- What does WAMCX invest in?
- The fund invests primarily in smaller high growth companies. It will invest the fund's assets in the equity securities, typically common stock, of smaller companies that the managers believe have the potential for rapid growth in earnings per share. The fund may invest up to 30% of its total assets at the time of purchase in securities issued by foreign companies. It may invest a large percentage of its assets in a few sectors. These sectors were information technology, health care, consumer discretionary, financials, and industrials.
- What is the expense ratio of WAMCX?
- Wasatch Ultra Growth Fund (WAMCX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations.
- Is WAMCX a good long-term hold?
- WAMCX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does WAMCX's daily reset work?
- WAMCX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is WAMCX?
- Wasatch Ultra Growth Fund (WAMCX) manages $224.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is WAMCX actively managed or an index fund?
- WAMCX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
