Summary

• Wasatch Global Value Fund—Investor Class weathered the volatility well and gained 8.10% in the first quarter of 2026, notably outperforming the MSCI AC (All Country) World Value Index which returned 1.17%.
• Global equities generally moved higher for much of the first two months of the quarter.
• Contributions to the Fund's performance relative to the benchmark were led by our selection of holdings within the health-care, communication-services and energy sectors, while real estate was the only slight detractor in terms of sector positioning.

Overview

Global equities generally moved higher for much of the first two months of the quarter. However, late-February marked a shift in investor sentiment as the launch of the U.S./Israel versus Iran conflict led to a