WASATCH FUNDS - Curian Clearing

WASATCH CORE GROWTH FUND (WGROX / WIGRX) — Portfolio Summary
MARCH 31, 2015 (UNAUDITED)
AVERAGE ANNUAL TOTAL RETURNS
SIX MONTHS* 1YEAR 5YEARS 10 YEARS
Core Growth (WGROX) — Investor 17.85% 15.11% 17.15% 8.65%
Core Growth (WIGRX) — Institutional 17.91% 15.20% 17.21% 8.67%
Russell 2000 ® Index 14.46% 8.21% 14.57% 8.82%
Russell 2000 ® Growth Index 17.36% 12.06% 16.58% 10.02%
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 Core
Growth Fund are Investor Class: 1.18% / Institutional Class: 1.18%, Net: 1.12%. 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.
Performance for the Institutional Class prior to 1/31/2012 is based on the performance of the Investor Class.
Performance of the Fund’s Institutional Class prior to 1/31/2012 uses the actual expenses of the Fund’s Investor
Class without any adjustments. For any such period of time, the performance of the Fund’s Institutional Class
would have been substantially similar to, yet higher than, the performance of the Fund’s Investor Class, because
the shares of both classes are invested in the same portfolio of securities, but the classes bear different expenses.
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
Allegiant Travel Co. 4.3%
Cimpress N.V. 3.4%
Life Time Fitness, Inc. 3.3%
Spirit Airlines, Inc. 2.9%
Credit Acceptance Corp. 2.9%
TOP 10 EQUITY HOLDINGS**
% of Net
Company
Assets
Polypore International, Inc. 2.9%
MEDNAX, Inc. 2.8%
Tyler Technologies, Inc. 2.6%
Old Dominion Freight Line, Inc. 2.5%
Dealertrack Technologies, Inc. 2.4%
**As of March 31, 2015, there were 57 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 †
Information Technology
24.9%
Industrials
23.3%
Health Care
14.5%
Financials
14.4%
Consumer Discretionary
10.4%
Cash & Cash Equivalents ††
6.0%
Energy
3.2%
Materials
2.0%
Consumer Staples
1.3%
† Excludes securities sold short and options
written, if any.
†† Also includes Other Assets & Liabilities.
$29,000
$26,000
$23,000
$20,000
$17,000
$14,000
$11,000
$8,000
$5,000
Wasatch Core Growth Fund
Russell 2000 Index
Russell 2000 Growth Index
GROWTH OF A HYPOTHETICAL $10,000 INVESTMENT
’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15
Years Ended March 31
$25,976
$23,280
$22,917
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 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 industryas
accurately capturing the universe of small company stocks. 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. You cannot invest directly in these
or any indices.
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