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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
  • Wasatch International Opportunities Fund closing to third party intermediaries
    Short Press Release from Wasatch
    Wasatch International Opportunities Fund to Close to New Investors on September 29, 2016
    (September 08, 2016)
    Salt Lake City, Utah, September 8, 2016—Effective at the end of market trading (4:00 p.m. EST) on September 29, 2016, the Wasatch International Opportunities Fund (WAIOX/WIIOX) will be closed to new purchases, except purchases by new shareholders purchasing directly from Wasatch Funds, existing shareholders, and current and future clients purchasing through financial advisors and retirement plans with an established position in the Fund.
    “Wasatch takes fund capacity seriously and, given the international micro-cap focus of the International Opportunities Fund, we believe that this step will protect the integrity of our investment process,” said Gene Podsiadlo, Director of Mutual Funds.
    Contact Information:
    Jody Lowe: 414.322.9311 / [email protected]
    Steve Rung: 801.415.5523 / [email protected]
    https://secure.wasatchfunds.com/News/Article.aspx?a=WAIOX Close 2016
    Total Assets:
    (All Classes) $654.0 (million) as of 09/08/16
    https://secure.wasatchfunds.com/Our-Funds/Overview.aspx?fund=WAIOX
  • Wasatch International Opportunities Fund closing to third party intermediaries
    https://www.sec.gov/Archives/edgar/data/806633/000119312516704743/d254531d497.htm
    497 1 d254531d497.htm WASATCH FUNDS TRUST
    WASATCH FUNDS TRUST
    Supplement dated September 8, 2016 to the
    Prospectus dated January 31, 2016 and
    Statement of Additional Information dated January 31, 2016, as amended and restated on July 8, 2016
    Investor Class
    Wasatch Core Growth Fund® - Investor Class (WGROX)
    Wasatch Emerging India Fund® - Investor Class (WAINX)
    Wasatch Emerging Markets Select Fund® - Investor Class (WAESX)
    Wasatch Emerging Markets Small Cap Fund® - Investor Class (WAEMX)
    Wasatch Frontier Emerging Small Countries Fund® - Investor Class (WAFMX)
    Wasatch Global Opportunities Fund® - Investor Class (WAGOX)
    Wasatch International Growth Fund® - Investor Class (WAIGX)
    Wasatch International Opportunities Fund® - Investor Class (WAIOX)
    Wasatch Large Cap Value Fund® - Investor Class (FMIEX)
    Wasatch Long/Short Fund® - Investor Class (FMLSX)
    Wasatch Micro Cap Fund® - Investor Class (WMICX)
    Wasatch Micro Cap Value Fund® - Investor Class (WAMVX)
    Wasatch Small Cap Growth Fund® - Investor Class (WAAEX)
    Wasatch Small Cap Value Fund® - Investor Class (WMCVX)
    Wasatch Strategic Income Fund® - Investor Class (WASIX)
    Wasatch Ultra Growth Fund® - Investor Class (WAMCX)
    Wasatch World Innovators Fund® - Investor Class (WAGTX)
    Wasatch–1st Source Income Fund® - Investor Class (FMEQX)
    Wasatch-Hoisington U.S. Treasury Fund® - Investor Class (WHOSX)
    This Supplement updates certain information contained in the Wasatch Funds Prospectus dated January 31, 2016 and Statement of Additional Information dated January 31, 2016, as amended and restated on July 8, 2016 for Investor Class shares. You should retain this Supplement, the Prospectus and Statement of Additional Information for future reference. Additional copies of the Prospectus and Statement of Additional Information may be obtained free of charge by visiting our web site at www.WasatchFunds.com or calling us at 800.551.1700.
    Effective at the close of market on September 29, 2016, the Wasatch International Opportunities Fund (WAIOX) will be closed to new purchases, except purchases by new shareholders purchasing directly from Wasatch Funds, existing shareholders, and current and future clients purchasing through financial advisors and retirement plans with an established position in the Fund.
    As described in more detail in the Statement of Additional Information, the Advisor retains the right to make exceptions to any action taken to close a Fund or limit inflows into a Fund.
    PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
    _________________________________________________________________________________________________________________________
    WASATCH FUNDS TRUST
    Supplement dated September 8, 2016 to the
    Prospectus dated January 31, 2016 and
    Statement of Additional Information dated January 31, 2016, as amended and restated on July 8, 2016
    Institutional Class
    Wasatch Core Growth Fund® - Institutional Class (WIGRX)
    Wasatch Emerging India Fund ® - Institutional Class (WIINX)
    Wasatch Emerging Markets Select Fund® - Institutional Class (WIESX)
    Wasatch Emerging Markets Small Cap Fund® - Institutional Class (WIEMX)
    Wasatch Frontier Emerging Small Countries Fund® - Institutional Class (WIFMX)
    Wasatch Global Opportunities Fund® - Institutional Class (WIGOX)
    Wasatch International Growth Fund® - Institutional Class (WIIGX)
    Wasatch International Opportunities Fund® - Institutional Class (WIIOX)
    Wasatch Large Cap Value Fund® - Institutional Class (WILCX)
    Wasatch Long/Short Fund® - Institutional Class (WILSX)
    Wasatch Small Cap Growth Fund® - Institutional Class (WIAEX)
    Wasatch Small Cap Value Fund® - Institutional Class (WICVX)
    Wasatch World Innovators Fund® - Institutional Class (WIGTX)
    This Supplement updates certain information contained in the Wasatch Funds Prospectus dated January 31, 2016 and Statement of Additional Information dated January 31, 2016, as amended and restated on July 8, 2016 for Institutional Class shares. You should retain this Supplement, the Prospectus and Statement of Additional Information for future reference. Additional copies of the Prospectus and Statement of Additional Information may be obtained free of charge by visiting our web site at www.WasatchFunds.com or calling us at 800.551.1700.
