WMICX: Wasatch Micro Cap

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WMICX Wasatch Micro Cap

  • Fund
  • WMICX
  • Price as of: Jan 17, 2020
  • $8.00
    + $0.01 + 0.13%

Profile

WMICX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 6.8%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $558 M
  • Holdings in Top 10 25.4%

52 WEEK LOW AND HIGH

$8.00
$6.37
$8.19

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 5.0%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 1.1%
  • 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 5.0% -40.7% 8.8% 18.76%
1 Yr 22.7% -35.2% 44.8% 22.46%
3 Yr 6.8%* -52.7% 28.3% 40.51%
5 Yr 1.1%* -38.2% 24.3% 64.74%
10 Yr 6.8%* -17.7% 16.2% 52.78%

* Annualized

Return Ranking - Calendar

Period WMICX Return Category Return Low Category Return High Rank in Category (%)
2019 27.2% -49.8% 425.7% 20.98%
2018 -21.6% -67.3% 18.6% 61.62%
2017 18.1% -73.6% 36.1% 31.67%
2016 -1.4% -49.0% 133.1% 88.61%
2015 -15.0% -70.7% 173.7% 73.60%

Total Return Ranking - Trailing

Period WMICX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -40.7% 8.8% 18.76%
1 Yr 22.7% -35.2% 44.8% 21.49%
3 Yr 6.8%* -26.2% 28.3% 57.32%
5 Yr 1.1%* -17.0% 28.5% 83.86%
10 Yr 6.8%* -4.4% 26.9% 77.50%

* Annualized

Total Return Ranking - Calendar

Period WMICX Return Category Return Low Category Return High Rank in Category (%)
2019 27.2% -49.8% 425.7% 20.98%
2018 -21.6% -67.1% 18.6% 71.38%
2017 18.1% -5.9% 42.0% 60.00%
2016 -1.4% -16.4% 133.1% 94.30%
2015 -15.0% -59.6% 200.6% 88.98%

NAV & Total Return History


Holdings

WMICX - Holdings

Concentration Analysis

WMICX Category Low Category High WMICX % Rank
Net Assets 558 M 4.21 M 25.9 B 50.08%
Number of Holdings 74 1 2005 78.70%
Net Assets in Top 10 120 M 369 K 2.45 B 45.31%
Weighting of Top 10 25.37% 5.2% 100.0% 27.98%

Top 10 Holdings

  1. Kornit Digital Ltd 3.77%
  2. Medallia Inc 3.13%
  3. ICF International Inc 2.76%
  4. Construction Partners Inc Class A 2.46%
  5. Boot Barn Holdings Inc 2.42%
  6. Freshpet Inc 2.37%
  7. Kadant Inc 2.22%
  8. Transcat Inc 2.12%
  9. Alamo Group Inc 2.08%
  10. Fabrinet 2.05%

Asset Allocation

Weighting Return Low Return High WMICX % Rank
Stocks
98.67% 85.69% 100.09% 22.42%
Cash
1.33% -1.81% 16.27% 72.02%
Preferred Stocks
0.00% 0.00% 3.57% 81.08%
Other
0.00% -13.69% 8.46% 80.92%
Convertible Bonds
0.00% 0.00% 0.00% 78.86%
Bonds
0.00% 0.00% 0.10% 79.33%

Stock Sector Breakdown

Weighting Return Low Return High WMICX % Rank
Technology
37.29% 2.71% 77.08% 6.52%
Healthcare
19.24% 0.14% 44.03% 74.56%
Industrials
19.12% 2.78% 41.67% 40.70%
Consumer Cyclical
9.83% 0.00% 26.64% 74.88%
Financial Services
6.00% 0.00% 22.83% 68.84%
Consumer Defense
5.54% 0.00% 14.28% 30.84%
Energy
2.98% 0.00% 6.78% 10.17%
Utilities
0.00% 0.00% 7.69% 86.01%
Real Estate
0.00% 0.00% 13.50% 96.03%
Communication Services
0.00% 0.00% 11.60% 95.87%
Basic Materials
0.00% 0.00% 10.18% 97.62%

Stock Geographic Breakdown

Weighting Return Low Return High WMICX % Rank
US
88.29% 81.85% 99.87% 89.35%
Non US
10.38% 0.00% 14.36% 1.59%

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% 25.36%
Management Fee 1.50% 0.05% 1.59% 99.52%
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% 47.62%

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% 8.00% 474.00% 52.23%

Distributions

WMICX - Distributions

Dividend Yield Analysis

WMICX Category Low Category High WMICX % Rank
Dividend Yield 0.00% 0.00% 28.44% 80.60%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WMICX Category Low Category High WMICX % Rank
Net Income Ratio -1.31% -2.40% 1.11% 89.39%

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

15.93

15.9%

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

2.5

2.5%

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 Category High Category Average Category Mode
0.09 28.42 7.96 2.84