Distributions

Record Date: 
Payment Date: 
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FUNDINCOMESHORT TERM
CAPITAL GAINS
LONG TERM
CAPITAL GAINS
TOTAL
DISTRIBUTION
Wasatch Large Cap Value Fund (Inv) $ 0.05823300$ 0.058233
Wasatch Large Cap Value Fund (Ins) $ 0.06204700$ 0.062047
Wasatch Strategic Income Fund (Inv) $ 0.11175300$ 0.111753
Wasatch-1st Source Income Fund (Inv) $ 0.01514500$ 0.015145
Wasatch-Hoisington U.S. Treasury Fund (Inv) $ 0.13585700$ 0.135857
 

About Distributions

Does Wasatch Provide Distribution Estimates? 

Wasatch anticipates posting initial year-end distribution estimates on this website for the Wasatch Funds prior to December 1, 2014, but in no case prior to the end of the Funds’ fiscal year on September 30, 2014. The estimates will be revised periodically until the final distribution amounts are determined and paid. The estimates will be updated to include the excise distribution requirements and ordinary income estimates.  The distribution amounts may change substantially due to a variety of issues such as shareholder contributions/withdrawals, recognition of capital gains/losses, equalization and identification of passive foreign investment companies.

What is a mutual fund distribution? 

When a mutual fund realizes profits from capitals gains, dividends, or interest, the IRS requires the fund to distribute these profits to shareholders at least annually. The payment is called a “distribution” to the shareholder.

Wasatch Funds aims to keep annual distributions roughly aligned with the returns for each fund. By doing this, we even out the burden of taxable distributions for our shareholders, and newer shareholders are not burdened with unrealized gains from previous years. This practice also discourages shareholders from “gaming the system,” or selling before distributions are made, and burdening other shareholders with any gains.

What are capital gains and income? 

A mutual fund can realize profits in a few ways. “Capital gain” is when a fund sells its stock holdings for a more than the purchase price.

A “Short Term Capital Gain” reflects profits on investments that were held in the fund for less than a year.

A “Long Term Capital Gain” reflects profits on investments held in the fund for longer than a year. Tax rates are usually lower for long term capital gains than short term gains.

What is the Record Date? 

The Record Date is the date at which Wasatch takes a “snapshot” to see who holds shares in a particular fund before a distribution. You must own shares by the Record Date in order to be eligible to receive a declared dividend or capital gains distribution.

What is the Payment Date? 

The Payment Date or distribution date is the day the fund actually pays the distribution to shareholders.

Why do Wasatch Funds shareholders receive a distribution? 

Mutual funds are required by the IRS to distribute substantially all realized profits to shareholders on at least an annual basis. If a fund has net gains from the sale of securities, or if it earns dividends or interest from securities, the fund must distribute those earning to its shareholders. All distributions are taxable, unless an investor’s shares are held in a tax-deferred or tax-exempt account such as an IRA. Wasatch Funds shareholders have the option to receive their distributions in cash or to automatically reinvest the distribution in the Fund.

How do distributions affect you? 

As a shareholder, you can choose to receive fund distributions in cash, or to have the distributions automatically re-invested in the fund. Whichever you choose, these distributions are taxable, unless your shares are held in a tax-deferred or tax-exempt account like an IRA. For that reason, you will receive a 1099-DIV form at the end of the year for each Wasatch Fund you own. This form indicates the amount of distributions from a fund and should be included in your income tax return.

This information is not intended to provide tax advice. Please consult a qualified tax professional for advice specific to your circumstances.

Performance data quoted represents past performance which is no guarantee of future results. Investment return will vary. An investor's shares, when redeemed, may be worth more or less than the original cost.

Mutual fund performance changes over time and current performance may be lower or higher than what is stated. To view performance current to the most recent month-end, click on the fact sheet for this fund.

An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

For an indefinite period of time, the investment adviser is waiving all or part of its fee and in addition, may reimburse the fund for all or part of its expenses. In the absence of temporary expense waivers or reimbursements, total return would have been lower.

The 7-day unsubsidized net yield represents what the yield would have been in the absence of temporary expense waivers or reimbursements. Yields will vary. Yield quotations more closely reflect the current earnings of the fund than the total return quotation. Total returns for periods of less than one year are cumulative.

For more complete information, view the prospectus . You should consider the fund's investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the fund's prospectus, which you should read carefully before investing.

As of 1/31/2011, the fund's name changed from WA-Federated Money Market Account to Wasatch-Federated Money Market Account.

All Federated domestic money market mutual funds are covered under the Treasury Department's money market guarantee program.  The Treasury's program is designed to provide coverage to shareholders for amounts held by them in all money market funds regulated by Rule 2a-7 as of the close of business on September 19, 2008. The U.S. Treasury Temporary Guarantee Program provides a guarantee to participating money market mutual fund shareholders based on the number of shares invested in the fund at the close of business on September 19, 2008.  Any increase in the number of shares an investor holds after the close of business on September 19, 2008, will not be guaranteed.  In addition, if the number of shares an investor holds fluctuates over the period, the investor will be covered for either the number of shares held as of the close of business on September 19, 2008, or the current amount, whichever is less.  The program also states that in the event a customer closes their account with a fund or broker/dealer, any future investment in the fund will not be guaranteed.  The Program expires on April 30, 2009, unless extended by the United States Treasury.

Effective January 31, 2011, the Wasatch-1st Source Long-Short Fund changed its name to the Wasatch Long-Short Fund, the Wasatch-1st Source Income Equity Fund changed its name to Wasatch Large Cap Value Fund.