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Wasatch Micro Cap Fund
mutual fund
WGICX
Payout Change
Suspended
Price as of:
$8.64
-0.07
-0.8%
primary theme
U.S. Small-Cap Growth Equity
share class
WGICX (Mutual Fund)
Wasatch Micro Cap Fund
Payout Change
Suspended
Price as of:
$8.64
-0.07
-0.8%
primary theme
U.S. Small-Cap Growth Equity
share class
WGICX (Mutual Fund)
Wasatch Micro Cap Fund
Payout Change
Suspended
Price as of:
$8.64
-0.07
-0.8%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 12/13/2024Price
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
26.1%
1 yr return
31.3%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
N/A
Net Assets
$656 M
Holdings in Top 10
26.5%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.59%
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 12/13/2024Price
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
WGICX - Profile
Distributions
- YTD Total Return 26.1%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.45%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWasatch Micro Cap Fund
-
Fund Family NameWasatch Funds
-
Inception DateJan 31, 2020
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKenneth Korngiebel
Fund Description
The Fund invests primarily in growing 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 1st. 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 equity securities (typically common stock) 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.
We focus on companies that we consider to be high quality. We use a process of “bottom-up” fundamental analysis to look for companies that we believe have the potential to grow faster than the gross domestic product (GDP) growth of the United States. Our analysis may include studying a company’s financial statements, building proprietary financial models, visiting company facilities, and meeting with executive management, suppliers and customers.
The Fund seeks to purchase stocks at prices we believe are reasonable relative to our projection of a company’s long-term earnings growth rate. The Fund’s secondary objective of income is achieved when fast growing portfolio companies pay dividends, generated by cash flow, typically after achieving growth targets.
The Fund may invest a large percentage of its assets (greater than 5%) in a particular region or market.
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 information technology, industrials, health care, consumer discretionary, and financials.
The Fund may invest in initial public offerings (IPOs).
WGICX - Performance
Return Ranking - Trailing
| Period | WGICX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.1% | -60.4% | 86.4% | 17.78% |
| 1 Yr | 31.3% | -57.4% | 88.1% | 13.89% |
| 3 Yr | -1.3%* | -15.0% | 63.0% | 70.17% |
| 5 Yr | N/A* | -10.4% | 48.0% | 3.65% |
| 10 Yr | N/A* | -3.9% | 25.6% | 4.92% |
* Annualized
Return Ranking - Calendar
| Period | WGICX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.5% | -20.5% | 54.6% | 7.06% |
| 2022 | -40.5% | -82.1% | 32.2% | 90.24% |
| 2021 | -20.8% | -90.6% | 300.1% | 86.42% |
| 2020 | N/A | -63.0% | 127.9% | N/A |
| 2019 | N/A | -7.7% | 42.9% | N/A |
Total Return Ranking - Trailing
| Period | WGICX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 26.1% | -60.4% | 86.4% | 17.78% |
| 1 Yr | 31.3% | -57.4% | 88.1% | 13.89% |
| 3 Yr | -1.3%* | -15.0% | 63.0% | 70.17% |
| 5 Yr | N/A* | -10.4% | 48.0% | 3.48% |
| 10 Yr | N/A* | -3.9% | 25.6% | 4.93% |
* Annualized
Total Return Ranking - Calendar
| Period | WGICX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.5% | -19.0% | 136.8% | 8.55% |
| 2022 | -40.5% | -59.9% | 44.3% | 97.19% |
| 2021 | 5.3% | -22.7% | 411.9% | 69.81% |
| 2020 | N/A | 1.5% | 150.8% | N/A |
