WASATCH FUNDS - Curian Clearing

WASATCH INTERNATIONAL OPPORTUNITIES FUND (WAIOX) — Portfolio Summary
MARCH 31, 2015 (UNAUDITED)
AVERAGE ANNUAL TOTAL RETURNS
SIX MONTHS* 1YEAR 5YEARS 10 YEARS
International Opportunities 1.43% 5.53% 11.24% 10.20%
MSCI AC World Ex-U.S.A. Small Cap Index -0.20% -3.60% 6.52% 6.92%
MSCI World Ex-U.S.A. Small Cap Index 0.51% -4.82% 7.63% 5.86%
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
International Opportunities Fund are 2.41%. The Net Expenses are 2.25%. 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 frontier and emerging markets, entails special risks, such as
currency fluctuations and political uncertainties, which are described in more detail in the prospectus.
Investing in micro 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
Gurunavi, Inc. (Japan) 2.1%
Doutor Nichires Holdings Co. Ltd. (Japan) 1.9%
Kusuri No Aoki Co. Ltd. (Japan) 1.9%
Religare Health Trust (Singapore) 1.7%
Karex Berhad (Malaysia) 1.5%
TOP 10 EQUITY HOLDINGS**
% of Net
Company
Assets
Wawel S.A. (Poland) 1.5%
Famous Brands Ltd. (South Africa) 1.5%
Pepsi-Cola Products Philippines, Inc.
(Philippines) 1.5%
Spur Corp. Ltd. (South Africa) 1.5%
Webjet Ltd. (Australia) 1.4%
**As of March 31, 2015, there were 157 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 †
Consumer Staples
30.4%
Consumer Discretionary
23.2%
Industrials
10.6%
Information Technology
10.5%
Health Care
9.6%
Materials
6.5%
Cash & Cash Equivalents †† 4.2%
Financials
4.1%
Energy
0.9%
† Excludes securities sold short and options
written, if any.
†† Also includes Other Assets & Liabilities.
$28,000
$25,000
$22,000
$19,000
$16,000
$13,000
$10,000
$7,000
$4,000
GROWTH OF A HYPOTHETICAL $10,000 INVESTMENT
Wasatch International Opportunities Fund
MSCI AC World Ex-U.S.A. Small Cap Index
MSCI World Ex-U.S.A. Small Cap Index
$26,408
$19,528
$17,681
’05 ’06 ’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. The MSCI AC (All Country) World Ex-U.S.A. Small Cap
Index is a free float-adjusted market capitalization index designed to measure the performance of small capitalization securities in developed markets,
excluding the United States, and in emerging markets. The MSCI World Ex-U.S.A. Small Cap Index is a free float-adjusted market capitalization index
designed to measure the performance of small capitalization securities in developed markets, excluding the United States. You cannot invest directly in
these or any indices.
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