Fund Evaluator:
Wasatch Global Value Investor (FMIEX)
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Best Performing in Global Large-Stock Value Over the Last Year
| 56.1% | Vanguard Global Capital Cycles Investor (VGPMX) |
| 42.0% | LSV Global Value Investor (LVAGX) |
| 41.4% | AMG Yacktman Focused N (YAFFX) |
| 40.1% | Polaris Global Value (PGVFX) |
| 35.3% | T. Rowe Price Glbl Val Eq (TRGVX) |
Fund Details
Wasatch Global Value Investor Overview
Wasatch Global Value Investor (FMIEX) is an actively managed International Equity Global Large-Stock Value fund. Wasatch launched the fund in 1996.
The investment seeks capital appreciation and income. Under normal market conditions, the fund will invest its net assets primarily in the equity securities of foreign and domestic companies of all market capitalizations. It will typically invest in securities issued by companies domiciled in at least three countries, including the United States. The fund will invest a significant portion of its total assets in companies domiciled in foreign countries.
About Wasatch Global Value Investor (FMIEX)
There are 2 members of the management team with an average tenure of 7.62 years: David Powers (2013), Nakul Chaturvedi (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI ACWI Value NR USD index with a weighting of 100%. Wasatch Global Value Investor has 41 securities in its portfolio. The top 10 holdings constitute 34.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Wasatch Global Value Investor is part of the Equity global asset class and is within the International Equity fund group. Wasatch Global Value Investor has 42.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.8%. There is 42.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Wasatch Global Value Investor has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $146 million in total assets, which is below the $503 million average for the Global Large-Stock Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FMIEX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Wasatch Global Value Investor expense ratio is high compared to funds in the Global Large-Stock Value category. Wasatch Global Value Investor has an expense ratio of 1.10%, which is 5% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Wasatch Global Value Investor has a portfolio turnover rate of 24%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.
Recently, in the month of July 2026, Wasatch Global Value Investor returned 6.2%, which earned it a grade of A, as the Global Large-Stock Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Wasatch Global Value Investor has a trailing yield of 1.82%, which is above the 1.78% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Wasatch Global Value Investor Grades
Year to date, the fund has returned 18.4%, 5.8 percentage points better than the category, which translates into a grade of A. The fund has returned 32.5% over the past year (grade of A), 19.6% over the past three years (grade of B) and 13.4% per year over the past five years (grade of A) and 11.6% per year over the past 10 years (grade of A).
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FMIEX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FMIEX Return (NAV) | 6.2% | 3.8% | 32.5% | 19.6% | 13.4% | 11.6% |
| FMIEX Grade | A | D | A | B | A | A |
| +/- Category | 3.3% | -1.4% | 8.2% | 3.2% | 2.8% | 1.4% |
| Global Large-Stock Value Avg | 2.9% | 5.2% | 24.4% | 16.5% | 10.6% | 10.3% |
| FMIEX Tax Cost Ratio | na | na | 1.6% | 1.8% | 2.0% | 2.2% |
FMIEX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FMIEX Return (NAV) | 18.4% | 30.9% | 8.7% | 5.7% | 0.0% | 25.1% | 2.0% | 17.3% | -5.5% | 11.2% | 16.7% |
| FMIEX Grade | A | A | D | F | A | A | D | F | A | F | A |
| +/- Category | 5.8% | 6.9% | -1.0% | -9.1% | 9.1% | 6.1% | -2.1% | -5.7% | 4.8% | -7.5% | 7.2% |
| Global Large-Stock Value Avg | 12.6% | 24.1% | 9.7% | 14.7% | -9.1% | 19.1% | 4.1% | 22.9% | -10.3% | 18.7% | 9.5% |
| Risk Measures | |
| Standard Deviation: | 11.4% |
| Total Risk Index: | 0.93 - Average |
| Category Risk Index: | 0.98 - Average |
| Category Risk Grade: | C (49% Rank) |
| Beta: | 0.55 |
| R-Squared: | 37% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $174 Mil |
| Fund Total Assets: | $ 146 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 24% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.0 years | |||
| Average Tenure: 7.6 years | |||
| Managers (Year): Powers David (2013), Chaturvedi Nakul (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 34.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 42.4% |
Portfolio Allocation |
|
| Domestic Stock: | 56.8% |
| Foreign Stock: | 42.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.8% |
Purchase Information
| Fund Family: | Wasatch |
| Phone Number: | 800-551-1700 |
| Website: | www.wasatchfunds.com |
| Status: | Open |
| Inception Date: | September 25, 1996 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $2,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.10% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Wasatch Global Value Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
