Touchstone Sands Capital Select Growth Fund Class Y (CFSIX) is an open-end mutual fund that seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its assets in common stocks of U.S. companies believed to have above-average potential for revenue or earnings growth; it emphasizes large capitalization growth companies with weighted-average market capitalizations generally in excess of $25 billion and typically holds a concentrated portfolio of 25 to 35 stocks across sectors such as technology, communication services, and consumer cyclical. The fund is managed by Touchstone Advisors, Inc., a member of Western & Southern Financial Group founded in 1994 and headquartered in Cincinnati, Ohio, with sub-advisory services provided by Sands Capital Management, LLC, an independent firm founded in 1992 and headquartered in Arlington, Virginia. Key portfolio holdings include NVIDIA Corp., Microsoft Corp., Amazon.com Inc., Meta Platforms Inc., and ServiceNow Inc., with top five holdings comprising approximately 40% of the portfolio; the fund maintains allocations primarily to U.S. stocks (85%), supplemented by non-U.S. stocks (12%) and cash (3%). It is domiciled in the United States, available for sale in the U.S., and benchmarks its performance against the Russell 1000 Growth Index.
In January 2025, Touchstone Investments launched the Touchstone Sands Capital US Select Growth ETF, an actively managed exchange-traded fund that employs a similar high-conviction strategy focused on 25 to 35 U.S. large- and mid-cap growth companies, extending the sub-adviser's approach into the ETF market. The fund traces its strategy inception to March 1992 via Sands Capital, with the specific share class launched on August 27, 2004, and has grown to total net assets of approximately $2.53 billion as of late 2025. Sands Capital served as a primary sponsor of the Governance of Big Tech virtual summit hosted by ICGN and NASDAQ Investors for a Sustainable Digital Economy, underscoring its engagement in governance initiatives relevant to portfolio companies. The portfolio management team includes Frank Sands (since August 2000), Wesley Johnston (since January 2016), and Thomas Trentman (since December 2017).