Wasatch Frontier Emerging Small Countries Fund

Class Inv (WAFMX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 8.11 0.0 8.11
Stocks 0.63 0.0 0.63
Bonds 0.0 0.0 0.0
Other 0.79 0.09 0.7
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 90.56 0.0 90.56
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 03.31.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 03.31.2013

Ticker % Net Assets
Nestle Nigeria PLC NESTLE 4.22
East African Breweries Ltd. EABL 3.69
NagaCorp Ltd. 03918 3.23
Nigerian Breweries PLC NB 2.63
Ulker Biskuvi Sanayi A.S. ULKER 1.99
Shoprite Holdings Ltd SHP 1.98
Commercial Bank of Ceylon Ltd. COMB 1.96
Zenith Bank PLC ZENITHBANK 1.87
Kuwait Food Co FOOD 1.87
Universal Robina Corporation URC 1.83
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