Wasatch Funds Trust - Wasatch Core Growth Fund

What Wasatch Funds Trust - Wasatch Core Growth Fund does

Wasatch Global Investors is a 100% employee-owned, SEC-registered investment management firm founded in 1975 and headquartered in Salt Lake City, Utah. The firm specializes exclusively in active small-cap and mid-cap equity management, offering 21 investment strategies spanning U.S., international, emerging markets, and global universes with a focus on high-quality companies exhibiting sustainable earnings growth. Its product suite includes mutual funds, separately managed accounts, collective investment trusts, a limited partnership vehicle, and the newly launched Wasatch Small/Mid Cap ETF (WSMD), with the Wasatch Core Growth Fund serving as a flagship U.S. SMID-cap growth offering.

The firm's investment process is defined by a 'Multiple Eyes' collaborative research approach in which multiple team members evaluate companies, debate investment merits, and engage with management teams before recommending securities for portfolios. Wasatch employs 94 employees, including 40 research professionals, supported by internally developed risk models for portfolio construction and exposure management. The firm uses a disciplined bottom-up fundamental research methodology with a global perspective applied to identify high-quality growth companies across market capitalizations and geographies.

Revenue is generated through investment advisory fees as a percentage of assets under management across all product wrappers. The firm serves individual investors, institutional clients, and retirement plan participants through direct distribution, the ALPS Distributors intermediary network, and exchange-traded ETF access. AUM stood at $26.7 billion as of August 2025 and $22.3 billion as of June 30, 2026, reflecting material near-term contraction. Distribution is supported by content marketing, media coverage, and thought leadership channels including the Insightful Investor Podcast.

Name

Wasatch Funds Trust - Wasatch Core Growth Fund

Legal name

Wasatch Global Investors

Website

https://wasatchglobal.com

Company type

Private

Founded year

1975

Operating status

Operating

Short description

Wasatch Global Investors is a 100% employee-owned investment management firm specializing in active small-cap and mid-cap equity strategies, offering 21 mutual funds, separate accounts, ETFs, and collective investment trusts to individual investors, institutional clients, and retirement plan participants.

Ownership category

akta.pro rank

Product category

Active Equity Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Sustainable/ESG Equity (Active) (FSAAAIAM)

Keywords

• Active equity management
• Small cap growth
• Mutual fund management
• Investment advisory services
• Separately managed accounts

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Advisory Fees: Wasatch Global Investors earns investment advisory fees based on assets under management. The firm manages mutual funds, separate accounts, collective investment trusts, and ETFs, charging expense ratios and management fees as a percentage of AUM.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Wasatch Global Investors is an employee-owned investment management firm that operates the Wasatch Funds Trust family of mutual funds, including the Wasatch Core Growth Fund. The firm conducts bottom-up fundamental research to identify high-quality growth companies in the small-cap and SMID-cap universe and offers its strategies through mutual funds, ETFs, separate accounts, collective investment trusts, and limited partnerships, earning fees based on assets under management.

Product overview

Wasatch Global Investors operates as a comprehensive small-cap equity manager offering a diversified portfolio of investment products across multiple wrappers and geographies. The product suite consists of 21 investment strategies spanning: (1) U.S. Mutual Funds including Core Growth, Long/Short Alpha, Micro Cap, Micro Cap Value, Small Cap Growth, Small Cap Value, Ultra Growth, U.S. Select, and Hoisington U.S. Treasury; (2) Ex-U.S./International Funds including International Growth, International Opportunities, International Select, and International Small Cap Value; (3) Emerging Markets Funds including Emerging India, Emerging Markets Select, Emerging Markets Small Cap, and Frontier Emerging Small Countries; (4) Global Funds including Global Opportunities, Global Select, and Global Small Cap Value; (5) Traditional Value Funds including Global Value and International Value; (6) the Wasatch Small/Mid Cap ETF (WSMD) as the firm's first actively managed ETF launched July 2026; (7) Separately Managed Accounts mirroring mutual fund strategies; (8) Collective Investment Trusts for retirement plans; and (9) Limited Partnership vehicles for qualified investors. The firm specializes in bottom-up fundamental research-driven investment management with a focus on high-quality growth companies across market capitalizations and geographies.

