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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$24.70

$1.52 B

0.00%

$0.00

0.95%

Vitals

YTD Return

14.7%

1 yr return

-20.8%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

-1.9%

Net Assets

$1.52 B

Holdings in Top 10

39.9%

52 WEEK LOW AND HIGH

$24.5
$19.75
$33.27

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 32.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$24.70

$1.52 B

0.00%

$0.00

0.95%

SCMGX - Profile

Distributions

  • YTD Total Return 14.7%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.78%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Sands Capital Global Growth Fund
  • Fund Family Name
    Sands Capital
  • Inception Date
    Mar 31, 2010
  • Shares Outstanding
    62696639
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Levanson

Fund Description

Under normal circumstances, the Fund invests primarily in equity securities of publicly-traded companies located anywhere in the world, including equity securities in developed and emerging markets. Under normal market conditions, the Fund expects to invest in at least three countries, including the United States, and invest at least 40% of its net assets, plus the amount of any borrowings for investment purposes, in non-U.S. companies. For purposes of this policy, a company is considered to be a non-U.S. company if: (i) at least 50% of the company’s revenues or operating income is generated outside of the United States; (ii) the company is organized or maintains its principal place of business outside of the United States; or (iii) the company’s primary trading market is located outside of the United States. From time to time, the Fund

may also focus its investments in a particular geographic region, such as Europe, Asia and North America.

In making investment decisions for the Fund, Sands Capital Management, LLC (the “Adviser”) focuses on companies that generate (or that the Adviser expects to generate) above average earnings growth and that, in the Adviser’s opinion, are leading growth businesses in the marketplace. The Fund typically invests in a portfolio of 30-50 issuers that the Adviser believes represents the best opportunities to achieve the Fund’s investment objective and, from time to time, may heavily invest in a particular sector. In selecting securities for the Fund, the Adviser utilizes a fundamental, bottom-up, business-focused research approach. This research starts with internal competitive landscape analysis, ongoing participation at industry conferences, review of industry and trade periodicals and quantitative screens to populate an initial universe of publicly traded companies that it expects will generate above average earnings growth. The Adviser then evaluates each company for six key investment criteria:

sustainable above-average earnings growth;

leadership position in a promising business space;

significant competitive advantages;

clear mission and value-added focus;

financial strength; and

rational valuation relative to the market and business prospects.

Companies that the Adviser determines may meet all six investment criteria are then screened with in-depth qualitative and quantitative research, including a full competitive analysis and proprietary financial modeling. This additional screening also typically includes identifying the key metrics for a particular business or industry, any specific risks or issues relating to a company, as well as a hypothetical “sell case,” i.e. evaluating a range of scenarios under which a position in a security would be reduced or sold.

The Fund intends to buy and hold securities for the long term and seeks to maintain a low level of portfolio turnover. The portfolio turnover rate of the Fund is expected to be below 50% of the average value of its portfolio. The Adviser employs a sell discipline in which the security of a company is sold if an issue emerges that negatively impacts the Adviser’s assessment of one or more of the six investment criteria discussed above and the Adviser believes that the issue cannot be resolved within an acceptable time frame. The

Adviser may also sell a holding if it becomes materially overvalued versus its underlying business, for risk management purposes, and/or if a more attractive investment opportunity presents itself.

While the Fund may invest in equity securities of companies of any size, the Fund will primarily invest in large and mid-capitalization companies given the Adviser’s focus on what it considers to be established business “leaders.” As such, the Fund will generally not invest in companies with a market capitalization of less than $2 billion and its total median market capitalization will typically be significantly greater than that of the MSCI Barra’s (“MSCI”) All Country World Index, the Fund’s benchmark. As of December 31, 2021, the total median market capitalization of the MSCI All Country World Index was $13.1 billion.

