Touchstone Sands Capital Select Growth Fund Class A (TSNAX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of U.S. and non-U.S. companies demonstrating strong growth potential. The fund employs a growth-oriented investment strategy, focusing on high-quality companies with sustainable competitive advantages, robust earnings growth, and attractive valuations; it allocates across large-cap, mid-cap, and select small-cap equities, with sector exposures including technology, consumer discretionary, healthcare, and communication services. Managed by a team leveraging proprietary research and fundamental analysis, TSNAX offers Class A shares with a front-end sales load, and targets long-term investors seeking exposure to innovative growth leaders.
Independent of the broader Touchstone family of funds, TSNAX features a distinctive sub-advisory arrangement with Sands Capital Management, LLC, a prominent growth equity specialist founded in 2002 and headquartered in Bethesda, Maryland. Sands Capital applies its disciplined, bottom-up stock selection process, emphasizing companies with scalable business models, high returns on capital, and leadership in disruptive industries; the fund maintains a relatively concentrated portfolio of 40 to 70 holdings to maximize conviction-driven performance. Geographically, it operates with a core focus on U.S. markets while pursuing opportunities in developed international markets, including Europe and Asia-Pacific regions.
In a significant strategic evolution announced in late 2024, the fund transitioned to sub-advisory management by Sands Capital following the acquisition of the Touchstone Select Growth Fund franchise by Sands Capital Management from Touchstone Investments, enhancing its access to Sands' expertise in high-conviction growth investing. This change, effective as of the 2025 prospectus update, marked a rebranding and operational alignment under the Touchstone branding while integrating Sands' proven track record in managing similar large-cap growth strategies. No major funding rounds, additional acquisitions, or product launches have been reported for TSNAX in the past 1-2 years, with the focus remaining on portfolio optimization amid volatile market conditions.