Wasatch-Hoisington U.S. Treasury Fund® (WHOSX)

Sub-advised by Hoisington Investment Management

Van R. Hoisington, V.R. Hoisington Jr. and David Hoisington

Wasatch Funds cooperates with Hoisington Investment Management Company (HIMCO), a registered investment advisor and the sub-advisor to the Wasatch-Hoisington U.S. Treasury Fund. Learn more about HIMCO and what the fund manager Van R. Hoisington brings to this fund.

Van R. Hoisington
Fund Tenure:	22 years
Industry Experience:	43 years
	• Chief Executive Officer and Chairman of the Strategic Investment Committee, Hoisington Investment Management Co.
	• Executive Vice President, Texas Commerce Bancshares
	• Executive Trust Officer, Texas Commerce Bank
	• Senior Investment Officer, Texas Commerce Bank, Trust Department
	• Vice President and Economist, United California Bank
Education:	Fort Hays Kansas University, M.S. in Business University of Kansas, B.A. in Business
Using years of banking and investment experience, Van Hoisington opened his own firm, Hoisington Investment Management Company (HIMCO) in 1980. Specializing in providing investment management services for individuals, pension and profit-sharing plans, trusts and estates, charitable organizations and corporations, and other business entities, HIMCO is the sub-advisor to the Wasatch-Hoisington U.S. Treasury Fund. As the manager of this fund, Van is able to turn to his background as an investment officer, trust officer, and economist for major banking institutions in Texas and California. Today he works to help our U.S. Treasury Fund achieve a rate of return that exceeds the rate of inflation over a business cycle. Learn more about the experience of the Wasatch Research Team

V.R. Hoisington Jr.
Fund Tenure:	2 years
Industry Experience:	26 years
	• President, COO, CCO, Hoisington Investment Management Co.
Education:	University of Colorado, M.B.A University of Colorado, B.A.
Van R. Hoisington, Jr., “V.R.” has been a portfolio manager for the Wasatch-Hoisington U.S. Treasury Fund since 2016. V.R. joined Hoisington Investment Management Co. in 1992, and currently serves as President, Chief Operating Officer, Chief Compliance Officer, and member of the Strategic Investment Committee. V.R. earned his Bachelor of Arts from the University of Colorado, Boulder and a Master of Business Administration (Finance) also from the University of Colorado. He began his career at Greenwich Capital Management, a primary dealer of government securities, in Greenwich, Connecticut. At Greenwich, V.R. worked in various departments, gaining experience in securities trading and sales and marketing, and actively participated in the auctioning of government securities and the management of back office operations. Learn more about the experience of the Wasatch Research Team

David Hoisington
Fund Tenure:	2 years
Industry Experience:	27 years
	• Executive VP, Vice Chairman, Strategic Investment Committee, Hoisington Investment Management Co.
Education:
David Hoisington has been a portfolio manager for the Wasatch Hoisington U.S. Treasury Fund since 2016. David joined Hoisington Investment Management Co. in 1990, and currently serves as Executive Vice President and Vice Chairman of the Strategic Investment Committee. David worked with Andersen Consulting where he designed, tested and installed custom management information systems for major corporations and supervised and evaluated project team members. David also completed intensive training in the fixed income and equity departments of Goldman Sachs and J.P. Morgan. Learn more about the experience of the Wasatch Research Team

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.