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Wasatch Global Select Fund

Ticker WGGSX
NAV As of 12/07/22 $9.78
Daily Change As of 12/07/22 $-0.01 / -0.10%
Wasatch Global Select Fund
Ticker WGGSX
NAV $9.78
Daily Change $-0.01 / -0.10%
TOP

Fund Overview

Objective

Long-term growth of capital

Highlights
  • A concentrated, yet diversified high-conviction portfolio of 20-40 stocks
  • Seeks the highest-quality growth companies across the globe
  • Truly active, collaborative, bottom-up, fundamental process
  • Broad sector and country approach
Investment Approach

We use a bottom-up approach that seeks to identify companies with outstanding long-term growth potential. We look for companies with:

  • Strong financials
  • A sustainable competitive advantage
  • Industry-best management teams
  • Earnings growth greater than the relevant sector or industry

All cap flexibility with a focus on mid-cap companies

Approximately 20-40 positions

Fund Managers
Ken Applegate Ken Applegate Portfolio Manager
3 years on fund
8 years at wasatch
Paul Lambert Paul Lambert Portfolio Manager
3 years on fund
22 years at wasatch
Linda Lasater Linda Lasater Portfolio Manager
3 years on fund
16 years at wasatch
Mike Valentine Mike Valentine Portfolio Manager
3 years on fund
6 years at wasatch
12 Cumulative PM years on fund

“We look for high-quality companies that can grow faster and longer than generally anticipated and that have the potential to become tomorrow’s leaders.”

—MIKE VALENTINE, PORTFOLIO MANAGER

Performance

Average Annual Total Returns AS OF 09/30/22 AS OF 11/30/22
Quarter-End Month-end
1 Month
3 Month
ytd
1 yr
3 yr
5 yr
10 yr
Since
Inception
Global Select Fund
6.84%
2.67%
-29.55%
-29.53%
1.48%
N/A
N/A
3.96%
MSCI AC World Index
7.76%
3.32%
-15.02%
-11.62%
6.63%
N/A
N/A
8.00%

Returns for periods less than one year are not annualized. Data shows past performance and is not indicative of future performance. Current performance may be lower or higher than the data quoted. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost. The Advisor may absorb certain expenses, leading to higher total shareholder returns. Wasatch Funds will deduct a 2% redemption fee on Fund shares held 60 days or less. Performance data does not reflect this redemption fee or taxes. Total Expense Ratio: Institutional Class 1.56% The Advisor has contractually agreed to limit certain expenses to 0.96% through at least 1/31/2023.

Growth of Hypothetical Investment 10/01/19 to 09/30/22
Global Select Fund
MSCI AC World Index

The hypothetical chart does not reflect the deduction of fees, sales charges, or taxes that you would pay on fund distributions or the redemption of fund shares.

Calendar Year Returns (%) As of 12/31/21
Global Select Fund
MSCI AC World Index

Portfolio

Characteristics AS OF 09/30/22
Fund
Index
Number of Holdings
33
2900
Average Market Cap
($ Weighted)
$22.07B
$305.84B
Median Market Cap
$9.61B
$9.88B
EPS Growth (%, est. 5 yr)
21
13
P/E (Forward)
24
13
Portfolio Turnover (%)
29.85
N/A
Active Share (%)
99
N/A
Performance Statistics AS OF 09/30/22
Since Inception
Alpha
-3.41
Beta
1.09
R-Squared
0.83
Standard Deviation
22.89
Upside Capture
104.18
Downside Capture
111.27
Top 10 Holdings AS OF 09/30/22
Company
% of Net Assets
Bajaj Finance Ltd.
5.3%
Bank OZK
4.8%
Abcam PLC
4.7%
HDFC Bank Ltd.
4.6%
Amphenol Corp. Class A
4.3%
Morningstar, Inc.
4.2%
Roper Technologies, Inc.
4.2%
Copart, Inc.
4.1%
HealthEquity, Inc.
4.0%
BayCurrent Consulting, Inc.
3.8%
33 Number of holdings
99% Active share
Sector Allocation AS OF 09/30/22
Sector
Fund
Index
Information Technology
28.1 %
20.7 %
Financials
23.8 %
14.5 %
Health Care
20.1 %
13.0 %
Industrials
17.1 %
9.5 %
Consumer Discretionary
9.2 %
11.5 %
Consumer Staples
1.8 %
7.7 %
Energy
0.0 %
5.2 %
Utilities
0.0 %
3.1 %
Materials
0.0 %
4.7 %
Real Estate
0.0 %
2.7 %
Communication Services
0.0 %
7.4 %

Weights are calculated as a percentage of net assets including cash & cash equivalents