The equity securities in which the Fund invests include common stocks as well as preferred securities. The Fund may also purchase American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs” and, together with ADRs and EDRs, “Depositary Receipts”), which are certificates typically issued by a bank or trust company that represent ownership interests in securities issued by a foreign or domestic company. From time to time, the Fund may have significant investments in one or more countries. The Fund may invest up to the greater of 30% of its net assets or three times the emerging markets component of the MSCI All Country World Index, in securities of companies located in emerging markets. As of December 31, 2021, the emerging markets component of the MSCI All Country World Index was 11.3% of the total index. The Fund may invest in A-Shares of companies based in China that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai – Hong Kong and Shenzhen – Hong Kong Stock Connect programs (“Stock Connect”). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China. The Fund may use foreign exchange spot contracts to seek to hedge currency exposure. A foreign exchange spot contract is an agreement to buy or sell a specific currency for immediate delivery (i.e., “on the spot”) as opposed to at a set date in the future.

The Fund may also invest in derivatives, specifically (i) foreign exchange forwards to seek to hedge currency exposure and (ii) “market access products,” to seek to gain economic exposure to markets where holding an underlying security is not feasible. A market access product is a derivative security that provides market

exposure to an underlying foreign issuer. Examples of market access products are low exercise price warrants (“LEPWs”) and participatory notes (“P-notes”), both of which allow the holder to gain exposure to issuers in certain emerging market countries. A LEPW entitles the holder to purchase a security with an exercise price significantly below the market price of the underlying security. Because of its low exercise price, a LEPW is virtually certain to be exercised and the value and performance of its intrinsic value is effectively identical to that of the underlying security. These features are designed to allow participation in the performance of a security where there are legal or financial obstacles to purchasing the underlying security directly. If the LEPW is cash-settled, the buyer profits to the same extent as with a direct holding in the underlying security, but without having to transact in it. P-notes are derivatives that are generally traded over the counter and constitute general unsecured contractual obligations of the banks and broker-dealers that issue them. Generally, these banks and broker-dealers buy securities listed on certain foreign exchanges and then issue P-notes which are designed to replicate the performance of certain issuers and markets. The Fund may invest up to 20% of its net assets in market access products.

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SCMGX - Performance

Return Ranking - Trailing

Period SCMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.7% -35.6% 29.2% 93.51%
1 Yr -20.8% 17.3% 252.4% 10.00%
3 Yr -3.6%* -3.5% 34.6% 4.01%
5 Yr -1.9%* 0.1% 32.7% 3.49%
10 Yr 5.5%* -6.9% 18.3% 3.71%

* Annualized

Return Ranking - Calendar

Period SCMGX Return Category Return Low Category Return High Rank in Category (%)
2022 -43.5% -24.3% 957.1% 5.79%
2021 -1.4% -38.3% 47.1% 41.47%
2020 13.1% -54.2% 0.6% 20.46%
2019 5.3% -76.0% 54.1% 2.20%
2018 -2.3% -26.1% 47.8% 65.39%

Total Return Ranking - Trailing

Period SCMGX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.7% -35.6% 29.2% 93.74%
1 Yr -20.8% 11.4% 252.4% 9.32%
3 Yr -3.6%* -3.5% 34.6% 3.89%
5 Yr -1.9%* 0.1% 32.7% 3.49%
10 Yr 5.5%* -6.9% 18.3% 3.71%

* Annualized

Total Return Ranking - Calendar

Period SCMGX Return Category Return Low Category Return High Rank in Category (%)
2022 -43.5% -24.3% 957.1% 5.79%
2021 -1.4% -33.1% 47.1% 41.85%
2020 13.1% -44.4% 1.8% 40.65%
2019 5.3% -6.5% 54.1% 2.93%
2018 -2.3% -14.4% 47.8% 78.31%

NAV & Total Return History


SCMGX - Holdings

Concentration Analysis

SCMGX Category Low Category High SCMGX % Rank
Net Assets 1.52 B 199 K 133 B 19.96%
Number of Holdings 42 1 9075 73.46%
Net Assets in Top 10 886 M -18 M 37.6 B 17.18%
Weighting of Top 10 39.85% 9.1% 100.0% 30.32%

