WASATCH FUNDS - Curian Clearing

WASATCH SMALL CAP GROWTH FUND (WAAEX) — Portfolio Summary
MARCH 31, 2015 (UNAUDITED)
AVERAGE ANNUAL TOTAL RETURNS
SECTOR BREAKDOWN †
SIX MONTHS* 1YEAR 5YEARS 10 YEARS
Small Cap Growth 15.26% 9.43% 15.69% 9.16%
Russell 2000 ® Growth Index 17.36% 12.06% 16.58% 10.02%
Russell 2000 ® Index 14.46% 8.21% 14.57% 8.82%
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 Small
Cap Growth Fund are 1.21%. The expense ratio shown elsewhere in this report may be different. Expenses
include direct expenses paid to the Advisor as well as indirect expenses incurred by the Fund as a result of its
investments in other investment companies (each an “Acquired Fund”), before any expense reimbursements
by the Advisor. 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 small cap funds will be more volatile and loss of principal could be greater than investing in
large cap or more diversified funds. 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.
*Not annualized.
% of Net
Company
Assets
Ultimate Software Group, Inc. 4.3%
Knight Transportation, Inc. 4.1%
Allegiant Travel Co. 3.9%
Wirecard AG (Germany) 3.0%
IPG Photonics Corp. 2.8%
TOP 10 EQUITY HOLDINGS**
% of Net
Company
Assets
Power Integrations, Inc. 2.5%
Syntel, Inc. 2.4%
ICON plc (Ireland) 2.2%
Mattress Firm Holding Corp. 2.2%
Cornerstone OnDemand, Inc. 2.2%
Information Technology 30.0%
Health Care 22.9%
Industrials 22.6%
Consumer Discretionary 15.1%
Consumer Staples 3.9%
Financials 3.0%
Energy 2.2%
Cash & Cash Equivalents †† 0.3%
† Excludes securities sold short and options
written, if any.
†† Also includes Other Assets & Liabilities.
**As of March 31, 2015, there were 92 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.
GROWTH OF A HYPOTHETICAL $10,000 INVESTMENT
$28,000
$25,000
$22,000
$19,000
$16,000
$13,000
$10,000
$7,000
Wasatch Small Cap Growth Fund
Russell 2000 Growth Index
Russell 2000 Index
’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15
Years Ended March 31
$25,976
$24,026
$23,280
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 Russell 2000 Growth Index is an unmanaged total return
index that measures the performance of those Russell 2000 Index companies with higher price-to-book ratios and higher forecasted growth values. The
Russell 2000 Index is an unmanaged total return index of the smallest 2,000 companies in the Russell 3000 Index, as ranked by total market capitalization.
The Russell 2000 Index is widely regarded in the industry as accurately capturing the universe of small company stocks. You cannot invest directly in these or
any indices.
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