WASATCH FUNDS - Curian Clearing

WASATCH FUNDS — Statements of Changes in Net Assets (continued)
Six Months
Ended
March 31, 2015
(Unaudited)
LONG/SHORT
FUND
Year Ended
September 30, 2014
Six Months
Ended
March 31, 2015
(Unaudited)
MICRO CAP
FUND
Year Ended
September 30, 2014
Operations:
Net investment income (loss) $ 9,372,216 $ 29,098,226 $ (327,000) $ (5,477,220)
Net realized gain on investments, foreign currency
transactions and foreign capital gains taxes 149,226,869 171,383,910 15,613,109 37,100,367
Net realized gain (loss) on options written (1,377,491) 5,865,618 — —
Net realized gain (loss) on short positions (17,013,704) (37,870,789) — —
Change in unrealized appreciation (depreciation) on
investments, options, foreign currency translations and
deferred capital gains taxes (252,453,156) (43,861,459) 33,970,181 (32,943,005)
Net increase (decrease) in net assets resulting from operations (112,245,266) 124,615,506 49,256,290 (1,319,858)
Dividends paid from:
Investor Class
Net investment income (13,117,322) — (57,541) —
Net realized gains (75,718,399) (35,737,283) (13,743,034) —
(88,835,721) (35,737,283) (13,800,575) —
Institutional Class
Net investment income (10,613,371) — — —
Net realized gains (50,288,258) (19,002,705) — —
(60,901,629) (19,002,705) — —
Capital share transactions:
Investor Class
Shares sold 168,406,259 799,289,456 4,874,293 19,894,352
Shares issued to holders in reinvestment of dividends 86,127,189 32,545,875 13,148,508 —
Shares redeemed (579,620,721) (659,696,589) (22,470,468) (47,941,399)
Redemption fees 31,027 24,288 1,863 7,491
Net increase (decrease) (325,056,246) 172,163,030 (4,445,804) (28,039,556)
Institutional Class
Shares sold 130,968,997 322,177,847 — —
Shares issued to holders in reinvestment of dividends 58,822,477 18,483,415 — —
Shares redeemed (180,901,331) (167,604,694) — —
Redemption fees 37,750 29,540 — —
Net increase 8,927,893 173,086,108 — —
Total increase (decrease) in net assets (578,110,969) 415,124,656 31,009,911 (29,359,414)
Net assets:
Beginning of period 2,719,275,052 2,304,150,396 293,815,311 323,174,725
End of period $ 2,141,164,083 $ 2,719,275,052 $ 324,825,222 $ 293,815,311
Undistributed net investment income (loss) included in net
assets at end of period $ 6,437,869 $ 20,796,346 $ (4,474,821) $ (4,090,280)
Capital share transactions — shares:
Investor Class
Shares sold 10,973,552 49,006,963 624,614 2,556,405
Shares issued to holders in reinvestment of dividends 5,703,787 2,006,527 1,700,971 —
Shares redeemed (37,976,366) (40,344,871) (2,915,513) (6,167,148)
Net increase (decrease) in shares outstanding (21,299,027) 10,668,619 (589,928) (3,610,743)
Institutional Class
Shares sold 8,508,751 19,643,613 — —
Shares issued to holders in reinvestment of dividends 3,892,950 1,138,141 — —
Shares redeemed (11,838,881) (10,209,928) — —
Net increase in shares outstanding 562,820 10,571,826 — —
See Notes to Financial Statements.
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