WASATCH FUNDS - Curian Clearing

WASATCH MICRO CAP FUND (WMICX) — Schedule of Investments
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Value
Shares
Value
COMMON STOCKS 96.7%
Air Freight & Logistics 1.0%
117,168 Echo Global Logistics, Inc.* $ 3,194,000
ApparelRetail2.1%
167,365 Zumiez, Inc.* 6,736,441
Apparel, Accessories & Luxury
Goods 1.1%
15,855 Page Industries Ltd. (India) 3,474,768
Application Software 8.5%
605,760 Diligent Board Member Services, Inc.*
(New Zealand) 2,444,006
84,324 Ellie Mae, Inc.* 4,663,960
249,716 Exa Corp.* 2,966,626
37,898 Globant S.A.* (Luxembourg) 798,132
35,826 Interactive Intelligence Group, Inc.* 1,475,315
120,179 PROS Holdings, Inc.* 2,969,623
46,417 Tyler Technologies, Inc.* 5,594,641
39,117 Ultimate Software Group, Inc.* 6,648,130
27,560,433
Asset Management & Custody
Banks 3.4%
38,906 Diamond Hill Investment Group, Inc. 6,224,960
215,963 Pzena Investment Management, Inc.,
Class A 1,980,381
188,366 Silvercrest Asset Management Group, Inc. 2,684,215
10,889,556
Automotive Retail 1.2%
61,597 Monro Muffler Brake, Inc. 4,006,885
Biotechnology 5.1%
370,548 Abcam plc (United Kingdom) 2,671,712
148,904 Argos Therapeutics, Inc.* 1,326,735
122,952 Cellular Dynamics International, Inc.* 2,020,101
176,227 ChemoCentryx, Inc.* 1,330,514
250,157 Cytokinetics, Inc.* 1,696,064
48,381 Esperion Therapeutics, Inc.* 4,480,081
80,250 Inovio Pharmaceuticals, Inc.* 654,840
159,440 Sangamo BioSciences, Inc.* 2,500,019
16,680,066
Consumer Finance 0.9%
73,322 Encore Capital Group, Inc.* 3,049,462
Data Processing & Outsourced
Services 3.4%
142,218 ExlService Holdings, Inc.* 5,290,510
137,823 Wirecard AG (Germany) 5,825,327
11,115,837
Diversified Banks 2.0%
4,218,211 City Union Bank Ltd. (India) 6,511,202
Electronic Equipment &
Instruments 0.8%
98,257 Control4 Corp.* 1,177,119
21,086 Mesa Laboratories, Inc. 1,522,409
2,699,528
Electronic Manufacturing
Services 1.0%
36,316 IPG Photonics Corp.* 3,366,493
Environmental & Facilities
Services 0.7%
185,549 Heritage-Crystal Clean, Inc.* 2,170,923
Food Distributors 1.1%
158,297 Chefs’ Warehouse, Inc. (The)* $ 3,550,602
Health Care Equipment 6.6%
76,423 Abaxis, Inc. 4,899,478
351,384 AtriCure, Inc.* 7,199,858
1,928,308 Cardica, Inc.* 1,214,255
46,813 Entellus Medical, Inc.* 1,025,205
151,770 Novadaq Technologies, Inc.* (Canada) 2,464,745
59,939 NuVasive, Inc.* 2,756,595
142,380 Tandem Diabetes Care, Inc.* 1,796,836
21,356,972
Health Care Facilities 2.1%
148,133 Ensign Group, Inc. (The) 6,941,513
Health Care REITs 1.9%
443,341 CareTrust REIT, Inc. 6,011,704
Health Care Services 1.2%
84,520 IPC Healthcare Inc.* 3,942,013
Health Care Technology 0.4%
52,886 HealthStream, Inc.* 1,332,727
Homebuilding 3.1%
243,859 Installed Building Products, Inc.* 5,306,372
289,293 LGI Homes, Inc.* 4,819,621
10,125,993
Industrial Machinery 1.0%
46,181 Proto Labs, Inc.* 3,232,670
Internet Retail 1.4%
209,175 MakeMyTrip Ltd.* (India) 4,593,483
Internet Software & Services 10.8%
186,709 Amber Road, Inc.* 1,727,058
55,331 Cornerstone OnDemand, Inc.* 1,598,513
130,423 Dealertrack Technologies, Inc.* 5,023,894
140,533 Envestnet, Inc.* 7,881,091
210,658 Perficient, Inc.* 4,358,514
88,364 Reis, Inc. 2,265,653
282,566 SciQuest, Inc.* 4,783,842
83,193 SPS Commerce, Inc.* 5,582,250
136,352 Xoom Corp.* 2,003,011
35,223,826
Life Sciences Tools & Services 3.1%
109,114 Fluidigm Corp.* 4,593,699
76,996 ICON plc* (Ireland) 5,430,528
10,024,227
Managed Health Care 1.6%
79,148 HealthEquity, Inc.* 1,977,909
417,436 Trupanion, Inc.* 3,339,488
5,317,397
Oil & Gas Equipment & Services 0.6%
120,093 Pason Systems, Inc. (Canada) 1,892,064
Oil & Gas Exploration &
Production 0.6%
256,130 Northern Oil and Gas, Inc.* 1,974,762
Oil & Gas Refining & Marketing 0.3%
384,242 Amyris, Inc.* 922,181
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