| 2019 | N/A | 5.5% | 55.3% | N/A |
NAV & Total Return History
WGICX - Holdings
Concentration Analysis
| WGICX | Category Low | Category High | WGICX % Rank | |
|---|---|---|---|---|
| Net Assets | 656 M | 209 K | 34.3 B | 47.04% |
| Number of Holdings | 73 | 7 | 1226 | 74.81% |
| Net Assets in Top 10 | 181 M | 53.8 K | 3.02 B | 46.48% |
| Weighting of Top 10 | 26.50% | 7.5% | 100.0% | 34.69% |
Top 10 Holdings
- Esquire Financial Holdings, Inc. 3.56%
- Pennant Group, Inc. 3.24%
- Addus HomeCare Corp. 3.10%
- GCM Grosvenor, Inc. 3.06%
- Agilysys, Inc. 2.36%
- Weave Communications, Inc. 2.31%
- Grid Dynamics Holdings, Inc. 2.31%
- Mama's Creations, Inc. 2.29%
- UFP Technologies, Inc. 2.16%
- Veeco Instruments, Inc. 2.11%
Asset Allocation
| Weighting | Return Low | Return High | WGICX % Rank | |
|---|---|---|---|---|
| Stocks | 96.74% | 92.05% | 107.62% | 76.85% |
| Cash | 1.83% | 0.00% | 28.78% | 52.22% |
| Preferred Stocks | 1.36% | 0.00% | 4.59% | 5.00% |
| Other | 0.07% | -0.26% | 6.70% | 27.41% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 90.74% |
| Bonds | 0.00% | 0.00% | 2.40% | 91.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WGICX % Rank | |
|---|---|---|---|---|
| Healthcare | 28.36% | 0.00% | 47.90% | 10.93% |
| Technology | 22.40% | 2.91% | 75.51% | 66.11% |
| Industrials | 21.48% | 0.00% | 36.64% | 12.04% |
| Consumer Cyclical | 13.19% | 0.00% | 24.04% | 38.70% |
| Consumer Defense | 5.86% | 0.00% | 13.56% | 19.07% |
| Financial Services | 4.33% | 0.00% | 42.95% | 76.85% |
| Communication Services | 2.97% | 0.00% | 15.31% | 33.33% |
| Energy | 1.42% | 0.00% | 55.49% | 65.93% |
| Utilities | 0.00% | 0.00% | 5.57% | 93.52% |
| Real Estate | 0.00% | 0.00% | 15.31% | 97.78% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 97.78% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WGICX % Rank | |
|---|---|---|---|---|
| US | 95.59% | 17.30% | 107.62% | 74.26% |
| Non US | 1.15% | 0.00% | 77.12% | 19.81% |
WGICX - Expenses
Operational Fees
| WGICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.59% | 0.05% | 23.20% | 23.19% |
| Management Fee | 1.50% | 0.05% | 1.62% | 99.44% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| WGICX 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
| WGICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 67.39% |
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.
| WGICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 3.00% | 264.00% | 58.90% |
WGICX - Distributions
Dividend Yield Analysis
| WGICX | Category Low | Category High | WGICX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 94.07% |
Dividend Distribution Analysis
| WGICX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| WGICX | Category Low | Category High | WGICX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.45% | -2.47% | 1.10% | 90.64% |
Capital Gain Distribution Analysis
| WGICX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2021 | $2.897 | OrdinaryDividend |
| Dec 17, 2020 | $0.675 | CapitalGainLongTerm |
WGICX - Fund Manager Analysis
Managers
Kenneth Korngiebel
Start Date
Tenure
Tenure Rank
Jul 01, 2017
4.92
4.9%
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.
Natalie Pesqué
Start Date
Tenure
Tenure Rank
Jan 31, 2022
0.33
0.3%
Natalie Pesqué, CFA has been an associate portfolio manager for the Micro Cap Fund since January 31, 2022. She joined the Advisor in 2015 as an analyst on the U.S. small cap research team. Prior to joining the Advisor, Ms. Pesqué was an entrepreneur and teaching assistant for Business Law at the University of Utah. She graduated summa cum laude from the David Eccles School of Business at the University of Utah with a Bachelor of Science in Marketing.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
