Wasatch Strategic Income Fund® (WASIX)  Invest in this Fund 

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Managed by a team of Wasatch portfolio managers led by
Sam Stewart, CFA

Not only is Sam Stewart the President of Wasatch Funds, he’s a former professor of finance at Columbia and the University of Utah, and former Chief financial analyst for the SEC. Through his experience, he’s gained a deep understanding of the financials sector, including banks and thrifts, brokerage firms, insurance companies, and other holdings this fund invests in. See how his knowledge and background adds to the leadership of the Wasatch Strategic Income Fund.

Strategic Income
Sam Stewart
Sam Stewart, CFA
Fund Tenure: 8 years
Wasatch Tenure:38 years
• Founder and Chairman, Wasatch Advisors
• President, Wasatch Funds
• Lead Portfolio Manager, Wasatch World Innovators Fund
• Lead Portfolio Manager, Wasatch Strategic Income Fund
• Former Portfolio Manager, Wasatch Core Growth Fund
Industry Experience:38 years
• Chief financial analyst, U.S. Securities and Exchange Commission, Division of Investment Management Regulation
• Professor of finance, Columbia University Graduate School of Business
• Professor of finance, University of Utah
Education:Stanford University, M.B.A. and Ph.D.

Northwestern University, B.S. in Business Administration

Dr. Stewart founded Wasatch Advisors in 1975.  He serves as Chairman of the Board of Wasatch Advisors.  He has been the Lead Portfolio Manager for the Wasatch Strategic Income Fund since its inception in 2006, and for the Wasatch World Innovators Fund since 2008.

Prior to founding Wasatch Advisors, Dr. Stewart was chief financial analyst with the U.S. Securities and Exchange Commission in the Division of Investment Management Regulation.  He was also a professor of Finance at Columbia University’s Graduate School of Business and at the University of Utah.

Dr. Stewart received a Master of Business Administration in 1969 and a Doctorate in Finance in 1970 from Stanford University, where he held the Alfred P. Sloan, Jr. Fellowship.  Earlier, he attended Northwestern University as an Austin Scholar and graduated with a Bachelor of Science in Business Administration in 1966.  He is also a CFA charterholder.

Dr. Stewart is a member and past president of the Salt Lake City Society of Financial Analysts.  He has served as a corporate forecasting project director for the Financial Analysts Federation and has written scores of papers for professional and academic journals.

Sam is a Utah native who loves to travel the globe or to get dirty working on his family ranch in central Utah.  He stays fit by running and playing basketball, and he is an avid Utah Jazz basketball fan.

Learn more about the experience of the Wasatch Research Team

The Fund does have a concentration in the financials sector.  Investing in concentrated funds can be more volatile and loss of principal could be greater than investing in more diversified funds.  The financials sector can be significantly affected by various market factors, including the availability and cost of capital funds, changes in interest rates, the rate of corporate and consumer debt defaults, and price competition.

Investing in bonds, you are subject, but not limited to, the same interest rate, inflation and credit risk associated with the underlying bonds owned by the Fund. Return of principal is not guaranteed. Interest rate risk is the risk that a debt security’s value will decline due to changes in market interest rates. The interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. Even though some interest-bearing securities offer a stable stream of income,their prices will fluctuate with changes in interest rates. Inflation risk is the possibility that inflation will reduce the purchasing power of a currency, and subsequently reduce the value of a security or asset, and may result in rising interest rates. Inflation is the overall upward price movement of goods and services in an economy that causes the value of a dollar to decline. Credit risk is the risk that the issuer of a debt security will fail to repay principal and interest on the security when due. Credit risk is affected by the issuer’s credit status, and is generally higher for non-investment grade securities.

Investing in foreign securities, especially in emerging markets, entails special risks such as unstable currencies, highly volatile securities markets and political and social instability, which are described in more detail in the prospectus.

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