Summary Prospectus —January 31, 2018 | 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 | 0.21% |
Acquired Fund Fees and Expenses1 | 0.20% |
Total Annual Fund Operating Expenses2 | 1.41% |
1 | The Total Annual Fund Operating Expenses may not equal the expense ratio stated in the Fund’s most recent Annual Report and Financial Highlights, which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. |
2 | 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, 2019 (excluding interest, dividend expense on short sales/interest expense, taxes, brokerage commissions, other investment related costs, acquired fund fees and expenses, and extraordinary expenses, such as litigation and other expenses not incurred in the ordinary course of business). 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 | $144 | $447 | $772 | $1,691 |
• | Undiscovered Gems — Companies with good growth potential that have yet to be broadly discovered by Wall Street analysts, thus leaving them attractively undervalued relative to their expected growth rate. |
• | 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 — 6/30/2009 | 33.91% |
Worst — 12/31/2008 | -34.04% |
Average Annual Total Returns — (as of 12/31/17) | 1 Year | 5 Years | 10 Years |
Wasatch Small Cap Value Fund — Investor Class | |||
Return Before Taxes | 19.55% | 16.22% | 9.13% |
Return After Taxes on Distributions | 17.75% | 15.84% | 8.95% |
Return After Taxes on Distributions and Sale of Fund Shares | 12.49% | 13.13% | 7.50% |
Russell 2000® Value Index* (reflects no deductions for fees, expenses or taxes) | 7.84% | 13.01% | 8.17% |
Russell 2000® Index* (reflects no deductions for fees, expenses or taxes) | 14.65% | 14.12% | 8.71% |
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, sell (redeem) or exchange Fund shares on any day the New York Stock Exchange is open for business. |
• | To open a new account directly with Wasatch Funds or to purchase shares for an existing account, go online at www.WasatchFunds.com. For a new account, complete and electronically submit the online application. Accounts for third parties, trusts, corporations, partnerships and other entities may not be opened online and are not eligible for online transactions. By telephone, complete the appropriate application and call a shareholder services representative at 800.551.1700 for instructions on how to open or add to an account via wire. To open a new account by mail, complete and mail the application and any other materials (such as a corporate resolution for corporate accounts) and a check. To add to an existing account, complete the additional investment form from your statement or write a note that includes the Fund name and Class of shares (i.e., Investor Class), name(s) of investor(s) on the account and the account number. Send materials 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. |
• | To sell shares purchased directly from Wasatch Funds, go online at www.WasatchFunds.com, or call a shareholder services representative at 800.551.1700 if you did not decline the telephone redemption privilege when establishing your account. Redemption requests may be sent by mail or overnight delivery to the appropriate address shown above. Include your name, Fund name, Class of shares (i.e., Investor Class), account number, dollar amount of shares to be 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. |
• | Fund shares may be bought or sold through banks or investment professionals, including brokers. They may charge you a transaction fee for this service. |
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