Wasatch Ultra Growth
WAMCX
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
- Salt Lake City, UT 84111 Salt Lake City UT United States of America 84111
- IPO Date
- Sep 15, 1995
- CIK
- 0000806633
- Website
- wasatchglobal.com
- Similar Companies
- Business
- Wasatch Ultra Growth Fund (WAMCX) is an open-end mutual fund that seeks long-term growth of capital, with income as a secondary objective, by investing primarily in equity securities, typically common stocks, of smaller high-growth companies with market capitalizations generally under $7 billion at the time of purchase. The fund employs a bottom-up investment approach targeting 50-75 positions in U.S.-based companies, with limited exposure to non-U.S. stocks, across sectors such as technology (approximately 35%), healthcare (around 29%), industrials, consumer defensive, and consumer cyclical; it emphasizes high-quality management teams and disruptive business models in fast-growing industries. Launched on August 17, 1992, the fund is managed by Wasatch Global Investors, headquartered in Salt Lake City, Utah, and is available primarily to U.S. investors with a minimum initial investment of $2,000. Recent portfolio manager transitions at Wasatch Global Investors include the planned retirement of CEO and longtime portfolio manager JB Taylor at the end of 2025, with him stepping down from lead roles on related small-cap strategies effective January 31, 2025, while remaining on the board through at least 2026; CFO Mike Yeates will assume CEO duties on January 1, 2025. The fund itself continues under consistent management led by John Malooly since 2012, maintaining its focus amid market volatility, as evidenced by quarterly commentary noting underperformance relative to the Russell 2000 Growth Index due to emphasis on higher-quality holdings over speculative momentum plays. Assets under management stand at approximately $518 million for the investor share class, with a net expense ratio of 1.22%.