Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class N N I Z NAV | as of 04/22/2024 $11.10 +$0.10 (+0.91%) Morningstar | Style Box V B G L M S Morningstar Rating Rated against 552 Small Growth funds as of 03/31/2024 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 01/21/2000 to 03/31/2024 = $74,111.28 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. SEE ALL PERFORMANCE The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Read Important Investment Disclosures Objective Seeks to provide long-term capital appreciation by primarily investing in small cap companies. Why Consider May be appropriate for investors looking to gain exposure to small cap companies TimesSquare leverages its wealth of experience managing institutional small cap portfolios, relying on bottom-up research to identify growth businesses with exceptional management, distinct, sustainable competitive advantages and consistent growth Documents Fact Sheet Commentary Summary Prospectus Prospectus SAI 2023 Distributions View All Documents Investment Style TimesSquare Small Cap Growth Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective TimesSquare Small Cap Growth Fund is categorized as Small-Growth. It invests in small-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 03/31/2024 Overall Rating (of 552) 3 Years (of 552) 5 Years (of 520) 10 Years (of 400) Category Small Growth Read Important Investment Disclosures Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Grant Babyak is a Senior Founding Partner, Managing Director, and Portfolio Manager in TimesSquare’s growth equity group. Prior to joining TimesSquare in 2000, Mr. Babyak managed small cap and mid cap portfolios at Fiduciary Trust Company International. He previously worked for six years at Avatar Associates as an institutional portfolio manager and for two years at U.S. Trust Company of New York as an analyst covering the consumer and basic industrial sectors. He has a BA in political science from Yale University and an MBA in finance from the Leonard N. Stern School of Business at New York University. Kenneth C. Duca, CFA DIRECTOR AND PORTFOLIO MANAGER/ANALYST Ken Duca is a Director and Portfolio Manager/Analyst in TimesSquare’s growth equity group, responsible for covering the business services and transaction processing sectors. Prior to joining TimesSquare in 2000, Mr. Duca held a similar position at Fiduciary Trust Company International. Before joining Fiduciary Trust, he spent 10 years with Prudential where, at the time of his departure, he was a senior equity analyst on the small cap growth team. He has a BA in economics from Muhlenberg College and an MBA from Rutgers University. He is a member of the CFA Institute and the New York Society of Security Analysts. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods shorter than one year are not annualized. Expense Ratios Gross Expense Ratio: 1.20% Net Expense Ratio: 1.19% 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 15, 2022 $0.690100 — — $0.690100 Dec 15, 2021 $3.373900 — $0.097200 $3.276700 Dec 16, 2020 $2.315200 — — $2.315200 Dec 16, 2019 $1.630200 — $0.016800 $1.613400 Dec 27, 2018 $3.885600 — $0.960700 $2.924900 Dec 27, 2017 $1.862500 — $0.268700 $1.593800 Dec 27, 2016 $0.544100 $0.030900 — $0.513200 Dec 28, 2015 $1.767300 — $0.221900 $1.545400 Dec 26, 2014 $0.875200 — $0.083900 $0.791300 Dec 26, 2013 $1.100300 — — $1.100300 Dec 26, 2012 $1.380000 — $0.091300 $1.288700 Dec 27, 2011 $0.594000 — — $0.594000 Dec 26, 2008 $0.334580 — $0.096640 $0.237940 Dec 26, 2007 $2.052400 — $0.361800 $1.690600 Dec 26, 2006 $1.652300 — $0.360000 $1.292300 Dec 27, 2005 $1.010000 — $0.365000 $0.645000 Apr 07, 2005 $0.336182 — — $0.336182 Dec 28, 2004 $0.380833 $0.046635 — $0.334198 Dec 23, 2003 $0.146397 $0.114975 — $0.031422 Dec 28, 2000 $0.149001 $0.149001 — — 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. 