Investor Summary

Scott Thomas, CFA, CPA, serves as Lead Portfolio Manager with 9 years managing this strategy and 14 total years at Wasatch. He joined Wasatch Advisors in 2012 as a senior equities analyst on the international research team and has served as portfolio manager since January 31, 2015. Thomas holds a Bachelor of Science in Accounting from Brigham Young University and brings prior experience from Morgan Stanley and KPMG. He emphasizes direct engagement with portfolio companies through extensive travel to frontier and emerging markets, often being among the rare institutional investors to visit potential investments in person.

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Fund Strategy

The Wasatch Frontier Emerging Small Countries Strategy employs a bottom-up, fundamental investment process targeting high-quality companies in frontier and emerging small countries. The strategy emphasizes companies with strong financials, sustainable competitive advantages, superior management teams, and earnings growth exceeding their sector or industry. Portfolio managers travel throughout frontier and emerging markets to identify less well-known, long-duration growth companies with secular growth drivers leading domestic transformations. The approach focuses on fintech, e-commerce, and healthcare firms across Latin America, Asia, and Morocco, typically maintaining 30 to 70 positions with high active share of 90% compared to benchmarks.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
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