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Wasatch Long/Short Fund Investor Class (FMLSX)

12.32
Net Asset Value
+0.08%
1 Day
+9.51%
Year-to-Date
Overall Morningstar Rating
Long-short equity
Style or Category
No Load
Sales Expenses
1.61%
Expense Ratio
Above 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 invests 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 consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology and materials.

Performance

1 month-0.40% 3 years-0.78%
3 months+2.93% 5 years+2.42%
1 year-2.78% Since inception+4.94%
Data through --

Peer Comparisonvs. Long-short equity

 FMLSXCategory
Performance 5-yr return+2.42%+3.52%
Expense ratio1.61%1.94%
Risk 5 year sharpe ratio0.220.35
Net assets$284.3M$262.1M
Average market cap$21.3B$43.6B
Average P/E14.015.9
Portfolio turnover44%44%

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Fund Management and Purchase Info

Fund familyWasatch
Fund manager & tenureMichael Shinnick / 12 Years
Minimal initial investment$2,000.00
Minimum IRA investment$2,000.00

Holdings

U.S. stock61.76%
Cash36.05%
International stock2.20%
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
AAPL Apple4.20%
IRM Iron Mountain Inc3.96%
CSCO Cisco3.88%
ORCL Oracle3.82%
M Macy's3.42%
STLD Steel Dynamics Inc3.38%
BBG Bill Barrett Corp3.28%
QCOM Qualcomm3.13%
UAL United Continental Holdings3.13%
MOS Mosaic Co3.06%

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