Invest With Us
Invest With Us

Wasatch International Select Fund

Ticker WGISX
NAV As of 04/02/20 $9.27
Daily Change As of 04/02/20 $0.00 / 0.00%
Wasatch International Select Fund
Ticker WGISX
NAV $9.27
Daily Change $0.00 / 0.00%
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 outside the U.S.
  • 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 Lead Portfolio Manager
< 1 year on fund
5 years at wasatch
Linda Lasater Linda Lasater Lead Portfolio Manager
< 1 year on fund
13 years at wasatch
Derrick Tzau Derrick Tzau Associate Portfolio Manager
< 1 year on fund
2 years at wasatch

“Our dedicated, systematic investment process and proprietary research may give us an advantage from the small-cap stage through the lower end of the large-cap stage.”

—KEN APPLEGATE, LEAD PORTFOLIO MANAGER

Performance

Average Annual Total Returns AS OF 03/31/20 AS OF 03/31/20
Quarter-End Month-end
1 Month
3 Month
ytd
1 yr
3 yr
5 yr
10 yr
Since
Inception
International Select Fund
-8.20%
-15.00%
-15.00%
N/A
N/A
N/A
N/A
-4.80%
MSCI EAFE Index
-13.35%
-22.83%
-22.83%
N/A
N/A
N/A
N/A
-16.52%

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 1.79% The Advisor has contractually agreed to limit certain expenses to 0.90% through at least 1/31/2021. The Fund is new and has a limited operating history.

Growth of Hypothetical Investment 10/01/19 to 12/31/19
International Select Fund
MSCI EAFE 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.

Portfolio

Characteristics AS OF 12/31/19
Fund
Index
Number of Holdings
28
918
Average Market Cap
($ Weighted)
$16.58b
$67.05b
Median Market Cap
$10.55b
$11.11b
EPS Growth (%, est. 5 yr)
12
8
P/E (Forward)
34
15
Portfolio Turnover (%)
0
n/a
Active Share (%)
98
n/a
Performance Statistics AS OF 03/31/20
Since Inception
Alpha
16.51
Beta
0.76
R-Squared
0.93
Standard Deviation
17.47
Upside Capture
N/A
Downside Capture
N/A
Top 10 Holdings AS OF 12/31/19
Company
% of Net Assets
Coloplast A/S
5.0%
Assa Abloy AB
4.7%
Tsuruha Holdings, Inc.
4.7%
Intertek Group plc
4.5%
Halma plc
4.3%
Fisher & Paykel Healthcare Corp. Ltd.
4.2%
Dassault Systemes SE
4.1%
Cochlear Ltd.
3.9%
Rational AG
3.9%
Sonova Holding AG
3.8%
28 Number of holdings
98% Active share
Sector Allocation AS OF 12/31/19
Sector
Fund
Index
Health Care
30.0%
12.2%
Information Technology
20.3%
7.0%
Industrials
18.3%
15.0%
Consumer Staples
12.1%
11.3%
Consumer Discretionary
4.3%
11.6%
Materials
3.4%
7.1%
Financials
3.2%
18.6%
Communication Services
2.3%
5.2%
Energy
0.0%
4.9%
Real Estate
0.0%
3.5%
Utilities
0.0%
3.7%

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

Country Allocation AS OF 12/31/19
Fund (%)
Developed
91.3
Japan
21.8
United Kingdom
11.0
France
10.8
Switzerland
9.9
Denmark
8.4
New Zealand
7.3
Australia
6.2
Other
15.9
Emerging & Frontier
2.6
China
2.6

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

91.3% Developed
2.6% 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
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 Fund is new and has a limited operating history.

The MSCI EAFE Index is an unmanaged index capturing large and mid-cap representation across developed markets around the world, excluding the US and Canada.

You cannot invest directly in any index.

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.

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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