Shareholder Fees (Fees paid directly from your investment.) | Investor
Class Shares |
Institutional
Class Shares |
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | None | None |
Redemption Fee (as a % of amount redeemed on shares held 60 days or less) | 2.00% | 2.00% |
Exchange Fee | None | None |
Maximum Account Fee | None | None |
Annual
Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment.) |
Investor
Class Shares |
Institutional
Class Shares | |
Management Fee | 1.25% | 1.25% | |
Other Expenses1 | 2.96% | 2.06% | |
Dividend Expense on Short Sales, Borrowing Costs and Related Interest Expense Attributable to Securities Sold Short2 | 0.75% | 0.75% | |
Total Annual Fund Operating Expenses | 4.96% | 4.06% | |
Expense Reimbursement | (2.46)% | (1.81)% | |
Total Annual Fund Operating Expenses After Expense Reimbursement3 | 2.50% | 2.25% |
1 | Other Expenses are based on estimates for the current fiscal year. |
2 | Dividends on short sales are dividends paid to the lenders of borrowed securities. Expenses related to dividends on short sales, borrowing costs and related interest expenses attributable to securities sold short are estimated and will vary depending on whether the securities the Fund sells short pay dividends, the amount of any such dividends, the borrowing costs, financing fees and other charges paid in connection with borrowing the security to be sold short, and maintaining related margin collateral. |
3 | Wasatch Advisors, Inc., doing business as Wasatch Global Investors (Advisor), the Fund’s investment advisor, has contractually agreed to reimburse the Investor Class shares and Institutional Class shares of the Fund for Total Annual Fund Operating Expenses in excess of 1.75% and 1.50%, respectively, of average daily net assets until at least January 31, 2023, excluding fees and expenses incurred in borrowing securities and selling portfolio securities short including enhanced custody fees (which include borrowing costs, financing fees and other charges paid in connection with borrowing the security to be sold short and maintaining related margin collateral) and dividend expense on short sales/interest expense, interest, 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 Fund may only make repayments to the Advisor for |
amounts reimbursed if such repayment does not cause the Fund’s expense ratio, after the repayment is taken into account, to exceed both (i) the expense cap in place at the time such amounts were waived; and (ii) the Fund’s current expense cap. 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. Shareholder expenses will increase if the Advisor does not renew the contractual expense cap after its expiration date. |
1 Year | 3 Years | |
Long/Short Alpha Fund — Investor Class | $253 | $1,270 |
Long/Short Alpha Fund — Institutional Class | $228 | $1,070 |
Mick
Rasmussen, CFA Lead Portfolio Manager Since Inception |
Investment Minimums | Investor Class | Institutional Class |
New Accounts | $2,000 | $100,000 |
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 | Institutional Class |
Regular Accounts and IRAs | $100 | $5,000 |
Automatic Investment Plan | $50
per month and/or $100 per quarter |
• | Institutional Class shares are offered to all types of investors, provided that the investor meets the minimum investment threshold for Institutional Class shares. |
• | Account minimums are waived for accounts held in qualified retirement or profit sharing plans opened through a third party service provider or record keeper, and may be waived for omnibus accounts established by financial intermediaries where the investment in the Fund is expected to meet the minimum investment amount within a reasonable time period as determined by the Advisor. Investors and/or registered investment advisors (RIAs) and broker-dealers may generally meet the minimum investment amount by aggregating multiple accounts with common ownership or discretionary control within the Fund. |
• | 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 wasatchglobal.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 or Institutional 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 wasatchglobal.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 or Institutional 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 online from wasatchglobal.com or by calling a shareholder services representative. |
• | Fund shares may be bought or sold through banks or investment professionals, including brokers that may have agreements with the Fund’s Distributor to offer shares when acting as an agent for the investor. An investor transacting in the Fund’s shares in these programs may be required to pay a commission and/or other forms of compensation to the bank, investment professional or broker. |