Effective at the end of market trading (4:00 p.m. EST) on May 9, 2014, the Wasatch Frontier Emerging Small Countries Fund (WAFMX) will close to new investors. The Fund will remain open to existing Fund shareholders, as well as current and future clients of financial advisors and retirement plans with an established position in the Fund.
The Fund will also remain open to new and existing shareholders who purchase shares directly from Wasatch Funds.
Wasatch takes fund capacity very seriously. We monitor assets in each of our funds carefully and commit to shareholders to close funds before asset levels rise to a point that would alter our intended investment strategy. At this time we believe it is appropriate to begin limiting future access to the Frontier Emerging Small Countries Fund.
If you have any questions, please don't hesitate to call us at 800.551.1700.
Regards,
Gene Podsiadlo
Director of Mutual Funds
Wasatch Funds
Comments
Jim
All too often a fund company will give a 30-day or more advanced notice of closure. I hope this will keep the "rush to get a foothold" at a minimum!
Matt