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Important Tax Information is Now Available in Our 2013 Tax Guide

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Dear Shareholders,

Because tax time can sometimes be confusing, we wanted to share a summary of the materials you should expect to receive in order to make your 2013 tax reporting related to Wasatch Funds as easy as possible.

Regular Dividends & Capital Gains

If you were a shareholder of one or more of the below Wasatch Funds in a non-retirement account during 2013 and you received a distribution amount greater than $10, you can expect to receive a 1099-DIV form in the mail and/or posted to your online account on or before February 15, 2014:

  • Wasatch Core Growth Fund – Investor Class (WGROX)
  • Wasatch Core Growth Fund -  Institutional Class (WIGRX)
  • Wasatch Emerging Markets Select Fund – Investor Class (WAESX)
  • Wasatch Emerging Markets Select Fund – Institutional Class (WIESX)
  • Wasatch Emerging Markets Small Cap Fund (WAEMX)
  • Wasatch Frontier Emerging Small Countries Fund (WAFMX)
  • Wasatch Global Opportunities Fund (WAGOX)
  • Wasatch Heritage Growth Fund (WAHGX)
  • Wasatch International Growth Fund (WAIGX)
  • Wasatch International Opportunities Fund (WAIGX)
  • Wasatch Large Cap Value Fund – Investor Class (FMIEX)
  • Wasatch Large Cap Value Fund – Institutional Class (WILCX)
  • Wasatch Long/Short Fund – Investor Class (FMLSX)
  • Wasatch Long/Short Fund – Institutional Class (WILSX)
  • Wasatch Micro Cap Value Fund (WAMVX)
  • Wasatch Small Cap Growth Fund (WAAEX)
  • Wasatch Strategic Income Fund (WASIX)
  • Wasatch Ultra Growth Fund (WAMCX)
  • Wasatch World Innovators Fund (WAGTX)
  • Wasatch-1st Source Income Fund (FMEQX)
  • Wasatch-Hoisington U.S. Treasury Fund (WHOSX)

Note: If you owned any other Wasatch fund during 2013, you will not receive a Form 1099-DIV because the remaining Wasatch funds did not have a distribution in 2013.

Tax Gains/Losses

If you sold or exchanged shares of any Wasatch fund during 2013, you can download a PDF of the 1099-B and Cost Basis statement for your account through your online account access; they will be available on the site no later than February 15, 2014.   The paper copies of the 1099-B and Cost Basis statement may not arrive at your address by U.S. Mail until a few days after February 15.

Foreign Tax Credit Information

The following Funds have elected to pass through foreign taxes paid to shareholders during 2013.

  • Wasatch Emerging Markets Select Fund – Investor Class (WAESX)
  • Wasatch Emerging Markets Select Fund - Institutional Class (WIESX)
  • Wasatch Frontier Emerging Small Countries Fund (WAFMX)

Please visit www.wasatchfunds.com/taxcard for information necessary to claim either a tax credit or itemized deduction including foreign source income factors. The amount reported in box 6 of your 2013 Form 1099-DIV represent the amount of foreign taxes paid by the mutual fund. Please consult with your tax advisor about claiming a credit or itemized deduction.

Tax Exempt Dividends

If you owned one or more of the below funds during 2013, you should be aware that interest on some securities held in these funds may be exempt from state and local taxation:

  • Wasatch-Hoisington U.S. Treasury Fund (WHOSX)
  • Wasatch-1st Source Income Fund (FMEQX)
  • WA-Federated Money Market Account (ACMXX)

Please visit www.WasatchFunds.com/taxcard for a breakdown of the percentage of total ordinary dividends you received that were attributable to interest on these U.S. government and government agency securities.  This information will not be sent via mail or posted to your online account.

Additional Tax Time Help related to retirement accounts (IRAs, 403(b)s) and education savings accounts is available on WasatchFunds.com by clicking here. If after reading through these materials, you have any questions or comments, please feel free to contact Shareholder Service at (800) 551-1700 Monday through Friday, from 7:00 a.m. to 7:00 p.m. CT, and a representative will be happy to assist you.

This tax notice is provided as information only and should not be construed as tax advice.  For any other tax related questions, please visit the IRS website at www.IRS.gov or contact your tax advisor.