Wasatch Small Cap Growth Fund Investor Class
WAAEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 505 Wakara Way Salt Lake City UT United States of America 84108
- IPO Date
- Nov 18, 1986
- CIK
- 0000806633
- Website
- wasatchglobal.com
- Similar Companies
- Business
- Wasatch Small Cap Growth Fund Investor Class (WAAEX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in small-cap growth equities using a bottom-up fundamental approach; the strategy targets high-quality companies with sustainable competitive advantages, strong management teams, and potential to capture market share through sales and earnings growth over extended periods, typically holding 40-60 positions with a focus on U.S. stocks comprising over 90% of the portfolio alongside limited non-U.S. exposure. The fund offers Investor Class shares with a net expense ratio of 1.15%, daily pricing, a minimum initial investment of $2,000, and a maximum redemption fee of 2.00%; it features share classes including Institutional (WIAEX) and emphasizes active management with portfolio turnover around 28-36%. Launched on December 8, 1986, the fund is managed by Wasatch Global Investors, a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah, which specializes in active strategies across micro-, small-, and mid-cap equities in U.S. and international markets. Wasatch Global Investors oversees total net assets exceeding $1.9 billion for WAAEX across classes, with top holdings such as Ollie's Bargain Outlet Holdings Inc., Paylocity Holding Corp., RBC Bearings Inc., Bellring Brands Inc., and Healthequity Inc. representing approximately 20.83% of the portfolio; the fund targets individual investors, retirement plans, and institutions seeking small growth exposure in the Morningstar Small Growth category. In recent developments, Wasatch Global Investors hired Mark Madsen and Karson Schrader from Grandeur Peak Global Advisors early in 2025 to lead the launch of the Wasatch Global Small Cap Value Fund (WACVX/WGCVX) and Wasatch International Small Cap Value Fund (WASVX/WGSVX) on October 1, 2025, expanding its small-cap value lineup while drawing on its growth expertise. The firm announced portfolio manager promotions and transitions in January 2025, including retirements of longtime professionals such as Jim Larkins (effective January 31, 2025) from the Small Cap Value Fund and JB Taylor (end of 2025), with succession plans naming successors like Austin Bone and updated roles to maintain investment continuity across strategies including small-cap growth. WAAEX remains closed to new investors via third-party platforms but open directly through Wasatch Funds and to existing retirement plan participants.