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Wasatch Emerging Markets Small Cap Fund
mutual fund
WIEMX
Payout Change
Suspended
Price as of:
$3.12
-0.02
-0.64%
primary theme
Emerging Markets Equity
share class
WIEMX (Mutual Fund)
Wasatch Emerging Markets Small Cap Fund
Payout Change
Suspended
Price as of:
$3.12
-0.02
-0.64%
primary theme
Emerging Markets Equity
share class
WIEMX (Mutual Fund)
Wasatch Emerging Markets Small Cap Fund
Payout Change
Suspended
Price as of:
$3.12
-0.02
-0.64%
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
1.6%
1 yr return
7.2%
3 Yr Avg Return
-7.8%
5 Yr Avg Return
6.4%
Net Assets
$336 M
Holdings in Top 10
48.0%
52 WEEK LOW AND HIGH
$3.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.78%
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 12/09/2024Price
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
WIEMX - Profile
Distributions
- YTD Total Return 1.6%
- 3 Yr Annualized Total Return -7.8%
- 5 Yr Annualized Total Return 6.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.94%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWasatch Emerging Markets Small Cap Fund
-
Fund Family NameWasatch Funds
-
Inception DateFeb 01, 2016
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Thomas
Fund Description
The Fund invests primarily in small companies tied economically to emerging markets.
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 that are tied economically to emerging market countries. 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 Morgan Stanley Capital International (MSCI) Emerging Markets Small Cap Index as of its most recent reconstitution date. As of its most recent reconstitution date, the market capitalization of companies included in the MSCI Emerging Markets Small Cap Index ranged from $107 million to $6.53 billion. The market capitalizations for the range of companies in the MSCI Emerging Markets Small Cap Index are subject to change following MSCI’s fourth quarter index review, which occurs on or around November of each year.
Emerging market countries are those currently included in the 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.
We travel extensively outside of 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 to identify individual companies that we believe have above average revenue and earnings growth potential.
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 particular region or market, including Asia, India, Taiwan, and China.
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, financials, industrials, consumer discretionary, and consumer staples.
WIEMX - Performance
Return Ranking - Trailing
| Period | WIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -11.8% | 39.7% | 95.15% |
| 1 Yr | 7.2% | -7.9% | 41.1% | 90.73% |
| 3 Yr | -7.8%* | -11.5% | 11.3% | 95.86% |
| 5 Yr | 6.4%* | -5.1% | 12.3% | 14.33% |
| 10 Yr | N/A* | -1.3% | 6.9% | 19.52% |
* Annualized
Return Ranking - Calendar
| Period | WIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.3% | -6.5% | 35.5% | 4.40% |
| 2022 | -40.5% | -50.1% | -2.4% | 97.36% |
| 2021 | 22.5% | -33.1% | 22.5% | 0.16% |
| 2020 | 23.9% | -22.1% | 80.1% | 27.76% |
| 2019 | 20.7% | -0.7% | 42.0% | 38.66% |
Total Return Ranking - Trailing
| Period | WIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -11.8% | 39.7% | 95.15% |
| 1 Yr | 7.2% | -7.9% | 41.1% | 90.73% |
| 3 Yr | -7.8%* | -11.5% | 11.3% | 95.86% |
| 5 Yr | 6.4%* | -5.1% | 12.3% | 14.33% |
| 10 Yr | N/A* | -1.3% | 6.9% | 18.59% |
* Annualized
Total Return Ranking - Calendar
| Period | WIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.3% | -1.0% | 42.0% | 8.38% |
| 2022 | -38.6% | -42.2% | 1.9% | 98.53% |
| 2021 | 30.2% | -32.5% | 33.1% | 1.09% |
| 2020 | 32.8% | -20.0% | 81.6% | 13.80% |
| 2019 | 27.7% | 2.3% | 42.0% | 14.96% |
NAV & Total Return History
WIEMX - Holdings
Concentration Analysis
| WIEMX | Category Low | Category High | WIEMX % Rank | |
|---|---|---|---|---|
| Net Assets | 336 M | 682 K | 103 B | 59.29% |
| Number of Holdings | 50 | 2 | 7534 | 90.92% |
| Net Assets in Top 10 | 170 M | 290 K | 23.8 B | 49.93% |
| Weighting of Top 10 | 47.96% | 2.9% | 101.1% | 9.38% |
Top 10 Holdings
- Voltronic Power Technology Corp. 7.13%
