Wasatch Global Investors announced today the reopening of the Wasatch Core Growth, International Opportunities, Micro Cap, Small Cap Growth, Small Cap Value and Ultra Growth Funds. These funds and their related institutional strategies are open to new investors, effective immediately. With that announcement, all Wasatch Funds are currently open.
Consistent with Wasatch’s longstanding commitment to its shareholders, the funds had previously been closed to new investors to ensure the firm could maintain its disciplined and focused investment approach. The reopening of the strategies reflects Wasatch’s view that the current market environment may present attractive opportunities for long-term investors. The firm remains committed to thoughtfully managing capacity and will continue to close strategies to protect performance for existing shareholders.
“Despite this year’s volatile investment environment, our conviction in our long-term investment approach remains strong,” said JB Taylor, CEO of Wasatch Global Investors. “Time and again, Wasatch has found that difficult markets have highlighted the benefits of investing in high-quality growth companies with excellent management teams. Wasatch remains financially strong and has not seen significant outflows. However, the opportunities currently available in the market warrant reopening the strategies to new investors. Rest assured that Wasatch remains resolute in its commitment to limiting capacity and will once again close the strategies well before asset growth impacts performance.”
|Funds Reopening Effective September 7, 2022|
|Wasatch Fund||Share Classes||Portfolio Management|
|Core Growth||Investor – WGROX|
Institutional – WIGRX
|JB Taylor, Lead Portfolio Manager|
Paul Lambert, Portfolio Manager
Mike Valentine, Portfolio Manager
|International Opportunities||Investor – WAIOX|
Institutional – WIIOX
|Linda Lasater, Lead Portfolio Manager|
Dan Chace, Portfolio Manager
Allison He, Associate Portfolio Manager
|Micro Cap||Investor – WMICX|
Institutional – WGICX
|Ken Korngiebel, Lead Portfolio Manager|
Natalie Pesqué, Associate Portfolio Manager
|Small Cap Growth||Investor – WAAEX|
Institutional – WIAEX
|JB Taylor, Lead Portfolio Manager|
Ken Korngiebel, Portfolio Manager
Ryan Snow, Portfolio Manager
|Small Cap Value||Investor – WMCVX|
Institutional – WICVX
|Jim Larkins, Lead Portfolio Manager|
Austin Bone, Portfolio Manager
|Ultra Growth||Investor – WAMCX|
Institutional – WGMCX
|John Malooly, Lead Portfolio Manager|
About Wasatch Global Investors
Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah. Named after the nearby Wasatch Mountain Range, the firm brings unparalleled experience to U.S. and international micro-, small- and mid-cap investing with a culture that emphasizes collaboration, excellence and intellectual curiosity. Wasatch had $27.4 billion in assets under management as of July 31, 2022. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
Mutual fund investing involves risks and loss of principal is possible. Investing in small or micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. Investing in foreign securities, especially in emerging markets, entails special risks such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. The investment objective of the Funds is long-term growth of capital.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit wasatchglobal.com or call (800) 551-1700. Please read it carefully before investing.