    Effective at the close of market on September 29, 2016, the Wasatch International Opportunities Fund (WIIOX) will be closed to new purchases, except purchases by new shareholders purchasing directly from Wasatch Funds, existing shareholders, and current and future clients purchasing through financial advisors and retirement plans with an established position in the Fund.
    As described in more detail in the Statement of Additional Information, the Advisor retains the right to make exceptions to any action taken to close a Fund or limit inflows into a Fund.
    PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
  • DoubleLine Shiller Enhanced European CAPE in registration
    Shiller's strategies seem to be working well and I'm actually surprised because most of these new funds by the quant/trend followers/13F filings/s&p under it's 200 day moving average guys seem to be under performing more than I expected. Shiller's indexes almost seem like a free lunch at this point.
    QVAL, QMOM, GVAL, etc have just been tanking over the last two years, but then I'm reading articles from these guys that momentum and value strategies can under perform for up to 10 years, sometimes longer!?!?! And ALFA just got slaughtered when it went market neutral. If it's always best to buy when a fund's outlook seems darkest, then I'm loading up on MUHLX.
  • Gundlach/ DoubleLine Total Return Bond Fund (DBLTX/DLTNX) webcast tomorrow,Sept.8th

    Please join us for a live webcast titled "Turning Points" hosted by:
    Jeffrey Gundlach
    Mr. Gundlach will be discussing the economy, the markets and his outlook for what he believes may be the best investment strategies and sector allocations for the DoubleLine Total Return Bond Fund (DBLTX/DLTNX).
    Jeffrey Gundlach Total Return Webcast
    Scheduled for: Thu, Sep 8, 2016 1:15 PM PDT 4:15 PM EDT 3:15 PM CDT
    imagehttps://event.webcasts.com/starthere.jsp?ei=1085768
    @hank said
    Glad I didn't follow my own advice, as I'm sitting on a double-digit return year to date. Cash wouldn't have done it. Still…
    The "lower for longer" narrative is coming back into favor after the ISM services index unexpectedly tumbled to a five-year low in August. We can add that disappointment to last week's move into contraction zone for ISM manufacturing, as well as Friday's nonfarm payrolls miss.
    http://seekingalpha.com/news/3207108-string-sluggish-data-boosts-gold
    T.I.N.A
    When weighing whether to stay in the market after the long run-up in stocks or bail for an alternative investment, people are following Tina's lead at the dance.
    In investing shorthand, Tina stands for "there is no alternative."
    Are you dancing in the market with Tina?
    By Stephen Pounds · Bankrate.com
    Read more: http://www.bankrate.com/financing/investing/are-you-dancing-in-the-market-with-tina/#ixzz4Jc9LziJ0
    Follow us: @Bankrate on Twitter | Bankrate on Facebook
    image
    And Goldilocks continues to dream sweetly !
    DEFINITION of 'Goldilocks Economy'
    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. There are no exact markers of a Goldilocks economy, but it is characterized by a low unemployment rate, increasing asset prices (stocks, real estate, etc.), low interest rates, brisk but steady GDP growth and low inflation.
    http://www.investopedia.com/terms/g/goldilockseconomy.asp
    image
    GLOBAL MARKETS-Stocks edge up, yields dip on muted Fed hike expectations
    By Chuck Mikolajczak Reuters September 7, 2016
    NEW YORK, Sept 7 (Reuters) - A gauge of global equity markets reached its highest level in over a year on Wednesday and U.S. Treasury yields declined for a second straight session as expectations for a interest rate hike by the Federal Reserve remained muted.The probability for a September rate hike inched up to 18 percent after the comments, from 15 percent in the prior session, according to CME's FedWatch tool, while expectations for a December increase nudged back above 50 percent.
    http://finance.yahoo.com/news/global-markets-stocks-edge-yields-203007331.html
    @hank said Just read the Stephanie Pompoy
    Is she a perpetual bear or what? The sky is falling.
