Wasatch International Growth Fund (WAIGX) is an open-end mutual fund managed by Wasatch Global Investors that seeks long-term growth of capital through a bottom-up investment approach focused on high-quality foreign small- and mid-cap growth companies. The fund primarily invests in common stocks of companies outside the United States with market capitalizations under $7 billion at the time of purchase, typically holding 60-90 positions across sectors such as technology (24.04%), financial services (21.50%), industrials (20.05%), communication services (11.80%), and healthcare (9.01%); top holdings include BayCurrent Inc (4.72%), MonotaRO Co Ltd (4.65%), and Definity Financial Corp (3.75%). It emphasizes companies with strong balance sheets, robust cash flows, sustainable competitive advantages, and capable management teams, with geographic exposure spanning Japan (20.96%), the United Kingdom (17.09%), the Eurozone (12.80%), emerging Asia (9.79%), Canada (8.27%), and other regions.
Launched on June 28, 2002, the Investor Class shares (WAIGX) are domiciled in the United States, with a minimum initial investment of $2,000 and an adjusted expense ratio of 1.49%; the fund maintains total net assets of approximately $207-224 million and a portfolio turnover of 34%. Managed by Kenneth Applegate since January 31, 2016, and Derrick Tzau since January 31, 2020, it operates within the foreign small/mid growth category and is available for sale in the United States as a no-load share class.
Wasatch Global Investors, the fund's 100% employee-owned adviser founded in 1975 and headquartered at 505 Wakara Way in Salt Lake City, Utah, registered with the SEC under the Investment Advisers Act of 1940, has expanded its lineup in 2025 by hiring portfolio manager Mark Madsen and senior research analyst Karson Schrader from Grandeur Peak Global Advisors early in the year and launching the Wasatch Global Small Cap Value Fund (WACVX/WGCVX) and Wasatch International Small Cap Value Fund (WASVX/WGSVX) on October 1, 2025. These new funds align with Wasatch's small-cap value strategy, emphasizing quality value companies with growth characteristics and drawing on the firm's 50-year legacy in small-cap investing, while the firm also announced leadership transitions effective 2025 and reopened core growth funds including International Growth in late 2024. The fund targets institutional and retail investors seeking exposure to international growth equities through intermediary platforms and direct investments.