Wasatch Ultra Growth Fund Q1 2025 Commentary

2025-05-21 10:19:00 ET

Summary

• The Wasatch Ultra Growth Fund—Investor Class underperformed the benchmark with a return of -14.81%.
• Consumer discretionary was one of the worst-performing components of the Index as a slide in consumer confidence sparked worries of a retrenchment by U.S. households.
• In the current risk off environment where many stocks are lower today than where they were at the start of the year, we have to respect price movement and try to discern negative sentiment from deteriorating fundamentals.

OVERVIEW

U.S. equities headed broadly lower during the first quarter as early optimism about the incoming presidential administration gave way to concerns about economic fallout from higher import tariffs and cuts to government spending. The benchmark Russell 2000® Growth Index was down -11.12% for the quarter. The Wasatch Ultra Growth Fund—Investor Class underperformed the benchmark with a return of -14.81%....

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