News / March 25, 2024

Wasatch Core Growth Fund to Close to New Investors

Wasatch Global Investors announced today that as of 4:00 p.m. EDT on April 30, 2024, the Wasatch Core Growth Fund and its related institutional strategy will undergo a “soft closure” to new investors. This means the Fund will cease accepting new purchases, with exceptions for new shareholders buying directly from Wasatch Funds, existing shareholders, established retirement plans, and clients purchasing through select intermediaries, consulting firms, and financial advisors.

“We made the strategic decision to reopen the Core Growth Fund in 2022 because market volatility had provided a unique opportunity for long-term investors,” said Eric Bergeson, President of Wasatch Global Investors. “At this time, we believe it’s important to limit assets coming into the Fund and strategy well before any potential impact on performance. Our commitment to prudent management in the firm’s small-cap offerings includes closely monitoring capacity. Our proactive approach ensures that we can continue managing the Fund and strategy in a manner we believe will deliver strong risk-adjusted returns for our clients.”

                                       Wasatch Core Growth Fund to Soft Close Effective April 30, 2024              
Wasatch FundShare ClassesPortfolio Management
Core GrowthInvestor – WGROX

Institutional – WIGRX

 

Paul Lambert, Lead Portfolio Manager

Mike Valentine, Lead Portfolio Manager

JB Taylor, Portfolio Manager

 


Risks
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.

Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI). Eric Bergeson is a registered representative of ADI. ADI is not affiliated with Wasatch Global Investors.