    What if Ms Yellen does raise rates @ Sept meeting ?
    image
  • The other, unnoticed Jensen fund
    Over the 3 years through Jul 2016, JNVSX could have been substituted by a fixed portfolio of ETFs (~22% FXR, 19% TDIV, 17% SPHQ, 11% XRT, 9% IHF, 8% VIG, and a couple of smaller positions) that had a ~4.4% higher cumulative return at a comparable volatility. See goo.gl/2Z3V5Q
  • Fund Focus: Conestoga Small Cap Fund
    See a detailed analysis of CCASX at goo.gl/ekul1w
  • "Cloning DFA" (Journal of Indexes Jan 2015) + Portfolio Visualizer Tool
    Another way to substitute DFSVX, published a year earlier than this article -- see goo.gl/7RzdsC
    For the 5 years through Aug 2016, DFSVX could also have been substituted by a fixed portfolio of ETFs (~41% IWN, 14% RZV, 10% PSCT, 9% XRT, 8% PRN, 8% KBE, 6% PXI, and a couple smaller positions) with a similar cumulative return and lower standard deviation.
  • REcommendations for International SmallCap Fund (Value or Blend) at Fidelity
    Since Aug 2015, FISMX could have been substituted by a fixed portfolio of ETFs (~20% DFE, 19% SCHC, 17% PGF, 10% WPS, 6% FM, 6% DFJ, 5% BRF, and several smaller positions) that had a ~1% higher cumulative return at a comparable volatility. See goo.gl/2Z3V5Q
  • INDEX (S&P Equal Weight)
    This month's commentary identifies INDEX as the entry into S&P 500 Equal Weight mutual fund. I have been interested in this area for some time but looking for an option less expensive than the INVESCO mutual fund or Guggenheim EFT. INDEX OER is .30 which is less than its competitors, however, it charges a $25.00 annual maintenance fee for small accounts (defined as less than $25,000) and the board of director (trustees) have zero dollars invested in the fund. INDEX website shows approx. $3 [million] total assets [Morningstar reports $4 million in the fund, David.]; the founder of the fund has 10k-50k invested. Just sharing information.
  • Comparing Total Return Bond ETFs
    Interestingly, Vanguard Total Bond Market Index, BND, was not included in the article. This ETF has $162B in asset.
  • David Snowball's September Commentary
    Seems like the to time to be "steering" investors towards indexing, passive, and ultra diversification is when markets have been through a reasonable decline. Not at a time when:
    1) the largest stock market ( U.S.) in the world is richly valued and forward return expectations as measured by many metrics are low
    2) many world bond yields are sparse
    3) the average investor within a few years of retirement age, who are deficient in retirement asset accumulation ( a large percentage ), will need some sort of high alpha, active / strategic & capital preservation portfolios in order to "catch up" and maintain a reasonable retirement lifestyle.
    Don't hear anyone pushing for an overweight in emerging market / European bourses either which would seem to be logical and inverse to point #1.
  • DoubleLine Shiller Enhanced European CAPE in registration
    I like the idea, but I can't see buying it just because DSENX is doing so well. I put a good portion of my self managed portfolio into DSENX (15%) after reading about the funds objectives and style, but not sure I need a European fund. I tend to think collecting funds for the sake of adding a new fund to "the team", especially sector funds, is detrimental to a portfolio's return.
  • David Snowball's September Commentary
    Hi Davidrmoran,
    We ought to stop doing this or folks will start talking.
    Sorry that we disagree on who should get the most credit for the invention of such a useful worldwide product as the Internet. The concept did develop over an extended timeframe, likely starting as early as with Tesla. Lots of warranted ownership claims, but also lots of false claims.
    One expert said that " the first workable prototype of the Internet came in the late 1960s with the creation of ARPANET." The ARPA name was later changed to DARPA to reflect the changing world dynamic.
    I too have had the good fortune to work on DARPA teams on several projects, but that was several decades ago. DARPA carefully selects their team members wisely. I really did feel that I contributed to some sound assessments and decisions.
    I stand firm. It is DARPA and not Darpa. That's my opinion and that's what MFO is all about. You are always free to disagree and to express that disagreement. MFO members get to support whoever presents a more compelling case.
    EDIT: Here is the Link that I extracted the quote from:
    http://www.history.com/news/ask-history/who-invented-the-internet
    I made my original claim of discovery from memory. The DARPA guys told me it was so. I acknowledge that the debate has not and will likely never end. Lots of folks have added major additions to the system's functionality.
    One final comment. On its own website, DARPA presents itself in full Caps. Here is a Link to that site:
    http://www.darpa.mil/
    That's enough said.
    Best Wishes.
  • David Snowball's September Commentary
    Hi Again Davidrmoran,
    I hate hitting on a small point, but I post now with a minor complaint. You do DARPA an injustice by not using Caps uniformly.
    DARPA is the Defense Advanced Research Project Agency. It was formed in 1958 in response to an emerging Soviet space threat. It's superior performance record is unmatched by any other government institution or by industry from which it draws members to establish teams with limited assignments. This agency developed the Internet.
    Good for them and great for us. They deserve a proper recognition and acknowledgement for their long and successful service record. Three cheers for DARPA.
    Best Wishes.