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WMICX Wasatch Micro Cap

  • Fund
  • WMICX
  • Price as of: Jan 19, 2018
  • $7.90
  • + $0.10
  • + 1.28%
  • Category
  • Micro Cap Equities

WMICX - Profile

Vitals

  • YTD Return 3.4%
  • 3 Yr Annualized Return 13.2%
  • 5 Yr Annualized Return 16.0%
  • Net Assets $330 M
  • Holdings in Top 10 23.0%

52 WEEK LOW AND HIGH

$7.90
$6.61
$8.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$2,000

Investment Themes

CATEGORY

Micro Cap Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 13.2%
  • 5 Yr Annualized Total Return 16.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.43%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Wasatch Micro Cap Fund
  • Fund Family Name Wasatch
  • Inception Date Jun 19, 1995
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel Chace

Fund Description

The fund invests at least 80% of the fund's net assets (plus borrowings for investment purposes) in the equity securities of micro-capitalization companies. The adviser considers a company to be a micro-capitalization company if its market capitalization, at the time of purchase, is less than the larger of $1.5 billion or the market capitalization of the largest company in the Russell Microcap Index. It may invest up to 30% of its total assets at the time of purchase in securities issued by foreign companies in developed or emerging markets.

WMICX - Performance

Return Ranking - Trailing

Period WMICX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.4% -13.2% 10.3% 62.71% 4
1 Yr 36.1% -13.9% 38.4% 3.33% 1
3 Yr 13.2% * -1.9% 19.2% 7.41% 1
5 Yr 16.0% * 3.8% 21.2% 13.73% 1
10 Yr 7.7% * 1.8% 10.8% 70.97% 4

* Annualized


Return Ranking - Calendar

Period WMICX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 18.1% -17.6% 28.9% 10.34% 1
2016 -1.4% -22.1% 33.0% 91.07% 5
2015 -15.0% -30.4% 3.3% 79.63% 4
2014 -4.2% -24.9% 28.6% 31.37% 2
2013 44.7% 1.8% 64.7% 32.61% 2

Total Return Ranking - Trailing

Period WMICX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.4% -13.2% 10.3% 62.71% 4
1 Yr 36.1% -10.9% 38.4% 3.33% 1
3 Yr 13.2% * 0.5% 19.2% 7.41% 1
5 Yr 16.0% * 3.9% 21.2% 11.76% 1
10 Yr 7.7% * 1.8% 10.8% 61.29% 3

* Annualized


Total Return Ranking - Calendar

Period WMICX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 18.1% -17.6% 28.9% 10.34% 1
2016 -1.4% -10.7% 33.0% 91.07% 5
2015 -1.1% -16.2% 8.2% 31.48% 2
2014 0.2% -8.6% 47.2% 47.06% 3
2013 60.3% 1.8% 386.6% 52.17% 3

NAV & Total Return History

WMICX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

WMICX Category Low Category High WMICX % Rank Quintile
Net Assets 330 M 3.66 M 6.38 B 4.92% 1
Number of Holdings 84 38 1562 29.51% 3
Net Assets in Top 10 70.4 M 405 K 250 M 4.92% 1
Weighting of Top 10 23.0% 3.8% 43.5% 27.87% 3

Top 10 Holdings

  1. Ensign Group Inc 2.08%
  2. LGI Homes Inc 2.71%
  3. Superior Uniform Group Inc 2.76%
  4. HealthEquity Inc 2.67%
  5. Installed Building Products Inc 2.58%
  6. Freshpet Inc 2.13%
  7. Vmart Retail Ltd Common Stock Inr10. 2.29%
  8. Envestnet Inc 2.00%
  9. Trex Co Inc 1.91%
  10. Exact Sciences Corp 1.90%

