Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Wasatch Small Cap Growth Fund
mutual fund
WIAEX
Payout Change
Suspended
Price as of:
$44.92
+0.46
+1.03%
primary theme
U.S. Small-Cap Growth Equity
share class
WIAEX (Mutual Fund)
Wasatch Small Cap Growth Fund
Payout Change
Suspended
Price as of:
$44.92
+0.46
+1.03%
primary theme
U.S. Small-Cap Growth Equity
share class
WIAEX (Mutual Fund)
Wasatch Small Cap Growth Fund
Payout Change
Suspended
Price as of:
$44.92
+0.46
+1.03%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 12/11/2024Price
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
21.9%
1 yr return
27.8%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
8.6%
Net Assets
$2.32 B
Holdings in Top 10
34.1%
52 WEEK LOW AND HIGH
$44.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.07%
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 12/11/2024Price
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
WIAEX - Profile
Distributions
- YTD Total Return 21.9%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.92%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWasatch Small Cap Growth Fund
-
Fund Family NameWasatch Funds
-
Inception DateFeb 01, 2016
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJ.B. Taylor
Fund Description
The Fund invests primarily in small growth 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 small-capitalization companies. The Fund considers a company to be a small-capitalization company if its market capitalization, at the time of purchase, is less than the larger of $3 billion or the market capitalization of the largest company in the Russell 2000® Index as of its most recent reconstitution date. The Russell 2000 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 2000 Index ranged from $17.9 million to $11.36 billion. The market capitalizations for the range of companies in the Russell 2000 Index are subject to change at its next reconstitution date.
The Fund may invest up to 20% 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.
Within the Fund’s portfolio, we seek to create a blend of “core” companies that we believe have the potential to grow steadily over long periods of time at faster rates than the average large company, and “high growth” companies that we believe have the potential to grow faster and more aggressively than core companies. 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.
We use a “bottom-up” process of fundamental analysis to look for individual companies that we believe have superior growth prospects. 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 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 consumer discretionary, information technology, health care, industrials, and financials.
The Fund may invest in initial public offerings (IPOs).
WIAEX - Performance
Return Ranking - Trailing
| Period | WIAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.9% | -60.4% | 86.4% | 46.30% |
| 1 Yr | 27.8% | -57.4% | 88.1% | 37.22% |
| 3 Yr | -2.5%* | -15.0% | 63.0% | 85.74% |
| 5 Yr | 8.6%* | -10.4% | 48.0% | 69.67% |
| 10 Yr | N/A* | -3.9% | 25.6% | 47.54% |
* Annualized
Return Ranking - Calendar
| Period | WIAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.3% | -20.5% | 54.6% | 11.52% |
| 2022 | -40.2% | -82.1% | 32.2% | 89.31% |
| 2021 | -11.8% | -90.6% | 300.1% | 59.81% |
| 2020 | 45.5% | -63.0% | 127.9% | 17.61% |
| 2019 | 22.2% | -7.7% | 42.9% | 48.89% |
Total Return Ranking - Trailing
| Period | WIAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.9% | -60.4% | 86.4% | 46.30% |
| 1 Yr | 27.8% | -57.4% | 88.1% | 37.22% |
| 3 Yr | -2.5%* | -15.0% | 63.0% | 85.74% |
| 5 Yr | 8.6%* | -10.4% | 48.0% | 69.67% |
| 10 Yr | N/A* | -3.9% | 25.6% | 45.92% |
* Annualized
Total Return Ranking - Calendar
| Period | WIAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.3% | -19.0% | 136.8% | 13.94% |
| 2022 | -40.2% | -59.9% | 44.3% | 96.81% |
| 2021 | 8.4% | -22.7% | 411.9% | 55.85% |
| 2020 | 54.7% | 1.5% | 150.8% | 20.35% |
