Wasatch Long/Short Fund (FMLSX)  Invest in this Fund 

Investor Class | Institutional Class
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The Wasatch Long/Short Fund focuses on providing potentially better risk-adjusted returns and potentially lower volatility.

About This Fund

Current Share Price (NAV):$16.45 as of 04/24/14
0.43% (Daily % Change)
Net Assets:$1,825.0 (million) as of 04/24/14
Expense Ratio:Gross 1.51% / Net 1.51%
(1.28% excluding dividend expenses for short sales.)
Sales Charge:None—this is a no-load fund
Investment Minimum:$2,000

Average Annual Total Returns

as of 03/31/14
Long/Short Fund9.63%13.84%6.92%7.07%
S&P 500 Index21.86%21.16%7.42%8.35%
Citigroup U.S. Domestic 3-Month Treasury Bills Index0.05%0.09%1.56%1.53%

Growth of a Hypothetical $10,000 Investment

Long/Short Fund $19,524.00
S&P 500 Index $20,453.00
3/31/2004 to 3/31/2014

Data shows past performance, which is not indicative of future performance. Current performance may be lower or higher than the data quoted. To obtain the most recent month-end performance data available, please click on the “Performance” tab of the individual fund under the “Our Funds” section. The Advisor may absorb certain Fund expenses, without which total return would have been lower. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

Wasatch Funds will deduct a 2.00% redemption proceeds fee on Fund shares held 60 days or less. Performance data does not reflect the deduction of fees or taxes, which if reflected, would reduce the performance quoted. For more complete information including charges, risks and expenses, read the prospectus carefully.

Wasatch Funds are subject to risks, including loss of principal.

Short sale of securities involves the risk that losses may exceed the original amount invested. Equity investing involves risks, including potential loss of the principal amount invested.

The Fund is non-diversified, meaning it can invest a larger portion of its assets in the stocks of a limited number of companies than a diversified fund.  Non-diversification increases the risk of loss to the Fund if the values of these securities decline.

The S&P 500 Index represents 500 of the United States’ largest stocks from a broad variety of industries. The Index is unmanaged, and a common measure of common stock total return performance.  The Citigroup Three-Month U.S. Treasury Bills Index tracks the performance of U.S. Treasury bills with a remaining maturity of three months. U.S. Treasury bills, which are short-term loans to the U.S. government, are full-faith-and-credit obligations of the U.S. Treasury and are generally regarded as being free of any risk of default.  

You cannot invest directly in indexes.

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