Wasatch Micro Cap Value Fund
Fund
WGMVX
Price as of:
$4.28
+ $0.01
+ 0.23%
Primary Theme
fund company
Name
As of 11/20/2024Price
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
Vitals
YTD Return
26.3%
1 yr return
39.0%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
N/A
Net Assets
$319 M
Holdings in Top 10
22.6%
52 WEEK LOW AND HIGH
$4.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$100,000
IRA
$100,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
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
WGMVX - Profile
Distributions
- YTD Total Return 26.3%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.10%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWasatch Micro Cap Value Fund
-
Fund Family NameWasatch Funds
-
Inception DateJan 31, 2020
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian 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).
WGMVX - Performance
Return Ranking - Trailing
| Period | WGMVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.3% | -0.1% | 94.2% | 12.59% |
| 1 Yr | 39.0% | 6.1% | 92.9% | 18.98% |
| 3 Yr | -0.6%* | -18.7% | 59.3% | 46.11% |
| 5 Yr | N/A* | -3.5% | 47.4% | 6.96% |
| 10 Yr | N/A* | 1.6% | 24.9% | 3.98% |
* Annualized
Return Ranking - Calendar
| Period | WGMVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.4% | -20.5% | 54.6% | 59.52% |
| 2022 | -29.0% | -82.1% | 32.2% | 45.37% |
| 2021 | 3.2% | -90.6% | 300.1% | 24.11% |
| 2020 | N/A | -63.0% | 127.9% | N/A |
| 2019 | N/A | -7.7% | 42.9% | N/A |
Total Return Ranking - Trailing
| Period | WGMVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.3% | -0.1% | 94.2% | 12.59% |
| 1 Yr | 39.0% | 6.1% | 92.9% | 18.98% |
| 3 Yr | -0.6%* | -18.7% | 59.3% | 46.11% |
| 5 Yr | N/A* | -3.5% | 47.4% | 6.79% |
| 10 Yr | N/A* | 1.6% | 24.9% | 3.98% |
* Annualized
Total Return Ranking - Calendar
| Period | WGMVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.4% | -19.0% | 136.8% | 72.71% |
| 2022 | -29.0% | -59.9% | 44.3% | 58.89% |
| 2021 | 27.3% | -22.7% | 411.9% | 5.42% |
| 2020 | N/A | 1.5% | 150.8% | N/A |
| 2019 | N/A | 5.5% | 55.3% | N/A |
NAV & Total Return History
WGMVX - Holdings
Concentration Analysis
| WGMVX | Category Low | Category High | WGMVX % Rank | |
|---|---|---|---|---|
| Net Assets | 319 M | 209 K | 34.3 B | 67.70% |
| Number of Holdings | 73 | 7 | 1226 | 72.81% |
| Net Assets in Top 10 | 74.1 M | 53.8 K | 3.24 B | 68.80% |
| Weighting of Top 10 | 22.56% | 7.5% | 100.0% | 53.75% |
Top 10 Holdings
- Champion Homes, Inc. 3.61%
- Weave Communications, Inc. 2.88%
- Granite Construction, Inc. 2.17%
- Red Violet, Inc. 2.10%
- Addus HomeCare Corp. 2.03%
- GCM Grosvenor, Inc. 2.02%
- ICF International, Inc. 2.01%
- Limbach Holdings, Inc. 1.94%
- JDC Group AG 1.92%
- Perella Weinberg Partners 1.89%
Asset Allocation
| Weighting | Return Low | Return High | WGMVX % Rank | |
|---|---|---|---|---|
| Stocks | 95.86% | 85.75% | 107.62% | 84.85% |
| Cash | 4.14% | 0.00% | 28.78% | 21.72% |
| Preferred Stocks | 0.00% | 0.00% | 4.63% | 46.35% |
| Other | 0.00% | -0.26% | 6.70% | 58.58% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 41.24% |
| Bonds | 0.00% | 0.00% | 2.40% | 40.69% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WGMVX % Rank | |
|---|---|---|---|---|
| Industrials | 21.37% | 0.00% | 36.64% | 12.23% |
| Technology | 20.54% | 2.91% | 75.51% | 79.93% |
| Financial Services | 19.08% | 0.00% | 42.95% | 3.47% |
| Healthcare | 15.46% | 0.00% | 47.90% | 81.39% |
| Consumer Cyclical | 11.41% | 0.00% | 24.04% | 61.13% |
| Communication Services | 3.66% | 0.00% | 15.31% | 24.82% |
| Energy | 2.85% | 0.00% | 55.49% | 48.72% |
| Basic Materials | 2.15% | 0.00% | 9.24% | 56.02% |
| Consumer Defense | 1.98% | 0.00% | 13.56% | 82.66% |
| Real Estate | 1.51% | 0.00% | 15.31% | 54.93% |
| Utilities | 0.00% | 0.00% | 5.57% | 58.58% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WGMVX % Rank | |
|---|---|---|---|---|
| US | 83.31% | 17.30% | 107.62% | 98.18% |
| Non US | 12.54% | 0.00% | 77.12% | 1.46% |
WGMVX - Expenses
Operational Fees
| WGMVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.65% | 0.05% | 23.20% | 21.94% |
| Management Fee | 1.50% | 0.05% | 1.62% | 99.27% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| WGMVX 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
| WGMVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 25.00% |
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.
| WGMVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 3.00% | 264.00% | 57.53% |
WGMVX - Distributions
Dividend Yield Analysis
| WGMVX | Category Low | Category High | WGMVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 51.64% |
Dividend Distribution Analysis
| WGMVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| WGMVX | Category Low | Category High | WGMVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.10% | -2.47% | 1.10% | 80.44% |
Capital Gain Distribution Analysis
| WGMVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2021 | $0.935 | OrdinaryDividend |
| Dec 17, 2020 | $0.532 | CapitalGainLongTerm |
WGMVX - 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 |