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 companies tied economically to India. Under normal market conditions, we will invest at least 80% of the Funds net assets (plus borrowings for investment purposes) in the equity securities, typically common stock, of companies of all market capitalizations tied economically to India. We will consider qualifying investments to be in companies that are listed on an Indian exchange, that have at least 50% of their assets in India, or that derive at least 50% of their revenues or profits from goods produced or sold, investments made, or services performed in India. India is considered an emerging market. Companies in the India region with economic ties to India may be located in India, Bangladesh, Pakistan and … The Fund invests primarily in companies tied economically to India. Under normal market conditions, we will invest at least 80% of the Funds net assets (plus borrowings for investment purposes) in the equity securities, typically common stock, of companies of all market capitalizations tied economically to India. We will consider qualifying investments to be in companies that are listed on an Indian exchange, that have at least 50% of their assets in India, or that derive at least 50% of their revenues or profits from goods produced or sold, investments made, or services performed in India. India is considered an emerging market. Companies in the India region with economic ties to India may be located in India, Bangladesh, Pakistan and Sri Lanka. 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. 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 financials, health care, industrials, and consumer discretionary . 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. We may also invest in initial public offerings (IPOs).
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MAX HEALTHCARE I | — | $22.38M | 10.35% |
| FIVE-STAR BUSINE | — | $17.41M | 8.05% |
| DIVI LABS LTD | — | $15.27M | 7.06% |
| AU SMALL FINANCE | — | $14.12M | 6.53% |
| Bajaj Finance Ltd | — | $13.84M | 6.40% |
| KFIN TECHNOLOGIE | — | $11.07M | 5.12% |
| ADITYA VISION LTD | AVL | $9.20M | 4.25% |
| ELGI EQUIPMENTS | — | $8.99M | 4.16% |
| CARTRADE TECH LT | — | $8.38M | 3.87% |
| MEDI ASSIST HEALTHCARE SERVICES LTD | MEDIASSI | $8.25M | 3.81% |
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 Emerging Markets Select Fund · WAESX, WIESX | 31% | 1.13% |
| Baron India Fund · BINUX, BINRX, BINDX | 19% | 1.20% |
| Wasatch Emerging Markets Small Cap Fund · WAEMX, WIEMX | 16% | 1.75% |
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. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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