Investor Summary

Frank M. Sands Jr., CFA, serves as CEO and CIO of Sands Capital Management, joining the firm in 2000 as Managing Director & Director of Research and Senior Portfolio Manager. He became President in 2004 and assumed CEO and CIO roles in 2008. During Frank's tenure, assets under management have grown from approximately $900 million to over $58 billion, demonstrating exceptional business leadership and investment execution. The broader management team includes T. Perry Williams, CFA as President and Senior Portfolio Manager, and Brian A. Christiansen, CFA as Senior Portfolio Manager and Executive Managing Director who joined in 2006. The team brings decades of collective experience managing growth-oriented strategies with a long-term investment horizon. Sands Capital Management is an independent, employee-owned firm established in 1992, employing 177 professionals and serving both U.S. and international clients with approximately $45.2 billion in total assets under management.

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Fund Strategy

Sands Capital's investment philosophy is rooted in the belief that, over time, stock prices will reflect the earnings power and growth of the underlying businesses. The firm's edge comes from its culture that helps execute obvious but difficult strategies - owning many high-quality businesses and holding them with discipline over long periods of time. The Select Growth strategy focuses primarily on U.S. businesses at the forefront of the most vital areas of positive structural change in the economy. The strategy emphasizes sustainable, above-average earnings growth, leadership in promising business spaces, significant competitive advantages, clear mission and value-added focus, financial strength, and rational stock market valuation. The approach typically results in concentrated portfolios of 25-35 companies, reflecting high conviction in selected investments. Sands Capital remains rooted in the same mission, philosophy, and six investment criteria that have been in place since the firm's founding in 1992.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
12.4% -5.4% 15.5%
2025 2024 2023 2022 2021 2020
15.5% 24.3% 52.0% -49.1% 4.9% 71.4%