Invest With Us

Wasatch Global Value Strategy

See Related Fund
Wasatch Global Value Strategy
TOP

Strategy Overview

Objective

Capital appreciation and income

Highlights
  • A concentrated, yet diversified high-conviction portfolio of 25-40 stocks
  • Value-oriented – focus on buying stocks below their long-term intrinsic value
  • Truly active, collaborative, bottom-up, fundamental process
  • Disciplined portfolio construction and risk analysis
Investment Approach

Fundamentally driven, supported by a historically robust quantitative screen, exhaustive fundamental analysis and rigorous attention to portfolio construction and risk analysis

Key to our process is building in-depth financial models, including detailed segment analysis. This provides insight into company business drivers, growth and profitability characteristics, enabling a view into intrinsic value

At least 40% of the portfolio invested outside the U.S.

Primarily invests in companies with market caps over $5 billion

Approximately 25-40 positions

Portfolio Managers
David Powers David Powers Lead Portfolio Manager
2 years on strategy
7 years at wasatch
Quick Look
As of 06/30/20
Total Assets*
$104.7M
Mutual Fund
$104.7M
Separate Accounts
$0
Inception Date
10/31/17
Account Minimum
$1m
Primary Benchmark
MSCI AC World Index

*Total strategy assets across all vehicles and composites

Documents
Fact Sheet
Commentary
2 Cumulative PM years on strategy

We build in-depth financial models to gain insights into companies’ business drivers, likely growth rates and profitability characteristics. We are focused on buying companies below their long-term intrinsic value.”

—Dave Powers, Lead Portfolio Manager

Performance

Average Annual Total Returns AS OF 06/30/20 AS OF 07/31/20
Quarter-End Month-end
1 Month
3 Month
ytd
1 yr
3 yr
5 yr
10 yr
Since
Inception
Global Value Composite (Gross)
2.44%
5.56%
-16.92%
-10.14%
N/A
N/A
N/A
-2.16%
Global Value Composite (Net)
2.37%
5.34%
-17.35%
-10.91%
N/A
N/A
N/A
-2.99%
MSCI AC World Index
5.29%
13.38%
-1.29%
7.20%
N/A
N/A
N/A
5.39%

Returns for periods less than one year are not annualized. Since inception performance is calculated from 11/30/2017.

Calendar Year Returns (%) NET OF FEES (AS OF 12/31/19)
Global Value Composite
MSCI AC World Index

Performance is preliminary and subject to change. Past performance is not indicative of future results. Wasatch Global Investors is an independent registered investment advisor. Registration does not imply a certain level of skill or training. Wasatch claims compliance with the Global Investment Performance Standards (GIPS®). To receive a complete list of composite descriptions of Wasatch composites and/or a GIPS-compliant presentation, e-mail inforequest@wasatchglobal.com. The U.S. Dollar is the currency used to express performance.

The Global Value Composite contains fully discretionary equity accounts following the Global Value style.  The composite primarily invests in equities in domestic and foreign markets with the goal of capital appreciation and income.  For comparison purposes the composite is measured against the MSCI AC World index.

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

MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products.

See More +

Portfolio

Characteristics AS OF 06/30/20
Portfolio
Index
Number of Holdings
37
2988
Average Market Cap
($ Weighted)
$78.70B
$246.82B
Median Market Cap
$28.80B
$8.89B
EPS Growth (%, est. 5 yr)
4
11
P/E (Forward)
13
19
Portfolio Turnover (%)
81.75
n/a
Active Share (%)
95
n/a
Performance Statistics AS OF 06/30/20
Since Inception
Alpha
-6.41
Beta
0.98
R-Squared
0.91
Standard Deviation
17.59
Upside Capture
70
Downside Capture
103
Top 10 Holdings AS OF 06/30/20
Company
% of Net Assets
China Mobile LTD (China)
5.1%
Johnson & Johnson
4.5%
Duke Energy Corp.
4.1%
Exelon Corp.
4%
Samsung Electronics Co. Ltd. (South Korea)
3.8%
Suncor Energy Inc. (Canada)
3.6%
Eaton Corp.
3.6%
Axis Capital Holdings Ltd.
3.3%
BP PLC (United Kingdom)
3.3%
Science Applications International Corp.
3.2%
37 Number of holdings
95% Active share
Sector Allocation AS OF 06/30/20
Sector
Portfolio
Index
Financials
23.9
13.4
Health Care
9.9
12.9
Information Technology
9.5
20.8
Consumer Staples
9.1
8.1
Industrials
8.4
9.4
Materials
8.2
4.6
Utilities
8.1
3.2
Energy
7.7
3.6
Communication Services
7.2
9.3
Consumer Discretionary
6.7
11.8
Cash & Cash Equivalents*
1.2
0.0
Real Estate
0.0
2.9
Country Allocation AS OF 06/30/20
Portfolio (%)
Developed
81.6
United States
50.9
Netherlands
5.4
Germany
4.4
Canada
3.6
United Kingdom
3.3
Japan
3.2
Switzerland
3.1
Other
7.9
Emerging & Frontier
17.2
South Korea
7.0
China
5.1
Taiwan
2.5
Thailand
1.4
India
1.3
50.9% United States
81.6% Developed
17.2% Em and Frontier

Country weights are calculated as a percentage of total portfolio including cash & cash equivalents.

Commentary & Literature

Commentary
Fact Sheet
News & Updates

Wasatch Advisors Rebrands as Wasatch Global Investors

September 24, 2019

Salt Lake City, Utah, September 24, 2019—Independent investment manager Wasatch Advisors has…

Read More >

Important Disclosures

Portfolio Characteristics, Allocations and Top Ten Holdings are derived from a representative account.

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.

Portfolio holdings are subject to risks and may change at any time.

See More +