WASATCH FUNDS - Curian Clearing

WASATCH EMERGING MARKETS SMALL CAP FUND (WAEMX) — Portfolio Summary
MARCH 31, 2015 (UNAUDITED)
AVERAGE ANNUAL TOTAL RETURNS
SINCE INCEPTION
SIX MONTHS* 1YEAR 5YEARS 10/1/07
Emerging Markets Small Cap -2.06% 4.42% 7.06% 4.49%
MSCI Emerging Markets Small Cap Index -2.65% 1.06% 2.64% 0.71%
MSCI Emerging Markets Index -2.37% 0.44% 1.75% -0.49%
Data shows past performance, which is not indicative of future performance. Current performance may be lower
or higher than the performance quoted. To obtain the most recent month-end performance data available, please
visit www.WasatchFunds.com. The Advisor may absorb certain Fund expenses, without which total return would
have been lower. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth
more or less than their original cost.
As of the January 31, 2015 prospectus, the Total Annual Fund Operating Expenses for the Wasatch
Emerging Markets Small Cap Fund are 2.02%. The Net Expenses are 1.95%. The expense ratio shown
elsewhere in this report may be different. Net Expenses are based on Fund expenses, net of waivers and
reimbursements. See the prospectus for additional information regarding Fund expenses.
Wasatch Funds will deduct a 2.00% redemption proceeds fee on Fund shares held 60 days or less. Performance
data does not reflect the deduction of fees, including sales charges, or the taxes you would pay on fund
distributions or the redemption of fund shares. Fees and taxes, if reflected, would reduce the performance quoted.
Wasatch does not charge any sales fees. For more complete information including charges, risks and expenses,
read the prospectus carefully.
Investing in foreign securities, especially in emerging markets, entails special risks, such as currency
fluctuations and political uncertainties, which are described in more detail in the prospectus. Investing in
small cap funds will be more volatile and loss of principal could be greater than investing in large cap or
more diversified funds.
*Not annualized.
% of Net
Company
Assets
D&L Industries, Inc. (Philippines) 2.0%
Hermes Microvision, Inc. (Taiwan) 2.0%
Security Bank Corp. (Philippines) 2.0%
Pidilite Industries Ltd. (India) 1.8%
Giant Manufacturing Co. Ltd. (Taiwan) 1.7%
TOP 10 EQUITY HOLDINGS**
% of Net
Company
Assets
Koh Young Technology, Inc. (Korea) 1.7%
Merida Industry Co. Ltd. (Taiwan) 1.7%
Minor International Public Co. Ltd. (Thailand) 1.7%
Poya Co. Ltd. (Taiwan) 1.6%
Hotel Shilla Co. Ltd. (Korea) 1.6%
**As of March 31, 2015, there were 111 holdings in the Fund. Foreign currency contracts, written options and
repurchase agreements, if any, are not included in the number of holdings. Portfolio holdings are subject to
change at any time. References to specific securities should not be construed as recommendations by the Funds
or their Advisor. Current and future holdings are subject to risk.
SECTOR BREAKDOWN †
Information Technology 19.3%
Consumer Discretionary 18.8%
Financials 17.2%
Industrials 13.8%
Materials 10.4%
Health Care 8.7%
Consumer Staples 6.8%
Cash & Cash Equivalents †† 2.3%
Telecommunication Services 1.4%
Energy 1.3%
† Excludes securities sold short and options
written, if any.
†† Also includes Other Assets & Liabilities.
$17,500
$15,000
$12,500
$10,000
$7,500
$5,000
GROWTH OF A HYPOTHETICAL $10,000 INVESTMENT
Wasatch Emerging Markets Small Cap Fund
MSCI Emerging Markets Small Cap Index
MSCI Emerging Markets Index
$13,898
$10,543
$9,641
$2,500
10/1/07 ‡ ’08 ’09 ’10 ’11
’12
’13
’14
’15
Years Ended March 31
Past performance does not predict future performance. The graph above does not reflect the deduction of fees, sales charges, or taxes that you would payon
fund distributions or the redemption of fund shares. Wasatch does not charge any sales fees. ‡ Inception: October 1, 2007. The MSCI Emerging Markets and
Emerging Markets Small Cap indices are free float-adjusted market capitalization indices designed to measure the equity market performance of emerging
markets. You cannot invest directly in these or any indices.
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