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Wasatch Emerging Markets Select Fund
mutual fund
WAESX
Payout Change
Suspended
Price as of:
$17.43
+0.02
+0.11%
primary theme
Emerging Markets Equity
share class
WAESX (Mutual Fund)
Wasatch Emerging Markets Select Fund
Payout Change
Suspended
Price as of:
$17.43
+0.02
+0.11%
primary theme
Emerging Markets Equity
share class
WAESX (Mutual Fund)
Wasatch Emerging Markets Select Fund
Payout Change
Suspended
Price as of:
$17.43
+0.02
+0.11%
primary theme
Emerging Markets Equity
share class
Name
As of 12/09/2024Price
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
5.6%
1 yr return
10.2%
3 Yr Avg Return
-6.9%
5 Yr Avg Return
7.9%
Net Assets
$444 M
Holdings in Top 10
55.5%
52 WEEK LOW AND HIGH
$17.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.36%
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 12/09/2024Price
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
WAESX - Profile
Distributions
- YTD Total Return 5.6%
- 3 Yr Annualized Total Return -6.9%
- 5 Yr Annualized Total Return 7.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.55%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWasatch Emerging Markets Select Fund
-
Fund Family NameWasatch Funds
-
Inception DateDec 13, 2012
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAjay Krishnan
Fund Description
The Fund invests primarily in companies of all market capitalizations that are tied economically to emerging market countries.
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 companies that are tied economically to emerging market countries.
Emerging market countries are those currently included in the Morgan Stanley Capital International (MSCI) Emerging Markets Index. We will consider qualifying investments to be in companies that are listed on an exchange in an emerging market country, that have at least 50% of their assets in an emerging market country, or that derive at least 50% of their revenues or profits from goods produced or sold, investments made, or services performed in an emerging market country.
Under normal market conditions, the Fund will generally invest in 30 to 50 companies. However, we may invest in fewer or more companies when we believe that doing so will help our efforts to achieve the Fund’s investment objective.
We travel extensively outside the U.S. to visit companies and expect to meet with senior management. We use a process of quantitative screening followed by “bottom-up” fundamental analysis with the goal of owning the highest quality growth companies tied economically to emerging market countries. Our analysis may include studying a company’s financial statements, visiting company facilities, and meeting with executive management, suppliers and customers.
We do not use allocation models to restrict the Fund’s investments to certain regions, countries or industries.
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 financials, information technology, industrials, consumer discretionary, and health care.
The Fund may invest a large percentage of its assets (greater than 5%) in a particular region or market, including Asia, India, Taiwan, and China.
The Fund is classified as a non-diversified mutual fund, which means that the Fund may invest a larger percentage of its assets in the securities of a small number of issuers than a diversified fund.
The Fund may invest in initial public offerings (IPOs) and early stage companies.
WAESX - Performance
Return Ranking - Trailing
| Period | WAESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -11.8% | 39.7% | 85.02% |
| 1 Yr | 10.2% | -7.9% | 41.1% | 85.88% |
| 3 Yr | -6.9%* | -11.5% | 11.3% | 93.21% |
| 5 Yr | 7.9%* | -5.1% | 12.3% | 6.51% |
| 10 Yr | 5.6%* | -1.3% | 6.9% | 16.88% |
* Annualized
Return Ranking - Calendar
| Period | WAESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.5% | -6.5% | 35.5% | 10.80% |
| 2022 | -37.4% | -50.1% | -2.4% | 96.19% |
| 2021 | 20.8% | -33.1% | 22.5% | 1.24% |
| 2020 | 48.4% | -22.1% | 80.1% | 4.22% |
| 2019 | 28.0% | -0.7% | 42.0% | 5.55% |
Total Return Ranking - Trailing
| Period | WAESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -11.8% | 39.7% | 85.02% |
| 1 Yr | 10.2% | -7.9% | 41.1% | 85.88% |
| 3 Yr | -6.9%* | -11.5% | 11.3% | 93.21% |
| 5 Yr | 7.9%* | -5.1% | 12.3% | 6.51% |
| 10 Yr | 5.6%* | -1.3% | 6.9% | 16.88% |
* Annualized
Total Return Ranking - Calendar
| Period | WAESX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.5% | -1.0% | 42.0% | 14.49% |
| 2022 | -37.4% | -42.2% | 1.9% | 97.65% |
| 2021 | 21.3% | -32.5% | 33.1% | 3.42% |
| 2020 | 48.4% | -20.0% | 81.6% | 4.22% |
| 2019 | 28.0% | 2.3% | 42.0% | 12.44% |
NAV & Total Return History
WAESX - Holdings
Concentration Analysis
| WAESX | Category Low | Category High | WAESX % Rank | |
|---|---|---|---|---|
| Net Assets | 444 M | 682 K | 103 B | 51.35% |
