.36 - View All Characteristics & Stats All Characteristics & Stats TimesSquare Mid Cap Growth Fund (TQMIX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell Midcap® Growth Index Fund Assets (Mil.$) $1,237 Number of Holdings 74 334 Weighted Avg. Market Cap (Mil.$) $27,489 $25,338 Median Market Cap (Mil.$) $17,361 $11,417 Weighted Avg. P/E (1-yr Forward EPS) 23.23 24.29 Weighted Avg. P/E (Trailing EPS) 27.75 28.16 PEG Ratio 1.41 1.56 Weighted Avg. P/B 5.37 8.32 EPS Growth (Trailing 3-yr %) 21.96% 17.45% EPS Growth (Trailing 5-yr %) 18.22% 17.65% Forward EPS Growth (1-yr %) 9.01% 9.66% Forward EPS Growth (Long Term %) 14.79% 15.94% Revenue Growth (Trailing 5-yr %) 15.88% 16.53% Return on Equity 12.07% 19.97% Weighted Avg. Dividend Yield 0.67% 0.70% Debt to Equity 101.08 130.14 Trailing 12-Months Portfolio Turnover 43.20% As of: 06/30/2023 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. 3.42 2.58 - Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 17.90 19.84 - 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. 0.30 0.42 - 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. 95.29 90.52 - 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. 89.30 92.97 - 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. 0.85 0.89 - 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. 95.91 96.81 - 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. 4.76 4.36 - 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. 0.66 0.46 - Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. 6.31 9.33 - 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. -25.91 -25.91 - As of: 08/31/2023 Market Cap Fund Russell Midcap® Growth Index Market Cap ($mm) 0 - 1,000 0.00% 0.01% Market Cap ($mm) 1,000 - 1,500 0.90% 0.03% Market Cap ($mm) 1,500 - 2,500 1.32% 0.07% Market Cap ($mm) 2,500 - 5,000 1.34% 2.30% Market Cap ($mm) 5,000 - 10,000 19.16% 12.25% Market Cap ($mm) 10,000 - 25,000 27.65% 36.30% Market Cap ($mm) 25,000 - 50,000 35.46% 46.88% Market Cap ($mm) 50,000 - 100,000 14.16% 2.15% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 06/30/2023 Valuation Characteristics Fund Russell Midcap® Growth Index P/E 0-10 3.13% 2.68% P/E 10-15 3.55% 2.13% P/E 15-20 3.87% 7.75% P/E 20-25 9.62% 11.21% P/E 25-Above 63.10% 56.59% P/E – NA 16.72% 19.64% As of: 06/30/2023 Growth Characteristics Fund Russell Midcap® Growth Index EPS Growth (Trailing 3-yr %) - Negative 8.27% 12.38% EPS Growth (Trailing 3-yr %) 0 - 5 5.74% 4.33% EPS Growth (Trailing 3-yr %) 5 - 10 5.50% 8.70% EPS Growth (Trailing 3-yr %) 10 - 15 9.17% 8.08% EPS Growth (Trailing 3-yr %) 15 - 20 10.91% 9.16% EPS Growth (Trailing 3-yr %) Above 20 40.48% 32.94% EPS Growth (Trailing 3-yr %) - NA 19.93% 24.40% As of: 06/30/2023 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 06/30/2023 O'Reilly Automotive Inc 2.90% Palo Alto Networks Inc 2.80% Synopsys Inc 2.69% Gartner Inc 2.68% Waste Connections Inc 2.60% Cintas Corp 2.57% AmerisourceBergen Corp, Class A 2.30% Cheniere Energy Inc 2.04% RenaissanceRe Holdings Ltd 1.90% Verisk Analytics Inc, Class A 1.89% % in Top 10 Holdings 24.38% View Holding Details Holding Details TimesSquare Mid Cap Growth Fund (TQMIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 06/30/2023 O'Reilly Automotive Inc 2.90% Palo Alto Networks Inc 2.80% Synopsys Inc 2.69% Gartner Inc 2.68% Waste Connections Inc 2.60% Cintas Corp 2.57% AmerisourceBergen Corp, Class A 2.30% Cheniere Energy Inc 2.04% RenaissanceRe Holdings Ltd 1.90% Verisk Analytics Inc, Class A 1.89% % in Top 10 Holdings 24.38% As of: 06/30/2023 Download All Holdings (PDF) As of: 08/31/2023 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund IT Gartner Inc Information Technology S US USD 94,725 349.68 $33,123,438 2.72% CTAS Cintas Corp Industrials S US USD 64,000 504.17 $32,266,880 2.64% ORLY O'Reilly Automotive Inc Consumer Discretionary S US USD 33,600 939.70 $31,573,920 2.59% PANW Palo Alto Networks Inc