0.93 -0.30 0.45 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. 21.14 23.73 20.07 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. -0.20 0.20 0.33 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. 95.80 93.67 83.61 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. 96.23 99.20 98.08 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. 0.93 0.97 0.94 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. 94.78 95.43 94.76 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. 5.06 5.12 4.74 View All Characteristics & Statistics All Characteristics & Statistics TimesSquare Small Cap Growth Fund (TSCPX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell 2000® Growth Index Fund Assets (Mil.$) $174 Number of Holdings 82 1,064 Weighted Avg. Market Cap (Mil.$) $5,404 $6,687 Median Market Cap (Mil.$) $3,896 $1,331 Weighted Avg. P/E (1-yr Forward EPS) 29.03 21.07 Weighted Avg. P/E (Trailing EPS) 31.98 23.18 PEG Ratio 1.70 1.20 Weighted Avg. P/B 3.63 4.07 EPS Growth (Trailing 3-yr %) 15.52% 14.39% EPS Growth (Trailing 5-yr %) 17.93% 21.64% Forward EPS Growth (1-yr %) 5.95% 8.27% Forward EPS Growth (Long Term %) 15.79% 18.39% Revenue Growth (Trailing 5-yr %) 17.92% 13.86% Return on Equity 2.47% 10.52% Weighted Avg. Dividend Yield 0.47% 0.55% Debt to Equity 61.98 70.26 Trailing 12-Months Portfolio Turnover 66.86% 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. 0.93 -0.30 0.45 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. 21.14 23.73 20.07 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. -0.20 0.20 0.33 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. 95.80 93.67 83.61 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. 96.23 99.20 98.08 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. 0.93 0.97 0.94 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. 94.78 95.43 94.76 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. 5.06 5.12 4.74 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. 0.22 -0.12 0.01 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. -4.57 4.84 6.92 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. -34.15 -34.15 -34.15 As of: 03/31/2024 Market Cap Fund Russell 2000® Growth Index Market Cap ($mm) 0 - 1,000 4.37% 8.69% Market Cap ($mm) 1,000 - 1,500 6.66% 6.23% Market Cap ($mm) 1,500 - 2,500 11.25% 14.91% Market Cap ($mm) 2,500 - 5,000 37.71% 36.07% Market Cap ($mm) 5,000 - 10,000 26.65% 25.98% Market Cap ($mm) 10,000 - 25,000 13.36% 2.34% Market Cap ($mm) 25,000 - 50,000 0.00% 1.89% Market Cap ($mm) 50,000 - 100,000 0.00% 3.84% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.02% As of: 03/31/2024 Valuation Characteristics Fund Russell 2000® Growth Index P/E 0-10 1.82% 3.83% P/E 10-15 4.37% 7.97% P/E 15-20 5.41% 7.64% P/E 20-25 2.27% 11.50% P/E 25-Above 44.75% 44.29% P/E – NA 41.38% 24.78% As of: 03/31/2024 Growth Characteristics Fund Russell 2000® Growth Index EPS Growth (Trailing 3-yr %) - Negative 13.62% 14.13% EPS Growth (Trailing 3-yr %) 0 - 5 5.14% 4.74% EPS Growth (Trailing 3-yr %) 5 - 10 8.57% 3.95% EPS Growth (Trailing 3-yr %) 10 - 15 2.60% 3.36% EPS Growth (Trailing 3-yr %) 15 - 20 0.82% 3.50% EPS Growth (Trailing 3-yr %) Above 20 20.34% 30.45% EPS Growth (Trailing 3-yr %) - NA 48.92% 39.87% As of: 03/31/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 03/31/2024 JFrog Ltd 2.80% Casella Waste Systems Inc, Class A 2.68% Regal Rexnord Corp 2.39% CyberArk