News Summary

• Sands Capital Select Growth Fund targets u.s. businesses driving significant structural change through disruptive innovation.
• The fund returned 23.2% in the quarter, outperforming the Russell 1000 Growth Index's 16.7%.
• The portfolio's success stemmed from strength in AI infrastructure holdings, especially memory and storage, supported by better pricing and tightening supply.
• (NYSE:SPHR) posted a one-month return of -17.02%, while its shares gained 175.53% over the past 52 weeks.