Information Technology S US USD 129,417 243.30 $31,487,156 2.58% WCN Waste Connections Inc Industrials S US USD 220,875 136.99 $30,257,666 2.48% SNPS Synopsys Inc Information Technology S US USD 62,965 458.89 $28,894,009 2.37% LNG Cheniere Energy Inc Energy S US USD 165,900 163.20 $27,074,880 2.22% COR Cencora Inc Health Care S US USD 148,100 175.98 $26,062,638 2.14% VRSK Verisk Analytics Inc, Class A Industrials S US USD 100,000 242.22 $24,222,000 1.99% CHE Chemed Corp Health Care S US USD 47,125 511.44 $24,101,610 1.98% RNR RenaissanceRe Holdings Ltd Financials S BM USD 126,100 187.89 $23,692,929 1.94% HUBS HubSpot Inc Information Technology S US USD 40,700 546.52 $22,243,364 1.82% CRWD Crowdstrike Holdings Inc, Class A Information Technology S US USD 131,700 163.03 $21,471,051 1.76% APH Amphenol Corp, Class A Information Technology S US USD 241,400 88.38 $21,334,932 1.75% CSGP CoStar Group Inc Real Estate S US USD 252,800 81.99 $20,727,072 1.70% IDXX IDEXX Laboratories Inc Health Care S US USD 40,500 511.41 $20,712,105 1.70% CPRT Copart Inc Industrials S US USD 455,400 44.83 $20,415,582 1.67% MCHP Microchip Technology Inc Information Technology S US USD 248,600 81.84 $20,345,424 1.67% ROST Ross Stores Inc Consumer Discretionary S US USD 166,700 121.81 $20,305,727 1.66% IBKR Interactive Brokers Group Inc, Class A Financials S US USD 222,900 91.08 $20,301,732 1.66% TER Teradyne Inc Information Technology S US USD 184,300 107.87 $19,880,441 1.63% BC Brunswick Corp Consumer Discretionary S US USD 246,300 79.12 $19,487,256 1.60% MLM Martin Marietta Materials Inc Materials S US USD 42,600 446.41 $19,017,066 1.56% AME AMETEK Inc Industrials S US USD 118,900 159.51 $18,965,739 1.55% MPWR Monolithic Power Systems Inc Information Technology S US USD 34,700 521.21 $18,085,987 1.48% GFL GFL Environmental Inc Industrials S CA USD 552,604 32.40 $17,904,370 1.47% BSY Bentley Systems Inc, Class B Information Technology S US USD 352,800 49.91 $17,608,248 1.44% VEEV Veeva Systems Inc, Class A Health Care S US USD 83,100 208.70 $17,342,970 1.42% NICE Nice Ltd ADR Information Technology S IL USD 88,600 194.80 $17,259,280 1.41% TYL Tyler Technologies Inc Information Technology S US USD 43,300 398.43 $17,252,019 1.41% TPG TPG Inc, Class A Financials S US USD 581,520 28.12 $16,352,342 1.34% STVN Stevanato Group SpA Health Care S IT USD 504,245 32.04 $16,156,010 1.32% LEGN Legend Biotech Corp ADR Health Care S US USD 231,000 69.36 $16,022,160 1.31% EHC Encompass Health Corp Health Care S US USD 224,900 71.04 $15,976,896 1.31% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 236,300 67.39 $15,924,257 1.31% ICLR ICON PLC Health Care S IE USD 59,900 259.94 $15,570,406 1.28% PINS Pinterest Inc, Class A Communication Services S US USD 564,300 27.49 $15,512,607 1.27% APTV Aptiv PLC Consumer Discretionary S IE USD 149,400 101.45 $15,156,630 1.24% FND Floor & Decor Holdings Inc, Class A Consumer Discretionary S US USD 148,800 99.70 $14,835,360 1.22% EFX Equifax Inc Industrials S US USD 71,000 206.70 $14,675,700 1.20% PXD Pioneer Natural Resources Co Energy S US USD 60,500 237.93 $14,394,765 1.18% SMAR Smartsheet Inc, Class A Information Technology S US USD 343,200 41.73 $14,321,736 1.17% ARGX Argenx SE ADR Health Care S NL USD 28,300 502.49 $14,220,467 1.17% PCTY Paylocity Holding Corp Industrials S US USD 70,600 200.50 $14,155,300 1.16% CYBR CyberArk Software Ltd Information Technology S IL USD 80,100 166.04 $13,299,804 1.09% POOL Pool Corp Consumer Discretionary S US USD 35,550 365.60 $12,997,080 1.07% TSCO Tractor Supply Co Consumer Discretionary S US USD 59,300 218.50 $12,957,050 1.06% HCP HashiCorp Inc, Class A Information Technology S US USD 442,135 29.16 $12,892,657 1.06% RPM RPM International Inc Materials S US USD 127,300 99.74 $12,696,902 1.04% WEX WEX Inc Financials S US USD 64,300 196.18 $12,614,374 1.03% WSO Watsco Inc Industrials S US USD 34,200 364.55 $12,467,610 