Wasatch International Opportunities Fund Wins Another Lipper Fund Award

For the second year in a row, the Wasatch International Opportunities Fund (WAIOX) has been awarded a Lipper Fund Award. The 2011 Lipper Fund Award designates the Fund as the #1 International Small/Mid-Cap Growth Fund based on consistent (risk-adjusted) return for the five years ended 12/31/10 (out of 67 funds).

The Wasatch International Opportunities Fund is focused primarily on lesser known micro cap companies (under $1B in market capitalization) in foreign developed and emerging markets. Portfolio managers Blake Walker and Roger Edgley launched the Fund six years ago and continue as the Fund’s lead managers today.

Also recognized with a 2011 Lipper Fund Award was the Wasatch International Growth Fund (WAIGX) as the #1 International Small/Mid-Cap Growth Fund based on consistent (risk-adjusted) return for the three years ended 12/31/10 (out of 75 funds). The Wasatch International Growth Fund invests primarily in smaller cap growth companies (under $5B in market capitalization) in foreign developed and emerging markets. The Fund is eight years old and is also managed by Roger Edgley.

"We think there’s something special about the international small cap space,” said Roger Edgley, Director of International Research at Wasatch. "It is fertile ground as we search for the World’s Best Growth Companies (WBGC)^™. The Wasatch hands on, collaborative investment approach works really well to uncover what we believe to be better, and lesser known, investment opportunities.”

Click on the following link to read the recent Wasatch White Paper: Think International, Think Small discussing why international small and micro cap stocks may be poised to continue outperforming.

About Wasatch Advisors

Wasatch Advisors is the investment manager to Wasatch Funds^®, a family of no-load mutual funds, as well as separately managed institutional and individual portfolios. Wasatch Advisors pursues a disciplined approach to investing, focused on bottom-up, fundamental analysis to develop a deep understanding of the investment potential of individual companies. The Portfolio Managers employ a uniquely collaborative process to leverage the knowledge and skill of the entire Wasatch Advisors research team in making investment decisions. Wasatch Advisors is an employee-owned investment adviser founded in 1975 and headquartered in Salt Lake City, Utah.

The objective of both WAIOX and WAIGX is long-term growth of capital. As of 12/31/10, WAIOX had a 3-year annualized return of -0.03%.

Mutual fund investing involves risks and loss of principal is possible. Investing in small or micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. Investing in foreign securities, especially in emerging markets, entails special risks such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit www.wasatchfunds.com or call 800.551.1700. Please read it carefully before investing.

The Lipper Fund Awards are awarded annually to the highest Lipper Leader for Consistent Return (risk-adjusted) value within each eligible fund classification over a three, five, or ten year period. Lipper award designations are not intended to constitute investment advice or predict future results, and Lipper does not guarantee the accuracy of this information. Past performance is not indicative of future results.

Wasatch Advisors defines the World’s Best Growth Companies (WBGCs) as companies that we believe possess an identifiable, sustainable competitive advantage, are well managed, undervalued and are producing above average earnings growth relative to their industry and country of origin.

©2011 Wasatch Funds, All rights reserved. Wasatch Funds are distributed by ALPS Distributors, Inc (ADI). Separately Managed Accounts and related investment advisory services are provided by Wasatch Advisors, a federally regulated Investment Advisor. ADI is not affiliated with Wasatch Advisors. Eric Huefner is a registered representative of ADI. WAS002257 4/1/2012