Insights / January 15, 2021

Wasatch Micro Cap Fund to Close to New Investors

Wasatch Global Investors announced today that effective at 4:00 p.m. ET on January 29, 2021, the Wasatch Micro Cap Fund—and related institutional strategy—will be “soft closed” to new investors. The Fund will be closed to new purchases, except investments by new shareholders purchasing directly from Wasatch Funds, existing shareholders, and current and future clients purchasing through certain intermediaries, financial advisors and retirement plans with an established position.

“Wasatch takes fund capacity seriously and we believe closing funds before asset growth impacts performance is necessary to protect the integrity of our investment process,” said JB Taylor, CEO of Wasatch Global Investors. “Closing now preserves the ability to invest in the types of companies that have created the Micro Cap Fund’s long-term track record while also keeping the Fund open to existing and new direct shareholders.”

                               Fund to Soft Close Effective January 29, 2021                           
Wasatch FundShare ClassesPortfolio Management
Micro CapInvestor – WMICX

Institutional – WGICX

 

Ken Korngiebel, Lead Portfolio Manager

Dan Chace, Portfolio Manager

 


About Wasatch Global Investors
Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah. Named after the nearby Wasatch Mountain Range, the firm brings unparalleled experience to U.S. and international micro-, small- and mid-cap investing with a culture that emphasizes collaboration, excellence and intellectual curiosity. Wasatch had $32.3 billion in assets under management as of December 31, 2020. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.