Top 10 Holdings

  1. Sea Ltd ADR 5.98%
  2. Alibaba Group Holding Ltd ADR 5.51%
  3. ASML Holding NV ADR 5.24%
  4. Amazon.com Inc 4.64%
  5. Visa Inc Class A 4.57%
  6. Zalando SE 4.39%
  7. Zalando SE 4.39%
  8. Zalando SE 4.39%
  9. Zalando SE 4.39%
  10. Zalando SE 4.39%

Asset Allocation

Weighting Return Low Return High SCMGX % Rank
Stocks
95.36% 61.84% 125.47% 53.63%
Cash
4.64% -174.70% 23.12% 41.74%
Preferred Stocks
0.00% -0.01% 5.28% 74.45%
Other
0.00% -13.98% 19.14% 76.32%
Convertible Bonds
0.00% 0.00% 4.46% 71.92%
Bonds
0.00% -1.50% 161.67% 72.58%

Stock Sector Breakdown

Weighting Return Low Return High SCMGX % Rank
Technology
32.06% 0.00% 49.87% 12.89%
Consumer Cyclical
23.85% 0.00% 40.94% 4.85%
Communication Services
20.23% 0.00% 57.66% 3.30%
Healthcare
11.82% 0.00% 35.42% 30.95%
Financial Services
8.25% 0.00% 38.42% 83.15%
Consumer Defense
1.93% 0.00% 73.28% 89.54%
Basic Materials
1.86% 0.00% 38.60% 78.63%
Utilities
0.00% 0.00% 29.12% 94.27%
Real Estate
0.00% 0.00% 39.48% 93.94%
Industrials
0.00% 0.00% 44.06% 96.26%
Energy
0.00% 0.00% 21.15% 91.85%

Stock Geographic Breakdown

Weighting Return Low Return High SCMGX % Rank
US
55.91% 0.13% 103.82% 58.81%
Non US
39.45% 0.58% 99.46% 35.46%

SCMGX - Expenses

Operational Fees

SCMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 44.27% 68.87%
Management Fee 0.85% 0.00% 1.82% 85.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% 81.78%

Sales Fees

SCMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SCMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 56.86%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SCMGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 395.00% 24.66%

SCMGX - Distributions

Dividend Yield Analysis

SCMGX Category Low Category High SCMGX % Rank
Dividend Yield 0.00% 0.00% 3.26% 71.33%

Dividend Distribution Analysis

SCMGX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

SCMGX Category Low Category High SCMGX % Rank
Net Income Ratio -0.78% -4.27% 12.65% 93.52%

Capital Gain Distribution Analysis

SCMGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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SCMGX - Fund Manager Analysis

Managers

David Levanson


Start Date

Tenure

Tenure Rank

Mar 31, 2010

12.18

12.2%

Mr. David Levanson is a portfolio manager of Sands’ portion of the Fund. Mr. Levanson, Executive Managing Director, Research Analyst and Senior Portfolio Manager of Sands, worked for Sands from 1992-1994 and rejoined Sands in 2002. From 1996 to 1999 he was a Vice President and Research Analyst at State Street Research & Management and from 1999 to 2002 he worked as a Research Analyst at MFS Investment Management. Prior to joining Sands in 1992, Mr. Levanson was a Research Analyst at the Capital Management Group, Folger Nolan Fleming Douglas, Inc. from 1990 to 1992. Mr. Levanson received his BS degree in Finance from the University of Florida and his MBA in 1996 from the Darden School at University of Virginia.

T. Williams


Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

T. Perry Williams joined Sands Capital Management in 2004. Prior to his current role as Sr. Research Analyst and Sr. Portfolio Manager, Mr. Williams held the position of Director, Client Relations & Business Development at Sands Capital from 2004-2006. Prior to joining Sands Capital Mr. Williams was a Consultant and Principal at Mercer Investment Consulting, Inc from 1995-2004. Mr. Williams has earned the right to use the Chartered Financial Analyst designation

Brian Christiansen


Start Date

Tenure

Tenure Rank

Jan 31, 2020

2.33

2.3%

Joined Sands Capital in 2006 • Research Analyst (2008-2013) • Research Associate (2006-2008) Yale University • MBA, School of Management (2009) • BA, Economics (2005)

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25