Wasatch Global Investors has announced portfolio manager changes for several mutual funds and related institutional strategies. As part of a long-term succession plan, Roger Edgley has stepped away from his role as a Portfolio Manager, while he remains active on the Wasatch Board of Directors and as the firm’s Director of International Research.
Also announced today is the promotion of Jagjit Sahota to Portfolio Manager and Austin Bone and Derrick Tzau to Associate Portfolio Manager. These new titles recognize the contributions, dedication and growing roles of Jagjit, Austin and Derrick. Additionally, two members of the firm’s international research team, Andrey Kutuzov and Jared Whatcott, have left the firm to pursue other opportunities. Full details of the changes are included in the table below.
| Portfolio Manager Changes | ||
| Wasatch Fund | Previous Portfolio Management | Current Portfolio Management |
| Emerging Markets Select Fund | Ajay Krishnan, Lead Portfolio Manager Roger Edgley, Portfolio Manager Scott Thomas, Associate Portfolio Manager Matt Dreith, Associate Portfolio Manager | Ajay Krishnan, Lead Portfolio Manager Scott Thomas, Associate Portfolio Manager Matt Dreith, Associate Portfolio Manager |
| Emerging Markets Small Cap Fund | Ajay Krishnan, Lead Portfolio Manager Dan Chace, Portfolio Manager Roger Edgley, Portfolio Manager Andrey Kutuzov, Associate Portfolio Manager Scott Thomas, Associate Portfolio Manager Kevin Unger, Associate Portfolio Manager | Ajay Krishnan, Lead Portfolio Manager Dan Chace, Portfolio Manager Scott Thomas, Associate Portfolio Manager Kevin Unger, Associate Portfolio Manager |
| Frontier Emerging Small Countries Fund | Scott Thomas, Lead Portfolio Manager Jared Whatcott, Portfolio Manager | Scott Thomas, Lead Portfolio Manager |
| International Growth Fund | Ken Applegate, Lead Portfolio Manager Roger Edgley, Portfolio Manager Linda Lasater, Portfolio Manager | Ken Applegate, Lead Portfolio Manager Linda Lasater, Portfolio Manager Derrick Tzau, Associate Portfolio Manager |
| International Opportunities Fund | Linda Lasater, Lead Portfolio Manager Jared Whatcott, Portfolio Manager Allison He, Associate Portfolio Manager | Linda Lasater, Lead Portfolio Manager Dan Chace, Portfolio Manager Allison He, Associate Portfolio Manager |
| International Select Fund | Ken Applegate, Lead Portfolio Manager Linda Lasater, Lead Portfolio Manager | Ken Applegate, Lead Portfolio Manager Linda Lasater, Lead Portfolio Manager Derrick Tzau, Associate Portfolio Manager |
| Small Cap Value Fund | Jim Larkins, Lead Portfolio Manager | Jim Larkins, Lead Portfolio Manager Austin Bone, Associate 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. Being non-diversified, the International Select 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 value of these securities decline. The investment objective of the Funds is long-term growth of capital. The International Select Fund is new and has a limited operating history.
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.