Software Ltd 2.25% Esab Corp 2.17% Vertex Inc, Class A 2.11% BJ's Wholesale Club Holdings Inc 1.90% Matador Resources Co, Class A 1.75% Hamilton Lane Inc, Class A 1.69% Victory Capital Holdings Inc, Class A 1.64% % in Top 10 Holdings 21.37% View Holding Details Holding Details TimesSquare Small Cap Growth Fund (TSCPX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 03/31/2024 JFrog Ltd 2.80% Casella Waste Systems Inc, Class A 2.68% Regal Rexnord Corp 2.39% CyberArk Software Ltd 2.25% Esab Corp 2.17% Vertex Inc, Class A 2.11% BJ's Wholesale Club Holdings Inc 1.90% Matador Resources Co, Class A 1.75% Hamilton Lane Inc, Class A 1.69% Victory Capital Holdings Inc, Class A 1.64% % in Top 10 Holdings 21.37% As of: 03/31/2024 Download All Holdings (PDF) As of: 03/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund FROG JFrog Ltd Information Technology S IL USD 110,000 44.22 $4,864,200 2.80% CWST Casella Waste Systems Inc, Class A Industrials S US USD 47,015 98.87 $4,648,373 2.68% RRX Regal Rexnord Corp Industrials S US USD 23,000 180.10 $4,142,300 2.39% CYBR CyberArk Software Ltd Information Technology S IL USD 14,700 265.63 $3,904,761 2.25% ESAB Esab Corp Industrials S US USD 34,000 110.57 $3,759,380 2.17% VERX Vertex Inc, Class A Information Technology S US USD 115,300 31.76 $3,661,928 2.11% BJ BJ's Wholesale Club Holdings Inc Consumer Staples S US USD 43,500 75.65 $3,290,775 1.90% MTDR Matador Resources Co, Class A Energy S US USD 45,500 66.77 $3,038,035 1.75% HLNE Hamilton Lane Inc, Class A Financials S US USD 26,000 112.76 $2,931,760 1.69% VCTR Victory Capital Holdings Inc, Class A Financials S US USD 67,000 42.43 $2,842,810 1.64% SYNA Synaptics Inc Information Technology S US USD 28,500 97.56 $2,780,460 1.60% TTEK Tetra Tech Inc Industrials S US USD 15,000 184.71 $2,770,650 1.60% SWAV Shockwave Medical Inc Health Care S US USD 8,500 325.63 $2,767,855 1.59% AZEK AZEK Co Inc, Class A Industrials S US USD 55,000 50.22 $2,762,100 1.59% KLIC Kulicke & Soffa Industries Inc Information Technology S SG USD 54,100 50.31 $2,721,771 1.57% ACVA ACV Auctions Inc, Class A Industrials S US USD 141,820 18.77 $2,661,961 1.53% ASND Ascendis Pharma A/S ADR Health Care S DK USD 17,500 151.17 $2,645,475 1.52% NSA National Storage Affiliates Trust Real Estate S US USD 67,500 39.16 $2,643,300 1.52% CWAN Clearwater Analytics Holdings Inc, Class A Information Technology S US USD 146,500 17.69 $2,591,585 1.49% PWSC PowerSchool Holdings Inc, Class A Information Technology S US USD 119,010 21.29 $2,533,723 1.46% SMAR Smartsheet Inc, Class A Information Technology S US USD 65,500 38.50 $2,521,750 1.45% SAFT Safety Insurance Group Inc Financials S US USD 30,530 82.19 $2,509,261 1.45% ADUS Addus Homecare Corp Health Care S US USD 24,000 103.34 $2,480,160 1.43% XENE Xenon Pharmaceuticals Inc Health Care S CA USD 57,500 43.05 $2,475,375 1.43% WSC WillScot Mobile Mini Holdings Corp, Class A Industrials S US USD 52,900 46.50 $2,459,850 1.42% EME EMCOR Group Inc Industrials S US USD 7,000 350.20 $2,451,400 1.41% IWO iShares Russell 2000 Growth ETF Other Equities S US USD 9,000 270.80 $2,437,200 1.40% ITCI Intra-Cellular Therapies Inc Health Care S US USD 35,000 69.20 $2,422,000 1.40% WK Workiva Inc, Class A Information Technology S US USD 28,200 84.80 $2,391,360 1.38% GLBE Global-e Online Ltd Consumer Discretionary S IL USD 64,400 36.35 $2,340,940 1.35% ONTO Onto Innovation Inc Information Technology S US USD 12,700 181.08 $2,299,716 1.33% WHD Cactus Inc, Class A Energy S US USD 45,700 50.09 $2,289,113 1.32% DAWN Day One Biopharmaceuticals Inc Health Care S US USD 137,900 16.52 $2,278,108 1.31% FORM FormFactor