WMICX: Wasatch Micro Cap

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WMICX Wasatch Micro Cap


Profile

WMICX - Profile

Vitals

  • YTD Return 14.0%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $688 M
  • Holdings in Top 10 26.8%

52 WEEK LOW AND HIGH

$8.69
$4.83
$8.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.66%

SALES FEES

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

BROKERAGE FEES

  • Turnover 67.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,000
  • IRA $2,000

Fund Classification


Distributions

  • YTD Total Return 14.0%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.31%
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 markets, emerging markets, or frontier markets.


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Categories

Performance

WMICX - Performance

Return Ranking - Trailing

Period WMICX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.0% -36.4% 51.6% 12.62%
1 Yr 14.6% -44.5% 38.7% 6.70%
3 Yr 4.2%* -53.9% 24.7% 28.60%
5 Yr 1.2%* -39.8% 17.6% 40.41%
10 Yr 7.9%* -17.7% 14.7% 28.79%

* Annualized

Return Ranking - Calendar

Period WMICX Return Category Return Low Category Return High Rank in Category (%)
2019 27.2% -49.8% 42.9% 20.60%
2018 -21.6% -54.2% 13.6% 61.51%
2017 18.1% -73.6% 36.1% 32.39%
2016 -1.4% -49.0% 133.1% 88.73%
2015 -15.0% -70.7% 8.6% 73.39%

Total Return Ranking - Trailing

Period WMICX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.0% -36.4% 51.6% 12.62%
1 Yr 14.6% -44.5% 38.7% 6.70%
3 Yr 4.2%* -24.3% 29.7% 44.42%
5 Yr 1.2%* -19.4% 21.3% 65.15%
10 Yr 7.9%* -8.4% 25.2% 67.49%

* Annualized

Total Return Ranking - Calendar

Period WMICX Return Category Return Low Category Return High Rank in Category (%)
2019 27.2% -49.8% 42.9% 20.60%
2018 -21.6% -54.2% 14.5% 71.31%
2017 18.1% -5.9% 42.0% 61.55%
2016 -1.4% -16.4% 133.1% 94.57%
2015 -15.0% -59.6% 19.3% 89.27%

NAV & Total Return History


Holdings

WMICX - Holdings

Concentration Analysis

WMICX Category Low Category High WMICX % Rank
Net Assets 688 M 5.02 M 25.8 B 41.68%
Number of Holdings 77 1 2001 75.75%
Net Assets in Top 10 120 M 753 K 2.93 B 38.99%
Weighting of Top 10 26.75% 7.0% 100.0% 24.25%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High WMICX % Rank
Stocks
99.26% 85.11% 103.86% 15.37%
Cash
0.74% -4.54% 16.82% 82.25%
Preferred Stocks
0.00% 0.00% 4.03% 68.46%
Other
0.00% -14.02% 11.74% 70.52%
Convertible Bonds
0.00% 0.00% 0.00% 65.13%
Bonds
0.00% -0.08% 0.07% 65.61%

Stock Sector Breakdown

Weighting Return Low Return High WMICX % Rank
Healthcare
29.94% 0.08% 54.38% 42.95%
Technology
28.42% 2.71% 75.34% 27.42%
Industrials
21.89% 1.13% 34.78% 10.14%
Consumer Cyclical
9.14% 0.00% 32.16% 54.99%
Financial Services
4.68% 0.00% 22.83% 69.57%
Consumer Defense
3.91% 0.00% 18.15% 63.87%
Energy
1.48% 0.00% 5.19% 11.57%
Communication Services
0.55% 0.00% 12.66% 80.98%
Utilities
0.00% 0.00% 6.57% 77.02%
Real Estate
0.00% 0.00% 10.46% 94.29%
Basic Materials
0.00% 0.00% 12.65% 92.08%

Stock Geographic Breakdown

Weighting Return Low Return High WMICX % Rank
US
96.59% 80.10% 101.74% 24.41%
Non US
2.67% 0.00% 12.64% 49.60%

Expenses

WMICX - Expenses

Operational Fees

WMICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.66% 0.06% 36.03% 23.85%
Management Fee 1.50% 0.05% 1.50% 99.84%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

WMICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WMICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 47.37%

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 Return Low Category Return High Rank in Category (%)
Turnover 67.00% 9.00% 474.00% 55.34%

Distributions

WMICX - Distributions

Dividend Yield Analysis

WMICX Category Low Category High WMICX % Rank
Dividend Yield 0.00% 0.00% 28.84% 66.09%

Dividend Distribution Analysis

WMICX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

WMICX Category Low Category High WMICX % Rank
Net Income Ratio -1.31% -2.35% 1.11% 89.94%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WMICX - Fund Manager Analysis

Managers

Daniel Chace


Start Date

Tenure

Tenure Rank

Jan 31, 2004

16.42

16.4%

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 Korngiebel


Start Date

Tenure

Tenure Rank

Jul 01, 2017

3.0

3.0%

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. His investment career has spanned more than 20 years, during which he has covered small-, mid- and large-cap growth stocks across all sectors. Prior to joining the Advisor, Mr. Korngiebel was a founder, partner and lead portfolio manager at Montibus Capital Management, a business backed by Stifel Financial Corp. At Montibus, he led a team of five investment professionals from 2006 to 2015, managing the firm’s long-only, small-, and SMID-cap growth portfolios totaling $1 billion in assets. Earlier in his career, he was a senior managing director and lead portfolio manager at Columbia Management Company, where he rebuilt a six-person investment team, implemented a new philosophy and process, and managed small-, SMID- and mid-cap growth portfolios totaling $2.6 billion in assets. His tenure at Columbia Management was from 1996 to 2006. 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 Category High Category Average Category Mode
0.17 28.92 8.17 3.33