WASATCH FUNDS - Curian Clearing

WASATCH FUNDS — Notes to Financial Statements (continued)
15. OFFSETTING
Each Fund is party to various netting arrangements. The FASB requires disclosure about certain netting arrangements and similar
agreements to enable users of a Fund’s financial statements to evaluate the effect or potential effect of netting arrangements on
the Fund’s financial position. The scope of the disclosure is limited to derivative instruments, repurchase agreements and reverse
repurchase agreements, and securities borrowing and securities lending transactions.
The following tables present information about financial instruments that were subject to enforceable netting arrangements as
of March 31, 2015:
REPURCHASE AGREEMENTS
Fund
Counterparty
Gross Amounts Not Offset in the Statement of Assets and Liabilities
Gross Asset Amounts
Presented in Statement
of Assets and Liabilities
Financial
Instrument
Collateral
Received 1
Net Amount
(not less
than 0)
Core Growth Fund State Street Bank and Trust Co. $ 65,022,313 $ — $ (65,022,313) $ —
Emerging Markets Select Fund State Street Bank and Trust Co. 3,373,728 — (3,373,728) —
Emerging Markets Small Cap Fund State Street Bank and Trust Co. 16,127,296 — (16,127,296) —
Frontier Emerging Small Countries Fund State Street Bank and Trust Co. 21,043,371 — (21,043,371) —
Heritage Growth Fund State Street Bank and Trust Co. 76,601,431 — (76,601,431) —
International Growth Fund State Street Bank and Trust Co. 3,363,537 — (3,363,537) —
International Opportunities Fund State Street Bank and Trust Co. 16,849,460 — (16,849,460) —
Large Cap Value Fund State Street Bank and Trust Co. 7,858,745 — (7,858,745) —
Long/Short Fund State Street Bank and Trust Co. 338,829,617 — (338,829,617) —
Micro Cap Fund State Street Bank and Trust Co. 12,589,254 — (12,589,254) —
Micro Cap Value Fund State Street Bank and Trust Co. 10,805,737 — (10,805,737) —
Small Cap Growth Fund State Street Bank and Trust Co. 15,459,434 — (15,459,434) —
Small Cap Value Fund State Street Bank and Trust Co. 4,952,637 — (4,952,637) —
Strategic Income Fund State Street Bank and Trust Co. 5,331,489 — (5,331,489) —
Ultra Growth Fund State Street Bank and Trust Co. 7,944,937 — (7,944,937) —
World Innovators Fund State Street Bank and Trust Co. 19,131,681 — (19,131,681) —
Income Fund State Street Bank and Trust Co. 2,238,568 — (2,238,568) —
U.S. Treasury Fund State Street Bank and Trust Co. 5,395,754 — (5,395,754) —
SECURITIES BORROWED FOR SHORT SALES
Gross Amounts Not Offset in the Statement of Assets and Liabilities
Fund
Counterparty
Gross Liability Amounts
Presented in Statement
of Assets and Liabilities
Financial
Instrument
Collateral
Pledged 2
Net Amount
(Not less
than 0)
Long/Short Fund JPMorgan Chase $332,658,578 $ — $(332,658,578) $ —
FOREIGN EXCHANGE CURRENCY
Gross Amounts Not Offset in the Statement of Assets and Liabilities
Fund
Counterparty
Gross Asset Amounts
Presented in Statement
of Assets and Liabilities
Financial
Instrument
Collateral
Received
Net Amount
(Not less
than 0)
Micro Cap Value Fund State Street Bank and Trust Co. $ 566,674 $ — $ — $ 566,674
1 Repurchase agreements are classified as short-term investments in the Statements of Assets and Liabilities. The market value of the collateral received is greater than the amounts indicated in the
table. For further information, see Note 3 and the Schedules of Investments.
2 The market value of the collateral received is greater than the amounts indicated in the table. For further information, see Note 3 — Securities and Other Investments “Short Sales” and the
Schedules of Investments.
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