Salt Lake City, Utah, August 14, 2020—Wasatch Global Investors announced today that effective at 4:00 p.m. EDT on September 11, 2020, the Wasatch Ultra Growth Fund—and related institutional strategy Wasatch Small Cap Ultra Growth—will be “soft closed” to new investors. The Fund will be closed to new purchases, except purchases 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.
Fund to Soft Close Effective September 11, 2020
|Wasatch Fund||Share Classes||Portfolio Management|
|Ultra Growth||Investor – WAMCX|
Institutional – WGMCX
|John Malooly, Lead 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 $23.8 billion in assets under management as of July 31, 2020. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
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. The investment objective of the Fund is long-term growth of capital.
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.
Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI). ADI is not affiliated with Wasatch Global Investors.