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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Wasatch Micro Cap Value Fund

WAMVX | Fund

$4.23

$319 M

0.00%

1.73%

Vitals

YTD Return

25.9%

1 yr return

39.1%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

14.1%

Net Assets

$319 M

Holdings in Top 10

22.6%

52 WEEK LOW AND HIGH

$4.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$2,000

IRA

$2,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Wasatch Micro Cap Value Fund

WAMVX | Fund

$4.23

$319 M

0.00%

1.73%

WAMVX - Profile

Distributions

  • YTD Total Return 25.9%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 14.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Wasatch Micro Cap Value Fund
  • Fund Family Name
    Wasatch Funds
  • Inception Date
    Jul 28, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Bythrow

Fund Description

The Fund invests primarily in micro cap companies.
Under normal market conditions, we will invest at least 80% of the Fund’s net assets (plus borrowings for investment purposes) in the equity securities, typically common stock, of micro-capitalization companies. The Fund 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 as of its most recent reconstitution date. The Russell Microcap Index reconstitution date is typically each year on or around July 1. As of the 2023 reconstitution date, the market capitalization of companies included in the Russell Microcap Index ranged from $6.6 million to $4.84 billion. The market capitalizations for the range of companies in the Russell Microcap Index are subject to change at its next reconstitution date.
The Fund may invest up to 30% of its total assets at the time of purchase in securities issued by foreign companies (companies that are incorporated in any country outside the United States and whose securities principally trade outside the United States). Securities issued by companies incorporated outside the United States whose securities are principally traded in the United States are not defined as foreign companies and are not subject to this limitation.
While the Fund primarily invests in value companies, it may also invest in growth companies if the Advisor believes that a company’s current valuation is at a sufficient discount to its projected long-term earnings growth rate.
We use a “bottom-up” process of fundamental analysis to look for individual companies that we believe are temporarily undervalued but have significant potential for stock price appreciation. Our analysis may include studying a company’s financial statements, visiting company facilities, and meeting with executive management, suppliers and customers.
We typically look for companies that we believe fall into one of these three categories at the time of purchase:
•
Undiscovered Gems — Companies that we believe have excellent growth potential that’s gone unnoticed by most analysts and investors.
•
Fallen Angels — High-quality growth companies that have experienced what we believe to be a temporary setback, and therefore the stock price may be below the company’s intrinsic value and could be appealing relative to the long-term growth potential of the business.
•
Value Momentum Companies — Companies that have a low valuation relative to the companies’ history or industry peers, but for which we have identified a catalyst that may create momentum in the business and in thestock.
The Fund may invest a large percentage of its assets (greater than 5%) in a particular region or market, including Europe and the United Kingdom.
The Fund may invest a large percentage of its assets (greater than 5%) in a few sectors. As of the date of this Prospectus, these sectors were industrials, information technology, financials, health care, consumer discretionary, and consumer staples.
The Fund may invest in initial public offerings (IPOs).
Read More

WAMVX - Performance

Return Ranking - Trailing

Period WAMVX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.9% -0.1% 94.2% 14.23%
1 Yr 39.1% 6.1% 92.9% 19.71%
3 Yr -1.2%* -18.7% 59.3% 48.15%
5 Yr 14.1%* -3.5% 47.4% 7.36%
10 Yr 13.0%* 1.6% 24.9% 7.69%

* Annualized

Return Ranking - Calendar

Period WAMVX Return Category Return Low Category Return High Rank in Category (%)
2023 13.1% -20.5% 54.6% 61.54%
2022 -28.9% -82.1% 32.2% 45.19%
2021 2.7% -90.6% 300.1% 25.61%
2020 24.5% -63.0% 127.9% 65.89%
2019 18.9% -7.7% 42.9% 64.74%

Total Return Ranking - Trailing

Period WAMVX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.9% -0.1% 94.2% 14.23%
1 Yr 39.1% 6.1% 92.9% 19.71%
3 Yr -1.2%* -18.7% 59.3% 48.15%
5 Yr 14.1%* -3.5% 47.4% 7.36%
10 Yr 13.0%* 1.6% 24.9% 7.69%

* Annualized

Total Return Ranking - Calendar

Period WAMVX Return Category Return Low Category Return High Rank in Category (%)
2023 13.1% -19.0% 136.8% 74.18%
2022 -28.9% -59.9% 44.3% 58.70%
2021 26.8% -22.7% 411.9% 5.61%
2020 40.8% 1.5% 150.8% 42.05%
2019 29.8% 5.5% 55.3% 45.02%

