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MSCI ACWI ITCS: is an unmanaged capitalization-weighted index that measures the performance of the information technology and communication services sectors of the MSCI ACWI

Magnificent 6: vernacular for a group of mega-cap tech stocks that includes Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and NVIDIA.

Magnificent 7: vernacular for a group of mega-cap tech stocks that includes Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla.

PHLX Semiconductor Sector Index

Sands Capital is an active, long-term investor in leading innovative growth businesses, globally. Our approach combines analytical rigor and creative thinking to identify high-quality growth businesses that are creating the future. Through an integrated investment platform spanning venture capital, growth equity and public equity, we provide growth capital solutions to institutions and fund sponsors in more than 40 countries.

An independent, staff-owned firm founded in 1992 and headquartered in the Washington, D.C. area with offices in London and Singapore, Sands Capital managed more than $54B in client assets as of December 31, 2024.

For institutional and professional investors only. Investment advisory fees are described in Part II of the adviser’s Form ADV.

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