Seven Canyons Strategic Income Fund Investor Class
WASIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Eric Bergeson
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 505 S. Wakara Way Salt Lake City UT United States of America 84108
- IPO Date
- Feb 2, 2006
- CIK
- 0000806633
- Website
- wasatchglobal.com
- Similar Companies
- Business
- Seven Canyons Strategic Income Fund Investor Class (WASIX) is a mutual fund that seeks total return through a combination of current income and capital appreciation by investing primarily in income-producing domestic and foreign securities, including equity securities such as common stocks and fixed-income securities across all market capitalizations; it may concentrate a large percentage of assets in a few sectors. The fund offers Investor Class shares with a minimum investment of $2,000, an expense ratio of 1.41%, and a portfolio that as of recent reporting includes allocations to sectors like information technology, health care, consumer discretionary, industrials, financials, and consumer staples, with top holdings such as Sirca Paints India Ltd., Datamatics Global Services Ltd., Arman Financial Services Ltd., LT Foods Ltd., and Linical Co. Ltd. It operates within the foreign small/mid growth category, targeting high-quality growth companies globally with significant exposure to emerging markets including India, Mexico, South Korea, and Japan, as well as developed markets like Germany and the United Kingdom. The fund is part of ALPS Series Trust and is managed by Seven Canyons Advisors, LLC, a boutique global equities investment manager founded in 2017 and headquartered at 22 East 100 South, 3rd Floor, Salt Lake City, Utah; the firm is 100% employee-owned and registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940. WASIX commenced operations on February 1, 2006, as the predecessor Wasatch Strategic Income Fund managed by Wasatch Advisors, Inc., which reorganized into Seven Canyons Strategic Income Fund on September 10, 2018, when Seven Canyons Advisors became the investment adviser. In a significant strategic shift, the fund rebranded to Seven Canyons Strategic Global Fund on January 28, 2022, reflecting an evolution from a primary income focus to a balanced approach emphasizing global small-cap equities for total return. No major acquisitions, funding rounds, or partnerships have been announced for the fund or its adviser in the last 1-2 years; recent activity includes ongoing portfolio management adjustments amid high interest rates and global economic volatility, with the Board of Trustees approving recommendations from Seven Canyons Advisors as of November 21, 2024. The fund maintains assets under management of approximately $11.71 million, with a 5-year return of 70.74% and a dividend yield of 0.57%.