1.02% ASND Ascendis Pharma A/S ADR Health Care S DK USD 126,800 98.02 $12,428,936 1.02% FIVE Five Below Inc Consumer Discretionary S US USD 71,200 171.96 $12,243,552 1.00% CSL Carlisle Cos Inc Industrials S US USD 46,400 263.02 $12,204,128 1.00% BRO Brown & Brown Inc Financials S US USD 161,200 74.10 $11,944,920 0.98% NVST Envista Holdings Corp Health Care S US USD 370,400 32.02 $11,860,208 0.97% KNX Knight-Swift Transportation Holdings Inc, Class A Industrials S US USD 214,900 54.82 $11,780,818 0.97% AZPN Aspen Technology Inc Information Technology S US USD 60,200 194.00 $11,678,800 0.96% NDSN Nordson Corp Industrials S US USD 47,600 244.14 $11,621,064 0.95% AOS A O Smith Corp Industrials S US USD 149,600 72.50 $10,846,000 0.89% MRVL Marvell Technology Inc Information Technology S US USD 182,960 58.25 $10,657,420 0.87% ESTC Elastic NV Information Technology S US USD 167,200 61.88 $10,346,336 0.85% RPRX Royalty Pharma PLC, Class A Health Care S US USD 343,800 29.82 $10,252,116 0.84% LSCC Lattice Semiconductor Corp Information Technology S US USD 104,500 97.26 $10,163,670 0.83% RGEN Repligen Corp Health Care S US USD 57,548 173.91 $10,008,173 0.82% IAC IAC Inc Communication Services S US USD 174,510 55.33 $9,655,638 0.79% TTWO Take-Two Interactive Software Inc Communication Services S US USD 64,200 142.20 $9,129,240 0.75% KEYS Keysight Technologies Inc Information Technology S US USD 65,245 133.30 $8,697,159 0.71% SWAV Shockwave Medical Inc Health Care S US USD 34,400 220.39 $7,581,416 0.62% IOT Samsara Inc, Class A Information Technology S US USD 196,900 27.36 $5,387,184 0.44% NDAQ Nasdaq Inc Financials S US USD 80,100 52.48 $4,203,648 0.34% Cash & Equivalents Cash C US USD - - $30,638,921 2.51% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Palo Alto Networks Inc 1 2.71% 27.92% Legend Biotech Corp ADR 2 1.27% 43.16% CoStar Group Inc 3 1.65% 29.27% Martin Marietta Materials Inc 4 1.54% 30.18% AmerisourceBergen Corp, Class A 5 2.17% 20.42% Synopsys Inc 6 2.72% 12.73% Marvell Technology Inc 7 1.11% 38.20% O'Reilly Automotive Inc 8 2.99% 12.52% Copart Inc 9 1.78% 21.27% Bentley Systems Inc, Class B 10 1.43% 26.24% As of: 06/30/2023 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 Aspen Technology Inc 20 1.05% -26.77% BJ's Wholesale Club Holdings Inc 19 1.36% -17.17% Ascendis Pharma A/S ADR 18 0.72% -16.76% Envista Holdings Corp 17 1.10% -17.22% Smartsheet Inc, Class A 16 0.85% -19.96% SBA Communications Corp, Class A 15 1.17% -10.99% Aptiv PLC 14 1.41% -9.00% Royalty Pharma PLC, Class A 13 0.99% -14.17% Nice Ltd ADR 12 1.45% -9.78% RenaissanceRe Holdings Ltd 11 2.21% -6.71% As of: 06/30/2023 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: 06/30/2023 View Allocation Details Allocation Details TimesSquare Mid Cap Growth Fund (TQMIX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell Midcap® Growth Index Information Technology 30.31% 21.68% Industrials 19.65% 19.32% Health Care 16.17% 21.92% Consumer Discretionary 12.26% 12.81% Financials 7.10% 9.79% Energy 3.06% 3.63% Materials 2.77% 1.35% Communication Services 2.60% 4.31% Cash & Other 2.44% 0.00% Real Estate 2.32% 1.71% Consumer Staples 1.32% 3.09% Utilities 0.00% 0.39% As of: 06/30/2023 Investment Allocation 06/30/2023 Stocks 97.56% Bonds 0.00% Cash and Other 2.44% As of: 06/30/2023 Industry Fund Russell Midcap® Growth Index Software 17.53% 10.98% Commercial Services & Supplies 8.26% 3.33% Specialty Retail 7.54% 4.43% Semiconductors & Semiconductor Equipment 7.12% 3.94% Health Care Providers & Services 5.25% 2.35% Professional Services 4.65% 5.13% Capital Markets 3.36% 4.41% Oil, Gas & Consumable Fuels 3.06% 3.43% Health Care Equipment & Supplies 2.99% 7.30% Electronic Equipment, Instruments & Components 2.98% 2.55% % in Top 10 Industries 62.74% 47.85% As of: 06/30/2023 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 Products 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