Country Allocation AS OF 09/30/22
Fund (%)
Developed
84.5%
United States
52.1%
Japan
7.8%
United Kingdom
4.7%
Ireland
3.7%
Sweden
3.5%
Denmark
3.4%
France
3.1%
Other
6.2%
Emerging & Frontier
15.6%
India
12.1%
Taiwan
3.5%

Weights are calculated as a percentage of net assets including cash & cash equivalents

52.1% United States
84.5% Developed
15.6% Em and Frontier

Commentary & Literature

News & Updates

Global Mid Caps

January 31, 2020

At Wasatch Global Investors, we got our start managing U.S. micro– and small–cap strategies. We’ve…

Read More >

Wasatch Launches Two New Mutual Funds

October 1, 2019

Salt Lake City, Utah, October 1, 2019—Wasatch Global Investors announced today the…

Read More >

Distributions

Record Date
Payable Date
Income
Short-Term Gain
Long-Term Gain
Total Per Share
Reinvest Price
12/15/21
12/16/21
--
$ 0.472829
$ 1.304348
$ 1.777177
$ 13.660000
12/16/20
12/17/20
--
$ 0.012671
$ 0.011021
$ 0.023692
$ 14.790000
Historical Distributions and NAVs Select start and end dates
to:

Important Disclosures

Investing in small or micro cap funds can 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 and frontier markets, entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Being non-diversified, the Fund can invest a larger portion of its assets in the stocks of a limited number of companies than a diversified fund. Non-diversification increases the risk of loss to the Fund if the values of these securities decline.

The MSCI AC World Net TR Index is an unmanaged index capturing large and mid-cap representation across 23 developed markets and 23 emerging markets.

You cannot invest directly in any index.

Morningstar Rating:
The Morningstar Rating for funds, or 'star rating', is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed end funds, and separate accounts) with at least a 3-year history. Exchange–traded funds and open ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10 year (if applicable) Morningstar Rating metrics. The weights are 100% 3-year rating for 36-59 months of total returns, 60% 5 year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10 year rating/30% 3-year rating/20% 3 year rating for 120 or more months of total returns. While the 10 year overall rating formula seems to give the most weight to the 10 year period, the most recent 3–year period actually has the greatest impact because it is included in all 3 rating periods. The Fund was rated 2 stars against 306 funds in the category for the 3-year period. The Fund’s other share class may have different performance characteristics. Past performance is no guarantee of future results. 2022 © Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Est. 5-year EPS Growth %: Estimated percentage increase in earnings per share (EPS) per year of the fund’s holdings over the next 5 years. Returns are not guaranteed and may be higher or lower. Source: Wasatch and FactSet. P/E Ratio (forward and trailing): Sum of stock prices of the fund’s holdings divided by the aggregate earnings per share of those holdings for the next 12 months (forward), or past 12 months (trailing), calculated as a weighted harmonic average. P/E to Growth Rate: Forward 12-month P/E ratio divided by the estimated 5-year EPS growth rate. Portfolios with a number less than 1.0 would be considered undervalued, around 1.0 would be considered fair valued and significantly greater than 1.0 would be considered overvalued. Weighted Average Market Cap: Average market capitalization of companies held by the fund, weighted by their percentage of fund net assets. Portfolio Turnover: A measure of trading activity in a fund’s portfolio over the past 12 months expressed as a percentage of the fund’s average total assets. Alpha measures a fund’s risk/reward potential. A positive alpha means the fund outperformed the index. A negative alpha means the fund underperformed the index. Beta measures a fund’s risk in relation to the market. A beta of 0.8 means the fund’s total return is likely to move up or down 80% of the market change; 1.25 means total return is likely to move up or down 25% more than the market. R-Squared measures (from 0 to 1.0) how closely a fund’s movements are correlated with movements of its benchmark. An R-squared of 1.0 would mean that the fund’s movements are completely correlated with the movements of its benchmark. Active Share measures the difference between portfolio holdings and the benchmark. It is the sum of the absolute values of the different weightings of each holding in the fund versus each holding in the benchmark, divided by 2. Standard Deviation measures the degree to which a fund’s performance has varied from its average performance over a particular time period. The greater the standard deviation, the greater a fund’s volatility (risk). Upside Capture explains how well a fund performs in time periods where the benchmark’s returns are greater than zero. Downside Capture explains how well a fund performs in time periods where the benchmark’s returns are less than zero.

Country Allocation is defined by the MSCI Country Classification Standard and may differ from the economic country classification used to determine qualifying investments.

Fund holdings are subject to risks and may change at any time. References to specific securities should not be construed as recommendations by the Fund or its Advisor.

Wasatch Funds are distributed by ALPS Distributors, Inc.

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