| 2019 | 40.3% | 5.5% | 55.3% | 5.63% |
NAV & Total Return History
WIAEX - Holdings
Concentration Analysis
| WIAEX | Category Low | Category High | WIAEX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.32 B | 209 K | 34.3 B | 26.30% |
| Number of Holdings | 49 | 7 | 1226 | 89.81% |
| Net Assets in Top 10 | 734 M | 53.8 K | 3.02 B | 13.15% |
| Weighting of Top 10 | 34.08% | 7.5% | 100.0% | 18.37% |
Top 10 Holdings
- Clearwater Analytics Holdings, Inc. 4.03%
- HealthEquity, Inc. 3.88%
- RBC Bearings, Inc. 3.75%
- BellRing Brands, Inc. 3.70%
- Ensign Group, Inc. 3.54%
- AAON, Inc. 3.19%
- Paylocity Holding Corp. 3.08%
- Pinnacle Financial Partners, Inc. 3.04%
- Ollie's Bargain Outlet Holdings, Inc. 2.93%
- Globant SA 2.92%
Asset Allocation
| Weighting | Return Low | Return High | WIAEX % Rank | |
|---|---|---|---|---|
| Stocks | 98.02% | 92.05% | 107.62% | 53.52% |
| Preferred Stocks | 1.21% | 0.00% | 4.59% | 6.67% |
| Cash | 0.77% | 0.00% | 28.78% | 77.59% |
| Other | 0.00% | -0.26% | 6.70% | 92.96% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 94.63% |
| Bonds | 0.00% | 0.00% | 2.40% | 95.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WIAEX % Rank | |
|---|---|---|---|---|
| Technology | 27.26% | 2.91% | 75.51% | 33.70% |
| Healthcare | 25.44% | 0.00% | 47.90% | 27.59% |
| Consumer Cyclical | 15.37% | 0.00% | 24.04% | 22.41% |
| Industrials | 14.17% | 0.00% | 36.64% | 76.11% |
| Financial Services | 10.02% | 0.00% | 42.95% | 21.85% |
| Consumer Defense | 6.41% | 0.00% | 13.56% | 13.70% |
| Energy | 1.32% | 0.00% | 55.49% | 66.67% |
| Utilities | 0.00% | 0.00% | 5.57% | 97.04% |
| Real Estate | 0.00% | 0.00% | 15.31% | 99.26% |
| Communication Services | 0.00% | 0.00% | 15.31% | 99.44% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 99.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WIAEX % Rank | |
|---|---|---|---|---|
| US | 98.02% | 17.30% | 107.62% | 46.85% |
| Non US | 0.00% | 0.00% | 77.12% | 95.19% |
WIAEX - Expenses
Operational Fees
| WIAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.07% | 0.05% | 23.20% | 63.08% |
| Management Fee | 1.00% | 0.05% | 1.62% | 93.14% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| WIAEX 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
| WIAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 73.91% |
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.
| WIAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 3.00% | 264.00% | 17.47% |
WIAEX - Distributions
Dividend Yield Analysis
| WIAEX | Category Low | Category High | WIAEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 98.33% |
Dividend Distribution Analysis
| WIAEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| WIAEX | Category Low | Category High | WIAEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.92% | -2.47% | 1.10% | 67.98% |
Capital Gain Distribution Analysis
| WIAEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2021 | $10.819 | OrdinaryDividend |
| Dec 17, 2020 | $3.554 | CapitalGainLongTerm |
| Dec 19, 2019 | $5.786 | CapitalGainLongTerm |
| Dec 20, 2018 | $12.457 | CapitalGainLongTerm |
| Dec 27, 2017 | $5.074 | CapitalGainLongTerm |
| Dec 28, 2016 | $3.514 | OrdinaryDividend |
WIAEX - Fund Manager Analysis
Managers
J.B. Taylor
Start Date
Tenure
Tenure Rank
Jan 31, 2013
9.33
9.3%
JB Taylor is the Chief Executive Officer of Wasatch Advisors and joined the firm in 1996. Mr. Taylor began working on the Core Growth Fund as a senior analyst in 1999. He holds a Bachelor of Science in Industrial Engineering from Stanford University. Mr. Taylor is a native of California and speaks Hungarian.
Kenneth Korngiebel
Start Date
Tenure
Tenure Rank
Aug 28, 2017
4.76
4.8%
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.
Ryan Snow
Start Date
Tenure
Tenure Rank
Aug 28, 2017
4.76
4.8%
Ryan Snown joined Wasatch Advisors as a research analyst in 2000. Mr. Snow holds a Bachelor of Science in Finance from the University of Utah.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