Inc Information Technology S US USD 49,900 45.63 $2,276,937 1.31% AVDX Avidxchange Holdings Inc Financials S US USD 164,000 13.15 $2,156,600 1.24% QTWO Q2 Holdings Inc Information Technology S US USD 41,000 52.56 $2,154,960 1.24% COHU Cohu Inc Information Technology S US USD 62,600 33.33 $2,086,458 1.20% HXL Hexcel Corp Industrials S US USD 28,600 72.85 $2,083,510 1.20% IAS Integral Ad Science Holding Corp Communication Services S US USD 207,200 9.97 $2,065,784 1.19% MTSI MACOM Technology Solutions Holdings Inc Information Technology S US USD 21,400 95.64 $2,046,696 1.18% ATRC AtriCure Inc Health Care S US USD 67,100 30.42 $2,041,182 1.18% AVNT Avient Corp Materials S US USD 44,600 43.40 $1,935,640 1.12% AIT Applied Industrial Technologies Inc Industrials S US USD 9,700 197.55 $1,916,235 1.10% FIX Comfort Systems USA Inc Industrials S US USD 6,000 317.71 $1,906,260 1.10% CRDO Credo Technology Group Holding Ltd Information Technology S US USD 84,000 21.19 $1,779,960 1.03% BOOT Boot Barn Holdings Inc Consumer Discretionary S US USD 18,600 95.15 $1,769,790 1.02% MAX MediaAlpha Inc, Class A Communication Services S US USD 86,355 20.37 $1,759,051 1.01% DRVN Driven Brands Holdings Inc Industrials S US USD 108,000 15.79 $1,705,320 0.98% RBC RBC Bearings Inc Industrials S US USD 6,300 270.35 $1,703,205 0.98% IAC IAC Inc Communication Services S US USD 31,500 53.34 $1,680,210 0.97% MVBF MVB Financial Corp Financials S US USD 73,000 22.31 $1,628,630 0.94% EXPO Exponent Inc Industrials S US USD 19,300 82.69 $1,595,917 0.92% HQY HealthEquity Inc Health Care S US USD 19,500 81.63 $1,591,785 0.92% WRBY Warby Parker Inc, Class A Consumer Discretionary S US USD 116,000 13.61 $1,578,760 0.91% ICFI ICF International Inc Industrials S US USD 10,400 150.63 $1,566,552 0.90% PJT PJT Partners Inc, Class A Financials S US USD 16,500 94.26 $1,555,290 0.90% PI Impinj Inc Information Technology S US USD 12,000 128.41 $1,540,920 0.89% ROAD Construction Partners Inc, Class A Industrials S US USD 27,000 56.15 $1,516,050 0.87% PHR Phreesia Inc Health Care S US USD 62,500 23.93 $1,495,625 0.86% MODG Topgolf Callaway Brands Corp Consumer Discretionary S US USD 92,000 16.17 $1,487,640 0.86% MGY Magnolia Oil & Gas Corp, Class A Energy S US USD 56,100 25.95 $1,455,795 0.84% ITT ITT Inc Industrials S US USD 10,400 136.03 $1,414,712 0.82% HCP HashiCorp Inc, Class A Information Technology S US USD 52,300 26.95 $1,409,485 0.81% TMCI Treace Medical Concepts Inc Health Care S US USD 106,600 13.05 $1,391,130 0.80% FRPT Freshpet Inc Consumer Staples S US USD 12,000 115.86 $1,390,320 0.80% WNS WNS Holdings Ltd Industrials S IN USD 27,100 50.53 $1,369,363 0.79% KRYS Krystal Biotech Inc Health Care S US USD 7,500 177.93 $1,334,475 0.77% EWCZ European Wax Center Inc, Class A Consumer Discretionary S US USD 94,518 12.98 $1,226,844 0.71% BMBL Bumble Inc, Class A Communication Services S US USD 107,500 11.35 $1,220,125 0.70% PYCR Paycor HCM Inc Industrials S US USD 62,400 19.44 $1,213,056 0.70% SPT Sprout Social Inc, Class A Information Technology S US USD 20,200 59.71 $1,206,142 0.70% SVV Savers Value Village Inc Consumer Discretionary S US USD 62,000 19.28 $1,195,360 0.69% MRTN Marten Transport Ltd Industrials S US USD 60,690 18.48 $1,121,551 0.65% SILK Silk Road Medical Inc Health Care S US USD 52,900 18.32 $969,128 0.56% MLTX MoonLake Immunotherapeutics, Class A Health Care S CH USD 16,500 50.23 $828,795 0.48% VCEL Vericel Corp Health Care S US USD 15,089 52.02 $784,930 0.45% CERT Certara Inc Health Care S US USD 43,500 17.88 $777,780 0.45% ERJ Embraer SA ADR Industrials S BR USD 28,595 26.64 $761,771 0.44% ALGM Allegro MicroSystems