Differentiator

Problem solved

Functional benefit

Products and services

• Wasatch Core Growth Fund
• Wasatch Small Cap Growth Fund
• Wasatch Small Cap Value Fund
• Wasatch Micro Cap Fund
• Wasatch Micro Cap Value Fund
• Wasatch Ultra Growth Fund
• Wasatch Long/Short Alpha Fund
• Wasatch U.S. Select Fund
• Wasatch Hoisington U.S. Treasury Fund
• Wasatch Global Value Fund
• Wasatch International Value Fund
• Wasatch International Growth Fund
• Wasatch International Opportunities Fund
• Wasatch International Select Fund
• Wasatch International Small Cap Value Fund
• Wasatch Emerging India Fund
• Wasatch Emerging Markets Select Fund
• Wasatch Emerging Markets Small Cap Fund
• Wasatch Frontier Emerging Small Countries Fund
• Wasatch Global Opportunities Fund
• Wasatch Global Select Fund
• Wasatch Global Small Cap Value Fund
• Wasatch Small/Mid Cap ETF (WSMD)
• Separate Accounts
• Collective Investment Trusts (CITs)
• Limited Partnership

Quantifiable outcome

• Top quartile peer rankings on Sharpe Ratio and Information Ratio for Global Value and International Value strategies over multiple time periods
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• ALPS Distributors, Inc.coreChannel Partner/ Reseller/ DistributorALPS Distributors, Inc. serves as the principal distributor for Wasatch Funds mutual funds. This is the primary distribution channel for the firm's mutual fund products, handling the sale and distribution to intermediary platforms and broker-dealers.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Vanguard: Largest mutual fund and ETF provider with significant small-cap index offerings (e.g., VSMAX, VB) and active small-cap funds. Comparable to Wasatch as the dominant passive competitor reshaping small-cap investor flows, particularly relevant given Wasatch's ETF launch.
• Federated Hermes: Diversified asset manager with active small-cap equity mutual fund offerings and a strong intermediary distribution platform. Comparable to Wasatch as a competitor in small-cap mutual fund shelf space, though at significantly larger scale.
• Hartford Funds: Multi-boutique asset manager offering active equity mutual funds including small-cap and SMID-cap strategies. Comparable to Wasatch as a competitor for retail and intermediary small-cap allocations, distributed through similar channels.
• Dimensional Fund Advisors: Large systematic and active equity manager with significant small-cap fund offerings. Comparable to Wasatch as a competing source of small-cap equity exposure, though Dimensional emphasizes academic factor-based investing versus Wasatch's bottom-up fundamental approach.
• American Century Investments: Diversified active asset manager with small-cap growth and value mutual fund offerings distributed widely through intermediaries. Comparable to Wasatch as a competitor in retail small-cap mutual fund market with overlapping distribution channels.
• T. Rowe Price: Large diversified asset manager offering active equity mutual funds including small-cap and SMID-cap strategies. Comparable to Wasatch as a competitor for small-cap allocations, though T. Rowe Price offers a much broader product range and asset base.

Direct peers

• Ariel Investments: Employee-owned boutique active equity manager specializing in U.S. small- and mid-cap value and growth strategies via mutual funds. Directly comparable to Wasatch given similar ownership structure, boutique scale, and small/mid-cap specialization.
• Royce Investment Partners: Small-cap specialist active equity manager offering mutual funds and separately managed accounts focused on U.S. small-cap value and growth. Directly comparable to Wasatch in market segment focus, product wrapper structure, and bottom-up fundamental research approach.
• Grandeur Peak Global Advisors: Salt Lake City-based active small-cap equity manager specializing in global and international small-cap strategies. Highly comparable to Wasatch given overlapping geography, similar research-driven philosophy, and historical talent crossover (Wasatch hired Mark Madsen and Karson Schrader from Grandeur Peak).
• Ranger Investments: Boutique active small- and mid-cap equity manager offering mutual funds and SMAs. Comparable to Wasatch in size, specialization focus, and active fundamental research methodology targeting U.S. small/mid-cap growth companies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/wasatch-advisors

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wasatch Funds Trust - Wasatch Core Growth Fund