NAV & Total Return History

WAMVX - Holdings

Concentration Analysis

WAMVX Category Low Category High WAMVX % Rank
Net Assets 319 M 209 K 34.3 B 67.88%
Number of Holdings 73 7 1226 74.09%
Net Assets in Top 10 74.1 M 53.8 K 3.24 B 68.98%
Weighting of Top 10 22.56% 7.5% 100.0% 53.93%

Top 10 Holdings

  1. Champion Homes, Inc. 3.61%
  2. Weave Communications, Inc. 2.88%
  3. Granite Construction, Inc. 2.17%
  4. Red Violet, Inc. 2.10%
  5. Addus HomeCare Corp. 2.03%
  6. GCM Grosvenor, Inc. 2.02%
  7. ICF International, Inc. 2.01%
  8. Limbach Holdings, Inc. 1.94%
  9. JDC Group AG 1.92%
  10. Perella Weinberg Partners 1.89%

Asset Allocation

Weighting Return Low Return High WAMVX % Rank
Stocks 		95.86% 85.75% 107.62% 84.49%
Cash 		4.14% 0.00% 28.78% 21.90%
Preferred Stocks 		0.00% 0.00% 4.63% 84.67%
Other 		0.00% -0.26% 6.70% 83.58%
Convertible Bonds 		0.00% 0.00% 1.57% 83.21%
Bonds 		0.00% 0.00% 2.40% 83.76%

Stock Sector Breakdown

Weighting Return Low Return High WAMVX % Rank
Industrials 		21.37% 0.00% 36.64% 12.41%
Technology 		20.54% 2.91% 75.51% 80.11%
Financial Services 		19.08% 0.00% 42.95% 3.65%
Healthcare 		15.46% 0.00% 47.90% 81.57%
Consumer Cyclical 		11.41% 0.00% 24.04% 61.31%
Communication Services 		3.66% 0.00% 15.31% 25.00%
Energy 		2.85% 0.00% 55.49% 48.91%
Basic Materials 		2.15% 0.00% 9.24% 56.20%
Consumer Defense 		1.98% 0.00% 13.56% 82.85%
Real Estate 		1.51% 0.00% 15.31% 55.11%
Utilities 		0.00% 0.00% 5.57% 88.32%

Stock Geographic Breakdown

Weighting Return Low Return High WAMVX % Rank
US 		83.31% 17.30% 107.62% 98.36%
Non US 		12.54% 0.00% 77.12% 1.64%

WAMVX - Expenses

Operational Fees

WAMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.05% 23.20% 18.83%
Management Fee 1.50% 0.05% 1.62% 99.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

WAMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WAMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 66.67%

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.

WAMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.00% 264.00% 57.88%

WAMVX - Distributions

Dividend Yield Analysis

WAMVX Category Low Category High WAMVX % Rank
Dividend Yield 0.00% 0.00% 6.91% 87.77%

Dividend Distribution Analysis

WAMVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

WAMVX Category Low Category High WAMVX % Rank
Net Income Ratio -1.15% -2.47% 1.10% 81.73%

Capital Gain Distribution Analysis

WAMVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

WAMVX - Fund Manager Analysis

Managers

Brian Bythrow

Start Date

Tenure

Tenure Rank

Jul 28, 2003

18.85

18.9%

Brian Bythrow, CFA has been the lead portfolio manager since he joined Wasatch Advisors, Inc. in 2003. Since 1998 and prior to joining the Advisor, Mr. Bythrow was the portfolio manager for the 1st Source Monogram Special Equity Fund. Earlier, he was an Equity Analyst with Parkstone Funds and a Credit Analyst with Shoreline Bank. Bythrow served in the US Air Force for five years, rising to the rank of Captain. He earned a Master of Business Administration from California State University, Sacramento and a Bachelor of Science in Social Sciences from the United States Air Force Academy.

Thomas Bradley

Start Date

Tenure

Tenure Rank

Jan 31, 2022

0.33

0.3%

Thomas Bradley has been an associate portfolio manager for the Micro Cap Value Fund since January 31, 2022. He joined the Advisor in 2014 as an analyst on the U.S. small cap research team. Prior to joining the Advisor, he worked as a lab technician at the University of Utah Medical School conducting scientific research on iron metabolism. He earned a Bachelor of Arts in Japanese Language and Literature from the University of Utah.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.44 9.12 5.25

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