Summary Prospectus —January 31, 2015 | Ticker: WMCVX |
Shareholder Fees (fees paid directly from your investment) | Investor
Class Shares |
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | None |
Redemption Fee (as a % of amount redeemed on shares held 60 days or less) | 2.00% |
Exchange Fee | None |
Maximum Account Fee | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | Investor
Class Shares |
Management Fee | 1.00% |
Distribution/Service (12b-1) Fee | None |
Other Expenses | 0.20% |
Total Annual Fund Operating Expenses1 | 1.20% |
1 | Wasatch Advisors, Inc. (Advisor), the Fund’s investment advisor, has contractually agreed to reimburse the Investor Class shares of the Fund for Total Annual Fund Operating Expenses in excess of 1.50% of average daily net assets until at least January 31, 2016 (excluding interest, dividend expense on short sales/interest expense, taxes, brokerage commissions, other investment related costs and extraordinary expenses). The Board of Trustees is the only party that can terminate the contractual limitation prior to the contract’s expiration. The Advisor can rescind the contractual limitation on expenses at any time after its expiration date. |
1 Year | 3 Years | 5 Years | 10 Years | |
Small Cap Value Fund — Investor Class | $122 | $381 | $660 | $1,455 |
• | Undiscovered Gems — Companies with good growth potential which have yet to be broadly discovered by Wall Street analysts, thus leaving them attractively undervalued relative to their expected growth. |
• | Fallen Angels — High quality growth companies that have experienced a temporary setback and therefore have appealing valuations relative to their long term growth potential. |
• | Quality Value — Quality companies with earnings potential that is not fully reflected in their stock prices. |
Best — 6/30/09 | 33.91% |
Worst — 12/31/2008 | -34.04% |
Average Annual Total Returns — (as of 12/31/14) | 1 Year | 5 Years | 10 Years |
Wasatch Small Cap Value Fund — Investor Class | |||
Return Before Taxes | 7.40% | 15.46% | 6.91% |
Return After Taxes on Distributions | 7.40% | 15.46% | 5.80% |
Return After Taxes on Distributions and Sale of Fund Shares | 4.19% | 12.49% | 5.39% |
Russell 2000® Value Index (reflects no deductions for fees, expenses or taxes) | 4.22% | 14.26% | 6.89% |
Russell 2000® Index (reflects no deductions for fees, expenses or taxes) | 4.89% | 15.55% | 7.77% |
Jim
Larkins Lead Portfolio Manager Since 1999 |
Investment Minimums | Investor Class |
New Accounts | $2,000 |
New Accounts with an Automatic Investment Plan | $1,000 |
Individual Retirement Accounts (IRAs) | $2,000 |
Coverdell Education Savings Accounts | $1,000 |
Subsequent Purchases | Investor Class |
Regular Accounts and IRAs | $100 |
Automatic Investment Plan | $50
per month and/or $100 per quarter |
• | You may purchase, redeem or exchange Fund shares on any day the New York Stock Exchange is open for business. |
• | You may sell shares online at www.WasatchFunds.com, or via email at shareholderservice@wasatchfunds.com or by calling 800.551.1700 if you did not decline the telephone redemption privilege when establishing your account. |
• | You may write to: Wasatch Funds, P.O. Box 2172, Milwaukee, WI 53201-2172 or via overnight delivery to: Wasatch Funds, 235 W. Galena St., Milwaukee, WI 53212. The letter should include your name, Fund Name, Class of shares (i.e., Investor Class), account number, dollar amount of shares to be bought or sold, your daytime telephone number, signature(s) of account owners (sign exactly as the account is registered) and Medallion signature guarantee (if required). For IRA accounts, please obtain an IRA Distribution Form from www.WasatchFunds.com or by calling a shareholder services representative. |
• | Wasatch Funds shareholders who have combined Wasatch Fund balances of $100,000 or more held directly with the Funds may be eligible for certain service benefits, including access to an exclusive Toll Free telephone number. See “Premier Services” in the Account Policies section of this prospectus for more information, or contact shareholder services by calling 800.551.1700 or via email at shareholderservice@wasatchfunds.com. |
• | You may buy or sell shares of the Fund through banks or investment professionals, including brokers, and they may charge you a transaction fee for this service. |
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