3 / 5 Stars
3 2 5 5 3
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#40 in Mid-Cap Growth
U.S. News evaluated 217 Mid-Cap Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 28.53 percent over the past year, 15.18 percent over the past three years, and 17.31 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||24.5%|
|3 Years (Annualized)||15.2%|
|5 Years (Annualized)||17.3%|
|10 Years (Annualized)||N/A|
Wasatch Heritage Growth has yet to prove itself.
As of November 05, 2013, the fund has assets totaling almost $125.20 million invested in 44 different holdings. Its portfolio consists primarily of shares of large and mid-sized companies.
Lately, this fund has been overweight to tech companies. As of the end of the first quarter, tech companies accounted for 28 percent of the fund's portfolio. That's nearly as high as that number has been in the past three years for the fund. So far in 2011, it's also led to some disappointing results. Notably, the fund's positions in Amphenol Corporation, Linear Technology, and Cognizant Technology Solutions have been weighing on its performance.
Since this fund's 2004 launch, its performance has been somewhat disappointing. In particular, it has finished four of its six full calendar years in the bottom 30 percent of its Morningstar category. Investors, to be sure, have benefitted somewhat from the fund's competitively cheap expense ratio and low turnover ratio. Still, that hasn't been enough to make up for shoddy relative performance. The fund has returned 28.53 percent over the past year, 15.18 percent over the past three years, and 17.31 percent over the past five years.
According to the fund's prospectus: "We focus on companies that we consider to be high quality, and we use a process of 'bottom up' fundamental analysis to look for individual companies that we believe are stable and have the potential to grow steadily for long periods of time. Our analysis may include studying a company's financial statements, building proprietary financial models, visiting company facilities, and meeting with executive management, suppliers and customers."
Role in Portfolio
Morningstar calls the fund a "supporting player."
Christopher Bowen and Ryan Snow manage the fund.
Wasatch Heritage Growth Fund has an expense ratio of 0.95 percent.
Like all stock funds, this one comes with some risks.