Asset Allocation

Weighting Category Low Category High WMICX % Rank Quintile
Stocks
97.91% 74.74% 100.00% 14.75% 1
Other
1.63% 0.00% 5.38% 8.20% 1
Cash
0.45% 0.00% 21.82% 50.82% 5
Preferred Stocks
0.00% 0.00% 3.48% 9.84% 1
Convertible Bonds
0.00% 0.00% 0.02% 3.28% 1
Bonds
0.00% -0.08% 3.42% 4.92% 1

Stock Sector Breakdown

Weighting Category Low Category High WMICX % Rank Quintile
Technology
29.75% 6.04% 51.27% 8.20% 1
Healthcare
18.33% 1.26% 30.21% 16.39% 2
Consumer Cyclical
12.65% 5.54% 42.26% 45.90% 4
Financial Services
11.52% 0.00% 34.45% 32.79% 3
Industrials
7.91% 5.67% 28.87% 57.38% 5
Consumer Defense
5.99% 0.00% 9.92% 11.48% 1
Basic Materials
4.49% 0.00% 11.31% 26.23% 2
Real Estate
3.61% 0.00% 8.78% 18.03% 2
Energy
1.36% 0.00% 10.66% 44.26% 5
Utilities
0.00% 0.00% 6.35% 18.03% 2
Communication Services
0.00% 0.00% 6.32% 44.26% 4

Stock Geographic Breakdown

Weighting Category Low Category High WMICX % Rank Quintile
US
82.34% 65.52% 99.11% 52.46% 5
Non US
15.57% 0.00% 23.41% 3.28% 1

WMICX - Expenses

Operational Fees

WMICX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.75% 0.52% 6.72% 47.54% 3
Management Fee 1.50% 0.50% 1.50% 1.64% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

WMICX Fees (% of AUM) Category Low Category High WMICX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

WMICX Fees (% of AUM) Category Low Category High WMICX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 3.13% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WMICX Fees (% of AUM) Category Low Category High WMICX Rank Quintile
Turnover 31.00% 8.82% 180.00% 37.93% 1

WMICX - Distributions

Dividend Yield Analysis

WMICX Category Low Category High WMICX % Rank Quintile
Dividend Yield 0.0% 0.01% 0.63% 92.31% 5

Dividend Distribution Analysis

WMICX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

WMICX Category Low Category High WMICX % Rank Quintile
Net Income Ratio -1.43% -2.70% 0.75% 68.85% 5

Capital Gain Distribution Analysis

WMICX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

WMICX - Managers

Daniel Chace

Manager

Start Date

Jan 31, 2004

Tenure

13.93

Tenure Rank

6.1%

Dan Chace, CFA joined Wasatch Advisors in 2002. Prior to joining Wasatch, Mr. Chace earned a Master of Business Administration from Harvard Business School. Before entering business school in 2000, he worked in New York City as an equities analyst following Latin American financial institutions at J.P. Morgan Securities Inc. From 1999 to 2000, he was the lead Latin American financial institutions analyst at SG Cowen Securities Corporation. Mr. Chace received a Bachelor of Arts in Cultural Anthropology from Pomona College.


Kenneth A. Korngiebel

Lead Manager

Start Date

Jul 01, 2017

Tenure

0.5

Tenure Rank

40.1%

Kenneth A. Korngiebel, CFA, has been the lead portfolio manager and a portfolio manager at Wasatch Advisors. Mr. Korngiebel joined Wasatch Advisors in 2015, providing additional research support and leadership for the entire U.S. small-cap equity team. Previously, he has been the portfolio manager at Montibus Capital Management LLC in 2006 and is a Managing Director and its Chief Investment Officer. Prior to joining Montibus, he served as a Managing Director at Columbia Management and was the Portfolio Manager. Prior to Columbia Management, he held positions in private equity and commercial real estate. Mr. Korngiebel holds a BA in Economics and Spanish from Stanford University (1987) and an MBA, with a focus on finance, from the Wharton School at the University of Pennsylvania (1996). He is a member of the Portland Society of Financial Analysts.


Tenure Analysis

Category Low

0.1

Category High

23.5

Category Average

6.22

Category Mode

3.0