Inc Information Technology S US USD 28,000 26.96 $754,880 0.44% CGON CG Oncology Inc Health Care S US USD 12,501 43.90 $548,794 0.32% NAMS NewAmsterdam Pharma Co NV Health Care S NL USD 13,895 23.65 $328,617 0.19% PRA ProAssurance Corp Financials S US USD 25,125 12.86 $323,108 0.19% Cash & Equivalents Cash C US USD - - $6,562,809 3.78% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return EMCOR Group Inc 1 1.69% 62.65% Shockwave Medical Inc 2 1.49% 70.88% JFrog Ltd 3 2.57% 27.77% Esab Corp 4 1.92% 27.70% Regal Rexnord Corp 5 2.03% 21.84% Casella Waste Systems Inc, Class A 6 2.88% 15.69% CyberArk Software Ltd 7 2.11% 21.26% Comfort Systems USA Inc 8 0.91% 54.56% AZEK Co Inc, Class A 9 1.34% 31.29% Ascendis Pharma A/S ADR 10 1.74% 20.02% 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. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Integral Ad Science Holding Corp 20 1.61% -30.72% Smartsheet Inc, Class A 19 1.69% -19.49% RAPT Therapeutics, Inc. 18 0.32% -59.03% Synaptics Inc 17 1.82% -14.48% Workiva Inc, Class A 16 1.53% -16.48% AtriCure Inc 15 1.43% -14.77% Bumble Inc, Class A 14 0.85% -23.00% WNS (Holdings) Limited 13 1.23% -20.05% MoonLake Immunotherapeutics, Class A 12 0.87% -16.82% Clearwater Analytics Holdings Inc, Class A 11 1.53% -11.68% 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 Sector Allocation (Equity) As of: 03/31/2024 View Allocation Details Allocation Details TimesSquare Small Cap Growth Fund (TSCPX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell 2000® Growth Index Industrials 26.24% 20.35% Information Technology 26.24% 23.95% Health Care 15.65% 21.28% Financials 8.04% 6.06% Consumer Discretionary 5.53% 10.62% Energy 3.91% 4.57% Communication Services 3.88% 1.93% Cash & Other 3.78% 0.00% Consumer Staples 2.70% 4.38% Real Estate 1.52% 1.52% Other Equities 1.40% Materials 1.12% 4.07% Utilities 0.00% 1.27% As of: 03/31/2024 Investment Allocation 03/31/2024 Stocks 96.22% Bonds 0.00% Cash and Other 3.78% As of: 03/31/2024 Industry Fund Russell 2000® Growth Index Software 15.70% 11.41% Semiconductors & Semiconductor Equipment 10.54% 4.08% Commercial Services & Supplies 6.79% 1.38% Biotechnology 6.47% 10.37% Construction & Engineering 4.80% 2.81% Capital Markets 4.22% 1.93% Health Care Equipment & Supplies 4.13% 3.88% Machinery 3.96% 4.77% Professional Services 3.31% 3.61% Interactive Media & Services 2.69% 0.82% % in Top 10 Industries 62.61% 45.06% 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 Grant R. Babyak SENIOR FOUNDING PARTNER, MANAGING DIRECTOR, AND PORTFOLIO MANAGER Read full bio Kenneth C. Duca, CFA DIRECTOR AND PORTFOLIO MANAGER/ANALYST Read full bio Investment Approach Investment Approach TimesSquare Small Cap Growth Fund The Fund seeks to outperform the Russell 2000® Growth Index in a risk-controlled manner. The TimesSquare portfolio management team uses a bottom-up, fundamental research-intensive approach to identify small cap growth stocks that it believes have the greatest potential to achieve significant price appreciation over a 12- to 18-month horizon. The Fund typically invests in companies within the market cap range of the Russell 2000® Index at time of purchase. Related products Other Products From TimesSquare Capital Management TQENX TimesSquare Emerging Markets Small Cap Fund View Fund Details TSYNX TimesSquare Global Small Cap Fund View Fund Details TCMPX TimesSquare International Small Cap Fund View Fund Details TMDPX TimesSquare Mid Cap Growth Fund View Fund Details Stay up-to-date Sign up to receive our latest views and thinking, in addition to other news and product-related information. CHOOSE SUBSCRIPTIONS