WASATCH FUNDS - Curian Clearing

WASATCH FUNDS — Statements of Changes in Net Assets
Six Months
Ended
March 31, 2015
(Unaudited)
CORE GROWTH
FUND
Year Ended
September 30, 2014
Six Months
Ended
March 31, 2015
(Unaudited)
EMERGING INDIA
FUND
Year Ended
September 30, 2014
Operations:
Net investment income (loss) $ 723,356 $ (6,177,677) $ (503,238) $ (176,149)
Net realized gain (loss) on investments, foreign
currency transactions and foreign capital gains taxes 18,643,937 27,736,790 337,698 364,946
Change in unrealized appreciation (depreciation) on
investments, foreign currency translations and deferred
capital gains taxes 143,645,735 10,095,753 7,281,456 9,544,806
Net increase (decrease) in net assets resulting from operations 163,013,028 31,654,866 7,115,916 9,733,603
Dividends paid from:
Investor Class
Net investment income — — (29,439) —
Net realized gains (22,822,588) (13,292,735) — —
(22,822,588) (13,292,735) (29,439) —
Institutional Class
Net investment income — — — —
Net realized gains (1,317,073) (446,532) — —
(1,317,073) (446,532) — —
Capital share transactions:
Investor Class
Shares sold 115,978,570 115,859,006 40,803,674 24,342,312
Shares issued to holders in reinvestment of dividends 22,299,104 12,976,194 28,983 —
Shares redeemed (92,477,846) (211,661,828) (15,459,903) (5,867,945)
Redemption fees 7,804 25,585 32,247 4,219
Net increase (decrease) 45,807,632 (82,801,043) 25,405,001 18,478,586
Institutional Class
Shares sold 8,257,362 35,358,853 — —
Shares issued to holders in reinvestment of dividends 1,317,073 440,938 — —
Shares redeemed (2,409,925) (6,736,116) — —
Redemption fees 89 1,298 — —
Net increase (decrease) 7,164,599 29,064,973 — —
Total increase (decrease) in net assets 191,845,598 (35,820,471) 32,491,478 28,212,189
Net assets:
Beginning of period 908,455,015 944,275,486 44,149,769 15,937,580
End of period $ 1,100,300,613 $ 908,455,015 $ 76,641,247 $ 44,149,769
Undistributed net investment income (loss) included in net
assets at end of period $ (4,482,121) $ (5,205,477) $ (907,185) $ (374,508)
Capital share transactions — shares:
Investor Class
Shares sold 2,008,943 2,145,922 13,606,177 9,809,678
Shares issued to holders in reinvestment of dividends 385,598 235,867 10,029 —
Shares redeemed (1,611,827) (3,921,819) (5,208,513) (2,585,822)
Net increase (decrease) in shares outstanding 782,714 (1,540,030) 8,407,693 7,223,856
Institutional Class
Shares sold 139,923 657,897 — —
Shares issued to holders in reinvestment of dividends 22,720 7,998 — —
Shares redeemed (41,228) (124,326) — —
Net increase (decrease) in shares outstanding 121,415 541,569 — —
See Notes to Financial Statements.
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