TimesSquare U.S. Mid Cap Growth
Concentrated — ETF (Ticker: TSCM)
Growth With a Conscience
The TimesSquare Quality Mid Cap Growth ETF (Nasdaq: TSCM) seeks to outperform the Russell Midcap® Growth index in a risk-controlled manner by investing in a concentrated portfolio of U.S. mid cap growth companies sourced from our U.S. Diversified Mid Cap Growth strategy.
The Fund defines mid-capitalization companies as those within the market capitalization range of the Russell Midcap® Growth Index. A concentrated 30–40 holding structure expresses our team's highest-conviction ideas, while the active ETF wrapper offers daily transparency, intraday liquidity, and tax efficiency for advisors, intermediaries, and individual investors.
Portfolio Managers
The TimesSquare Investment Approach
Seeking Companies With:
Quality management
- Alignment of interests with shareholders
- Experience and integrity
- Meaningful proportion of net worth tied to company
Distinct, sustainable competitive advantage
- Proprietary products and services
- Demonstrated franchise value
- High barriers to entry
- Relatively few competitors
Strong, consistent growth
- Both top line and bottom line
- Strong probability of retaining or widening margins
- High proportion of recurring revenues
- Sales to many customers in multiple markets
Fund Facts
Inception Date
12/29/2025
Fund Name
TimesSquare Quality Mid Cap Growth ETF
Fund Ticker
TSCM
Asset Class
U.S. Equity
Dividend Frequency
Annually
Exchange
Nasdaq
CUSIP
900934837
Benchmark
Russell Midcap Growth Index*
Expense Ratio
0.55%
*The Russell Midcap® Growth Index measures the performance of US mid cap growth stocks. The index includes companies with relatively higher price-to-book ratios, higher 2-year I/B/E/S forecast growth and higher historical 5-year sales growth. The index is reconstituted fully in June to ensure accurate representation of the US mid cap growth style, with updates for parent index membership changes in December and quarterly IPO inclusions in March and September. Since March 24, 2025, the index applies quarterly capping if constituent weights exceed target RIC thresholds.
Holdings
| FUND (%) | |
| Jfrog | 3.64 |
| MKS | 3.61 |
| Comfort Systems | 3.54 |
| Cameco | 3.42 |
| DoorDash | 3.39 |
| Take-Two Interactive | 3.38 |
| Palo Alto | 3.38 |
| Veeva Systems | 3.38 |
| Evercore | 3.36 |
| Karman | 3.36 |
| Top 10 Total | 34.48 |
Sector Allocation
| FUND (%) | Benchmark (%) | |
| Communication Services | 3.39 | 4.97 |
| Consumer Discretionary | 10.99 | 21.14 |
| Consumer Staples | 4.77 | 1.67 |
| Energy | 6.78 | 4.11 |
| Financials | 6.66 | 8.51 |
| Health Care | 12.84 | 14.87 |
| Industrials | 25.44 | 24.56 |
| Information Technology | 24.15 | 15.51 |
| Materials | 1.02 | 0.38 |
| Real Estate | 1.27 | 1.38 |
| Utilities | 2.70 | 2.91 |
Performance
| QTR | Since Inception | ||
| TSCM MKT | -9.15 | -10.15 | |
| TSCM NAV | -8.92 | -10.20 | |
| Russell Mid Cap® Growth Index | -6.35 | -6.70 |
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (888) ETF-TSCM.
Short term performance, in particular, is not a good indication of the funds future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each shares portion of the funds underlying assets and cash at the end of the trading day.
News & Insights
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (888) ETF-TSCM. Read the prospectus or summary prospectus carefully before investing.
Investing involves risk. Principal loss is possible.
The securities of mid-capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments than securities of large-capitalization companies. The securities of mid-capitalization companies generally trade in lower volumes and are subject to greater and more unpredictable price changes than large-capitalization stocks or the stock market as a whole.
The Fund will invest in companies that appear to be growth-oriented. Growth companies are those that the Adviser believes will have revenue and earnings that grow faster than the economy as a whole, offering above-average prospects for capital appreciation and little or no emphasis on dividend income.
TimesSquare Capital Management is a boutique investment manager with a 25-year history of managing small to mid cap quality growth portfolios with competitive risk-adjusted returns across market cycles. This new Fund leverages that investment experience, which is expressed in a concentrated offering through a tax-efficient, exchange-traded fund. Prospective investors do not currently have a track record or history on which to base their investment decisions for this exchange-traded fund.
Distributed by Foreside Fund Services, LLC
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