Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The Funds investment objective is long-term growth of capital.
Strategy. The Fund invests primarily in foreign companies of all market capitalizations. Under normal market conditions, we will invest the Funds assets primarily in the equity securities, typically common stock, issued by companies tied economically to foreign developed markets, which are those countries included in the Morgan Stanley Capital International (MSCI) EAFE Index at the time of purchase, excluding the United States. Under normal market conditions, the Fund will allocate its assets among at least five countries included in the MSCI EAFE Index, excluding the United States. We will generally consider a company to be tied economically to one or more foreign countries when it is listed on a foreign exchange or, regardless of where it is listed, is legally domiciled … The Fund invests primarily in foreign companies of all market capitalizations. Under normal market conditions, we will invest the Funds assets primarily in the equity securities, typically common stock, issued by companies tied economically to foreign developed markets, which are those countries included in the Morgan Stanley Capital International (MSCI) EAFE Index at the time of purchase, excluding the United States. Under normal market conditions, the Fund will allocate its assets among at least five countries included in the MSCI EAFE Index, excluding the United States. We will generally consider a company to be tied economically to one or more foreign countries when it is listed on a foreign exchange or, regardless of where it is listed, is legally domiciled in a foreign country, has at least 50% of its assets in a foreign country, or derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services provided in one or more foreign countries. We travel extensively outside the U.S. to visit companies and expect to meet with senior management. We use a process of quantitative screening followed by bottom-up fundamental analysis to identify individual companies that we believe have above average revenue and earnings growth potential. We do not use allocation models to restrict the Funds investments to certain regions, countries or industries. The Fund may invest a large percentage of its assets (greater than 5%) in a few sectors. As of the date of this Prospectus, these sectors were consumer discretionary , communication services, industrials , information technology , financials , and real estate . The Fund may invest a large percentage of its assets (greater than 5%) in a particular region or market, including Asia, Japan, Europe, and the United Kingdom. At times, we may invest in early stage companies, which are companies that may be unproven and that may have limited or no earnings history, if we believe they have outstanding long term growth potential. The Fund is classified as a non-diversified mutual fund, which means that the Fund may invest a larger percentage of its assets in the securities of a small number of issuers than a diversified fund. The Fund typically seeks to sell a security when the issuing company becomes overvalued relative to our analysis of its intrinsic long-term value.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| LOTTOMATICA GROU | — | $201.98K | 5.04% |
| Halma PLC | — | $199.43K | 4.98% |
| KYUDENKO CORP | — | $193.55K | 4.83% |
| KONGSBERG GRUPP | — | $187.69K | 4.68% |
| BAE SYSTEMS PLC | — | $167.03K | 4.17% |
| TECHNIPFMC PLC | — | $164.05K | 4.09% |
| COCA-COLA HBC AG | — | $161.83K | 4.04% |
| SUMITOMO REALTY | — | $156.07K | 3.89% |
| JUMBO SA | — | $155.33K | 3.88% |
| DEFINITY FINANCI | — | $153.43K | 3.83% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Wasatch Global Select Fund · WGGSX, WAGSX | 27% | 0.96% |
| Wasatch International Growth Fund · WAIGX, WIIGX | 17% | 1.36% |
| PGIM Jennison International Small-Mid Cap Opportunities Fund · PAILX, PAINX, PAIOX, PAHWX | 13% | 1.11% |
Advisers
| Firm | Role |
|---|---|
| Wasatch Advisors LP | Adviser |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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