- Trent Ltd. 6.76%
- Globant SA 5.36%
- Cholamandalam Financial Holdings Ltd. 5.33%
- Silergy Corp. 4.39%
- Persistent Systems Ltd. 4.16%
- AU Small Finance Bank Ltd. 4.11%
- Baltic Classifieds Group PLC 3.90%
- ASPEED Technology, Inc. 3.66%
- Elgi Equipments Ltd. 3.15%
Asset Allocation
| Weighting | Return Low | Return High | WIEMX % Rank | |
|---|---|---|---|---|
| Stocks | 101.31% | 0.00% | 103.28% | 2.84% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 78.01% |
| Other | 0.00% | -1.11% | 39.53% | 60.28% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 49.00% |
| Cash | 0.00% | -2.03% | 100.35% | 96.74% |
| Bonds | 0.00% | 0.00% | 95.13% | 53.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WIEMX % Rank | |
|---|---|---|---|---|
| Technology | 44.92% | 0.00% | 47.50% | 0.43% |
| Financial Services | 20.47% | 0.00% | 48.86% | 61.06% |
| Consumer Cyclical | 12.36% | 0.00% | 48.94% | 43.97% |
| Industrials | 10.74% | 0.00% | 43.53% | 13.36% |
| Healthcare | 7.82% | 0.00% | 16.53% | 15.52% |
| Communication Services | 1.86% | 0.00% | 39.29% | 98.42% |
| Basic Materials | 1.85% | 0.00% | 30.03% | 94.25% |
| Utilities | 0.00% | 0.00% | 39.12% | 84.48% |
| Real Estate | 0.00% | 0.00% | 17.15% | 92.24% |
| Energy | 0.00% | 0.00% | 24.80% | 93.10% |
| Consumer Defense | 0.00% | 0.00% | 25.90% | 99.28% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WIEMX % Rank | |
|---|---|---|---|---|
| Non US | 94.07% | 0.00% | 100.52% | 15.32% |
| US | 7.24% | 0.00% | 100.95% | 59.57% |
WIEMX - Expenses
Operational Fees
| WIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.78% | 0.03% | 29.98% | 25.89% |
| Management Fee | 1.65% | 0.00% | 2.00% | 99.72% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| WIEMX 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
| WIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 46.30% |
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.
| WIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 189.00% | 8.68% |
WIEMX - Distributions
Dividend Yield Analysis
| WIEMX | Category Low | Category High | WIEMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 96.03% |
Dividend Distribution Analysis
| WIEMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| WIEMX | Category Low | Category High | WIEMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.94% | -1.98% | 17.62% | 96.17% |
Capital Gain Distribution Analysis
| WIEMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2022 | $0.083 | CapitalGainLongTerm |
| Dec 16, 2021 | $0.258 | OrdinaryDividend |
| Dec 17, 2020 | $0.246 | CapitalGainLongTerm |
| Dec 19, 2019 | $0.162 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.296 | CapitalGainLongTerm |
WIEMX - Fund Manager Analysis
Managers
Scott Thomas
Start Date
Tenure
Tenure Rank
Jan 31, 2015
7.33
7.3%
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.
Kevin Unger
Start Date
Tenure
Tenure Rank
Jan 31, 2018
4.33
4.3%
Kevin Unger, CFA has been an associate portfolio manager. He joined Wasatch Advisors in 2015 as a research analyst focused on emerging markets. Prior to joining Wasatch Advisors, Mr. Unger was an analyst for Wells Capital Management. Earlier, he was an analyst in the energy and securities groups at NERA Economic Consulting, where he conducted econometric analyses across numerous regulated industries. Mr. Unger received his Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania. He is also a CFA charterholder.
Daniel Chace
Start Date
Tenure
Tenure Rank
Jan 31, 2019
3.33
3.3%
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.
Ajay Krishnan
Start Date
Tenure
Tenure Rank
Jan 31, 2019
3.33
3.3%
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.
Anh Hoang
Start Date
Tenure
Tenure Rank
Jan 31, 2022
0.33
0.3%
Anh Hoang, CFA has been an associate portfolio manager for the Emerging Markets Small Cap Fund since January 31, 2022. She joined the Advisor in 2012 as an analyst and was most recently a senior analyst focused on emerging markets and frontier markets. Prior to joining Wasatch, Ms. Hoang was head of research for the student-run Global Financial Advisors Equity Fund at Brigham Young University. She earned a Bachelor of Science in Finance from BYU.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
