TOPLong-term growth of capital
We use a bottom-up approach that seeks to identify companies with outstanding long-term growth potential. We look for companies with:
Primarily invests in U.S. companies with market caps between $3 and $30 billion at the time of purchase
Approximately 65 – 95 positions
We believe markets structurally undervalue high-quality companies that compound earnings growth over the long term. The SMID-cap market offers an expansive opportunity set where rigorous research can uncover companies positioned for years of sustainable, self-funded expansion.”
—Jim Shaughnessy, Portfolio Manager
Returns for periods greater than one year are annualized. The performance data quoted represents past performance. Past performance does not guarantee future results. 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.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. This and other information is contained in the prospectus and summary prospectus, which may be obtained by visiting wasatchglobal.com or calling 800.551.1700. Please read the prospectus carefully before investing.
Investing in small- or mid-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.
The Wasatch Small/Mid Cap ETF is an actively managed exchange-traded fund (ETF). ETF shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemed from the Fund. Shares may trade at a premium or discount to NAV, and investors may incur brokerage commissions and bid-ask spreads. Only authorized participants may transact directly with the Fund, and only in large blocks called Creation Units. The Fund has a limited number of financial institutions that may act as authorized participants; if they are unable or unwilling to proceed and no other authorized participant steps in, shares may trade at a discount to NAV and could face delisting.
Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. There can be no assurance that the Fund will achieve its investment objective, outperform its benchmark, generate excess returns, or achieve positive investment results. Investments in small- and mid-cap companies may be more volatile and less liquid than investments in larger companies. Growth stocks may be more volatile than other stocks and may underperform when investors favor value-oriented investments. The Fund is non-diversified, meaning it may 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.
Premiums or discounts are the differences (expressed as a percentage) between the NAV and the market price of the Fund on a given day, generally at the time the NAV is calculated. A premium is the amount that the Fund is trading above its reported NAV, expressed as a percentage of the NAV. A discount is the amount that the Fund is trading below its reported NAV, expressed as a percentage of the NAV. A premium or discount could be significant. For purposes of the premium/discount and market price information, the Fund's market price is determined using the official closing price of the Fund's listing exchange or, if it more accurately reflects the market price at the time as of which NAV is calculated, the midpoint between the national best bid and national best offer as of that time.
The 30-Day Median Bid-Ask Spread is computed by: identifying the Fund's national best bid and national best offer as of the end of each 10-second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values, expressed as a percentage rounded to the nearest hundredth.
Russell 2000 Index represents the smallest 2,000 companies in the Russell 3000 Index, ranked by total market capitalization.
Russell Midcap Index is a market-capitalization-weighted index that measures the performance of the 800 smallest companies in the large-cap Russell 1000 Index.
Russell 2500 Index represents the smallest 2,500 companies in the Russell 3000 Index, ranked by total market capitalization.
Russell 2500 Growth Index measures the performance of Russell 2500 Index companies with higher price-to-book ratios and higher forecasted growth values.
The Fund has been developed solely by Wasatch Global Investors. The Fund is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the Russell Indices vest in the relevant LSE Group company which owns the Index. Russell® is a trademark of the relevant LSE Group company and used by any other LSE Group company under license. TMX® is a trademark of TSX, Inc. and used by the LSE Group under license. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund or the suitability of the Index for the purpose to which it is being put by Wasatch Global Investors.
Indexes are unmanaged, and investors cannot invest directly in an index.
CFA® is a registered trademark of the CFA Institute.
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[CR1.1]), 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. 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.
Country Allocation is defined by the MSCI Country Classification Standard and may differ from the economic country classification used to determine qualifying investments.
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. (ADI). ADI is not affiliated with Wasatch Global Investors. ©2026 Wasatch Global Investors. All Rights Reserved
