I hereby represent that I:

» am an institutional investor that is a "qualified client" as that term is defined in Rule 205-3(d)(1) under the Investment Advisers Act of 1040, as amended; and

» have such knowledge and experience in financial and business matters that I am capable of evaluating the merits and risks of the investments that may be presented to me by Touchstone Investments.

Close I agree

Sands Capital Management LLC

Sands Capital Management LLC exclusively focuses on investing in high-quality growth businesses. The firm manages assets for a wide range of tax-exempt and taxable clients, including institutional pension plans, Taft-Hartley plans, endowments, foundations, families and individuals. The Arlington, Virginia-based firm has been a registered investment advisor since 1992.

"Our mission is to add value and enhance the wealth of our clients with prudence over time."

- Sands Capital Management LLC

Funds Managed by Sands Capital Management LLC