WASATCH FUNDS - Curian Clearing

WASATCH FUNDS —OPERATING EXPENSES (continued)
Fund/Class and Return
Beginning of Period
October 1, 2014
Account Value
End of Period
March 31, 2015
Expenses
Paid
During Period*
Annualized
Expense
Ratio*
Core Growth Fund — Investor Class
Actual $1,000.00 $1,178.50 $6.35 1.17%
Hypothetical (5% before expenses) $1,000.00 $1,019.10 $5.89 1.17%
Core Growth Fund — Institutional Class
Actual $1,000.00 $1,179.10 $6.08 1.12%
Hypothetical (5% before expenses) $1,000.00 $1,019.35 $5.64 1.12%
Emerging India Fund
Actual $1,000.00 $1,143.50 $10.42 1.95%
Hypothetical (5% before expenses) $1,000.00 $1,015.21 $9.80 1.95%
Emerging Markets Select Fund — Investor Class
Actual $1,000.00 $985.90 $8.37 1.69%
Hypothetical (5% before expenses) $1,000.00 $1,016.50 $8.50 1.69%
Emerging Markets Select Fund — Institutional Class
Actual $1,000.00 $987.40 $7.43 1.50%
Hypothetical (5% before expenses) $1,000.00 $1,017.45 $7.54 1.50%
Emerging Markets Small Cap Fund
Actual $1,000.00 $979.40 $9.62 1.95%
Hypothetical (5% before expenses) $1,000.00 $1,015.21 $9.80 1.95%
Frontier Emerging Small Countries Fund
Actual $1,000.00 $909.60 $10.71 2.25%
Hypothetical (5% before expenses) $1,000.00 $1,013.71 $11.30 2.25%
Global Opportunities Fund
Actual $1,000.00 $1,057.10 $9.28 1.81%
Hypothetical (5% before expenses) $1,000.00 $1,015.91 $9.10 1.81%
Heritage Growth Fund
Actual $1,000.00 $1,138.10 $4.53 0.85%
Hypothetical (5% before expenses) $1,000.00 $1,020.69 $4.28 0.85%
International Growth Fund
Actual $1,000.00 $1,047.50 $7.66 1.50%
Hypothetical (5% before expenses) $1,000.00 $1,017.45 $7.54 1.50%
International Opportunities Fund
Actual $1,000.00 $1,014.30 $11.30 2.25%
Hypothetical (5% before expenses) $1,000.00 $1,013.71 $11.30 2.25%
Large Cap Value Fund — Investor Class
Actual $1,000.00 $1,010.10 $5.51 1.10%
Hypothetical (5% before expenses) $1,000.00 $1,019.45 $5.54 1.10%
Large Cap Value Fund — Institutional Class
Actual $1,000.00 $1,010.70 $4.91 0.98%
Hypothetical (5% before expenses) $1,000.00 $1,020.05 $4.94 0.98%
Long/Short Fund — Investor Class
Actual $1,000.00 $956.20 $7.75 1.59%
Hypothetical (5% before expenses) $1,000.00 $1,017.00 $8.00 1.59%
Long/Short Fund — Institutional Class
Actual $1,000.00 $956.90 $7.07 1.45%
Hypothetical (5% before expenses) $1,000.00 $1,017.70 $7.29 1.45%
Micro Cap Fund
Actual $1,000.00 $1,172.30 $10.29 1.90%
Hypothetical (5% before expenses) $1,000.00 $1,015.46 $9.55 1.90%
Micro Cap Value Fund 1
Actual $1,000.00 $1,122.90 $10.37 1.96%
Hypothetical (5% before expenses) $1,000.00 $1,015.16 $9.85 1.96%
Small Cap Growth Fund
Actual $1,000.00 $1,152.60 $6.55 1.22%
Hypothetical (5% before expenses) $1,000.00 $1,018.85 $6.14 1.22%
46