Wasatch Long/Short Fund Investor Class (FMLSX)

15.91
Net Asset Value
-0.06%
1 Day
-1.91%
Year-to-Date
Overall Morningstar Rating
Long/short equity
Style or Category
No Load
Sales Expenses
1.51%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks capital appreciation. The fund invests primarily in equity securities by maintaining long equity positions and short equity positions. It will invest the fund's assets in the equity securities of companies with market capitalizations of at least $100 million at the time of purchase that the managers have identified as being undervalued and the managers will sell short those securities that the managers have identified as being overvalued. The fund may invest a large percentage of its assets in a few sectors, including information technology, financials, energy, consumer discretionary, materials and industrials. It is non-diversified.

Performance

1 month-2.87% 3 years+8.10%
3 months-5.97% 5 years+7.56%
1 year-0.15% Since inception+6.73%
Data through --

Peer Comparisonvs. Long/short equity

 FMLSXCategory
Performance 5-yr return+7.56%+7.27%
Expense ratio1.51%1.95%
Risk 5 year sharpe ratio0.800.74
Net assets$2.7B$490.6M
Average market cap$16.6B$35.6B
Average P/E18.917.6
Portfolio turnover47%47%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyWasatch
Fund manager & tenureRalph Shive / 11 Years
Minimal initial investment$2,000.00
Minimum IRA investment$2,000.00

Holdings

U.S. stock65.02%
Cash27.86%
International stock7.23%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Energy 22.40%
Industrial materials 17.99%
Financial service 14.66%
Consumer service 7.99%
Healthcare 7.47%
Top 10 Holdings
Portfolio weighting
DNR Denbury Resources Inc5.05%
AAPL Apple Inc3.74%
IRM Iron Mountain Inc3.64%
L Loews Corp3.60%
WMT Wal-Mart Stores Inc3.26%
TIBX TIBCO Software Inc2.78%
ESV Ensco PLC Class A2.76%
GM General Motors Co2.73%
BBG Bill Barrett Corporation2.58%
MSFT Microsoft Corp2.46%

To view my watchlist

Not a member yet?

Sign up now for a free account

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.