Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. The Funds primary investment objective is long-term growth of capital.
Strategy. The Fund invests primarily in smaller high growth companies. Under normal market conditions, we will invest the Funds net assets primarily in the equity securities, typically common stock, of smaller companies that we believe have the potential for rapid growth in earnings per share. These companies are typically relatively small, with minimum market capitalizations of $100 million and up to a maximum market capitalization at the time of purchase of $5 billion or the market capitalization of the largest company in the Russell 2000 Growth Index as of its most recent reconstitution date, whichever is greater. The Russell 2000 Growth Index reconstitution date is typically each year on or around July 1. As of the 2025 reconstitution date, the market … The Fund invests primarily in smaller high growth companies. Under normal market conditions, we will invest the Funds net assets primarily in the equity securities, typically common stock, of smaller companies that we believe have the potential for rapid growth in earnings per share. These companies are typically relatively small, with minimum market capitalizations of $100 million and up to a maximum market capitalization at the time of purchase of $5 billion or the market capitalization of the largest company in the Russell 2000 Growth Index as of its most recent reconstitution date, whichever is greater. The Russell 2000 Growth Index reconstitution date is typically each year on or around July 1. As of the 2025 reconstitution date, the market capitalization of companies included in the Russell 2000 Growth Index ranged from $ 61 million to $ 16.033 billion. The market capitalizations for the range of companies in the Russell 2000 Growth Index are subject to change at its next reconstitution date. The Fund may invest up to 30% of its total assets at the time of purchase in securities issued by foreign companies (companies that are incorporated in any country outside the United States and whose securities principally trade outside the United States). Securities issued by companies incorporated outside the United States whose securities are principally traded in the United States are not defined as foreign companies and are not subject to this limitation. We use a process of bottom-up fundamental analysis to look for individual companies that we believe have above average potential for rapid earnings growth and stock price appreciation. Our analysis may include studying a companys financial statements, visiting company facilities, and meeting with executive management, suppliers and customers. The Fund may invest a large percentage of its assets (greater than 5%) in a particular region or market. 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 health care, information technology, industrials, consumer discretionary, and financials . The Fund may invest in initial public offerings (IPOs).
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| HEALTHEQUITY INC | — | $18.72M | 4.66% |
| FRESHPET INC | — | $17.98M | 4.47% |
| PDF SOLUTIONS INC | — | $15.71M | 3.91% |
| RBC BEARINGS INC | — | $15.45M | 3.84% |
| CASELLA WASTE SYS INC CL A | — | $13.98M | 3.48% |
| KULICKE and SOFFA INDUSTRIES INC | — | $12.04M | 3.00% |
| Johnnie-O Holdings, Inc. | — | $11.69M | 2.91% |
| FABRINET | — | $11.50M | 2.86% |
| JFROG LTD | — | $10.68M | 2.66% |
| CAMTEK LTD | — | $10.44M | 2.60% |
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 Small Cap Growth Fund · WAAEX, WIAEX | 46% | 1.05% |
| Wasatch Core Growth Fund · WGROX, WIGRX | 41% | 1.05% |
| Wasatch Long/Short Alpha Fund · WALSX, WGLSX | 35% | 2.01% |
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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