Wasatch - 1st Source Income Equity Fund
FMIEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- One Beacon Street Boston MA United States of America 02108
- IPO Date
- Sep 25, 1996
- CIK
- 0000882748
- Website
- wasatchglobal.com
- Similar Companies
- Business
- Wasatch Global Value Fund Investor (FMIEX) is an open-end mutual fund managed by Wasatch Global Investors that seeks capital appreciation and current income through a value-oriented equity strategy. The fund primarily invests at least 80% of its net assets in equity securities, including common and preferred stocks, of foreign and domestic companies; it maintains a high-conviction, diversified portfolio of approximately 25-40 positions, with at least 40% invested outside the United States, focusing on large-cap companies with market capitalizations generally over $5 billion trading below their long-term intrinsic values; top sectors include financial services, healthcare, utilities, consumer defensive, and energy, with significant regional exposure to the United States, Eurozone, developed Asia, Canada, and emerging Asia. Wasatch Global Investors, the fund's investment adviser, is a 100% employee-owned firm founded in 1975 and headquartered in Salt Lake City, Utah; the fund, which commenced operations in 1996 following the reorganization of its predecessor 1st Source Monogram Income Equity Fund, has total net assets of approximately $138 million and a net expense ratio of 1.11%, with shares available for sale in the United States. Recent developments include the appointment of Nakul Chaturvedi as Associate Portfolio Manager on April 24, 2024, alongside lead manager David Powers who has managed the fund since August 19, 2013; in early 2025, Wasatch hired Mark Madsen and Karson Schrader from Grandeur Peak Global Advisors to bolster its small-cap value lineup, culminating in the October 1, 2025 launch of the Wasatch Global Small Cap Value Fund (WACVX/WGCVX) and Wasatch International Small Cap Value Fund (WASVX/WGSVX), reflecting strategic expansion in value strategies without direct impact on FMIEX.