The Wasatch Micro Cap Fund primarily allocates its capital, with at least 80% of its net assets (plus any borrowed funds for investment) directed towards equity securities, typically common stock, issued by micro-capitalization companies. The fund defines a micro-cap company as one whose market valuation, at the point of purchase, falls below the higher figure of either $1.5 billion or the market capitalization of the largest company included in the Russell Microcap® Index. Additionally, up to 30% of its total assets can be invested in shares of foreign companies when initially acquired.
