Wasatch Frontier Emerging Small Countries Fund

Class Inv (WAFMX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 7.38 0.0 7.38
Stocks 1.43 0.0 1.43
Bonds 0.0 0.0 0.0
Other 1.07 0.0 1.07
Foreign Bonds 4.81 0.0 4.81
Foreign Stocks 85.31 0.0 85.31
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Nestle Nigeria PLC NSTL --- 3.63
Safaricom Ltd. SCOM --- 3.38
Viet Nam Dairy Products Joint Stock Company VNM --- 3.32
East African Breweries Ltd. EABL --- 2.9
Nigerian Breweries PLC NIBR --- 2.64
Zenith Bank PLC ZENITH --- 2.3
Société des Brasseries du Maroc SA SBM --- 2.27
Kuwait Food Co FOOD --- 2.0
Mtn Group Limited MTNOF -14.02 1.82
Juhayna Food Industries JUFO.CA --- 1.82