| Number of Holdings | 33 | 2 | 7534 | 97.87% |
| Net Assets in Top 10 | 250 M | 290 K | 23.8 B | 40.71% |
| Weighting of Top 10 | 55.48% | 2.9% | 101.1% | 4.12% |
Top 10 Holdings
- Bajaj Finance Ltd. 8.02%
- MercadoLibre, Inc. 7.29%
- NU Holdings Ltd. 6.03%
- Voltronic Power Technology Corp. 5.75%
- Divi's Laboratories Ltd. 5.18%
- ASPEED Technology, Inc. 4.94%
- Globant SA 4.91%
- WEG SA 4.88%
- Silergy Corp. 4.38%
- Trent Ltd. 4.11%
Asset Allocation
| Weighting | Return Low | Return High | WAESX % Rank | |
|---|---|---|---|---|
| Stocks | 103.28% | 0.00% | 103.28% | 0.28% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 97.45% |
| Other | 0.00% | -1.11% | 39.53% | 91.35% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 95.00% |
| Cash | 0.00% | -2.03% | 100.35% | 98.87% |
| Bonds | 0.00% | 0.00% | 95.13% | 94.89% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WAESX % Rank | |
|---|---|---|---|---|
| Technology | 31.19% | 0.00% | 47.50% | 9.91% |
| Financial Services | 29.55% | 0.00% | 48.86% | 5.46% |
| Industrials | 13.60% | 0.00% | 43.53% | 7.61% |
| Consumer Cyclical | 13.12% | 0.00% | 48.94% | 36.06% |
| Healthcare | 6.83% | 0.00% | 16.53% | 19.68% |
| Communication Services | 4.18% | 0.00% | 39.29% | 87.36% |
| Basic Materials | 1.53% | 0.00% | 30.03% | 94.54% |
| Utilities | 0.00% | 0.00% | 39.12% | 98.42% |
| Real Estate | 0.00% | 0.00% | 17.15% | 98.56% |
| Energy | 0.00% | 0.00% | 24.80% | 98.85% |
| Consumer Defense | 0.00% | 0.00% | 25.90% | 99.71% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WAESX % Rank | |
|---|---|---|---|---|
| Non US | 77.09% | 0.00% | 100.52% | 78.72% |
| US | 26.19% | 0.00% | 100.95% | 10.35% |
WAESX - Expenses
Operational Fees
| WAESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.36% | 0.03% | 29.98% | 46.94% |
| Management Fee | 1.00% | 0.00% | 2.00% | 85.51% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| WAESX 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
| WAESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 87.04% |
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.
| WAESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 189.00% | 7.61% |
WAESX - Distributions
Dividend Yield Analysis
| WAESX | Category Low | Category High | WAESX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 99.43% |
Dividend Distribution Analysis
| WAESX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| WAESX | Category Low | Category High | WAESX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.55% | -1.98% | 17.62% | 90.43% |
Capital Gain Distribution Analysis
| WAESX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2021 | $0.094 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.035 | OrdinaryDividend |
| Dec 27, 2013 | $0.007 | OrdinaryDividend |
WAESX - Fund Manager Analysis
Managers
Ajay Krishnan
Start Date
Tenure
Tenure Rank
Dec 13, 2012
9.47
9.5%
Mr. Krishnan joined Wasatch Advisors as a Research Analyst in 1994. He was a Research Analyst on Wasatch Small Cap Ultra Growth portfolios prior to becoming a Portfolio Manager. He holds a Master of Business Administration from Utah State University and a Bachelor of Science in Physics with a minor in Mathematics from Bombay University.
Scott Thomas
Start Date
Tenure
Tenure Rank
Jan 31, 2016
6.33
6.3%
Scott Thomas, CFA, CPA joined Wasatch Advisors in 2012 as a senior equities analyst on the international research team. Prior to joining Wasatch, he worked as a vice president in equity research at Morgan Stanley & Co. in New York City. Prior to Morgan Stanley & Co., Mr. Thomas worked at KPMG LLP in San Francisco and New York. Mr. Thomas holds a Bachelor of Science in Accounting from Brigham Young University.
Matthew Dreith
Start Date
Tenure
Tenure Rank
Jan 31, 2018
4.33
4.3%
Matthew Dreith, CFA has been an associate portfolio manager. Mr. Dreith joined the Wasatch Advisors, Inc. as a research analyst in 2011. Prior to joining Wasatch, Mr. Dreith worked as an investment analyst at the Time Value of Money L.P. in Austin, Texas as well as American Century Investments in Kansas City, Missouri. Mr. Dreith also completed an investment analyst internship with Alchemy Capital Management in Mumbai, India. Mr. Dreith earned a Master of Business Administration from McCombs School of Business at the University of Texas and a Bachelor of Science in Finance from the University of Colorado Boulder.
Neal Dihora
Start Date
Tenure
Tenure Rank
Jan 31, 2022
0.33
0.3%
Dihora initially joined Wasatch Advisors Inc. in 2002 and worked for a year as a senior equities analyst. He then went to Nicholas Company Inc. as a research analyst and rejoined Wasatch in 2006. Mr. Neal Dihora has been Co-Portfolio Manager and joined Nicholas as a senior research analyst in June 2015. Dihora holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
