WASATCH FUNDS - Curian Clearing

MARCH 31, 2015 (UNAUDITED)
Shares
Value
Research & Consulting Services 0.4%
54,500 Nihon M&A Center, Inc. (Japan) $ 1,885,813
Restaurants 10.2%
68,048 AmRest Holdings SE* (Poland) 2,234,538
29,500 B-R31 Ice Cream Co. Ltd. (Japan) 1,057,656
5,908,278 Berjaya Food Berhad (Malaysia) 4,259,512
459,000 Collins Foods Ltd. (Australia) 895,146
165,980 Domino’s Pizza Enterprises Ltd. (Australia) 4,699,909
493,200 Doutor Nichires Holdings Co. Ltd. (Japan) 8,269,690
450,900 Fairwood Holdings Ltd. (Hong Kong) 1,174,817
696,953 Famous Brands Ltd. (South Africa) 6,431,071
137,600 Hiday Hidaka Corp. (Japan) 3,476,283
83,000 KFC Holdings Japan Ltd. (Japan) 1,606,920
962,465 Restaurant Brands New Zealand Ltd.
(New Zealand) 2,905,188
2,269,963 Spur Corp. Ltd. (South Africa) 6,280,024
43,290,754
Soft Drinks 2.2%
1,987,900 Corp. Lindley S.A.* (Peru) 1,437,577
69,378,137 Pepsi-Cola Products Philippines, Inc.*
(Philippines) 6,332,501
2,223,664 Seven-Up Bottling Co. plc (Nigeria) 1,731,565
9,501,643
Specialized Finance 0.1%
8,544 Korea Ratings Corp. (Korea) 320,751
Specialized REITs 0.2%
706,970 National Storage REIT* (Australia) 861,712
Specialty Chemicals 1.0%
5,017,000 Chemical and Allied Products plc (Nigeria) 899,808
673,719 DuluxGroup Ltd. (Australia) 3,284,732
4,184,540
Specialty Stores 1.2%
158,900 Komehyo Co. Ltd. (Japan) 3,972,003
1,471,000 Michael Hill International Ltd.
(New Zealand) 1,285,898
5,257,901
Technology Hardware, Storage &
Peripherals 0.6%
96,929 KONA I Co. Ltd. (Korea) 2,655,948
Tobacco 0.3%
5,249 Karelia Tobacco Co., Inc. S.A. (Greece) 1,420,433
Trading Companies &
Distributors 0.5%
128,400 Jalux, Inc. (Japan) 2,299,606
Principal
Amount
Value
SHORT-TERM INVESTMENTS 4.0%
Repurchase Agreement 4.0%
$16,849,460 Repurchase Agreement dated 3/31/15,
0.00% due 4/1/15 with State Street Bank
and Trust Co. collateralized by $17,320,000
of United States Treasury Notes 1.625%
due 11/15/22; value: $17,190,100;
repurchase proceeds: $16,849,460
(cost $16,849,460) $ 16,849,460
Total Short-Term Investments
(cost $16,849,460) 16,849,460
Total Investments
(cost $365,870,403) 99.8% 424,967,089
Other Assets less Liabilities 0.2% 989,633
NET ASSETS 100.0% $425,956,722
*Non-income producing.
**Common units.
***Security was fair valued under procedures adopted by the Board of
Trustees (see Note 14).
GDR Global Depositary Receipt.
REIT Real Estate Investment Trust.
See Notes to Financial Statements.
Total Common Stocks
(cost $349,020,943) 408,117,629
RIGHTS 0.0%
Packaged Foods & Meats 0.0%
23,514 Vigor Alimentos S.A. expiring 4/2/15* ***
(Brazil) —
Total Rights
(cost $—) —
67