Fund Evaluator:
Wasatch Emerging India Investor (WAINX)
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Best Performing in India Equity Over the Last Year
| -8.0% | Matthews India Investor (MINDX) |
| -11.1% | Wasatch Emerging India Investor (WAINX) |
| -13.9% | Kotak India Equity Fund Class I (INDIX) |
| -14.2% | Kotak India Equity Fund Class Investor (INDAX) |
| -15.6% | Q India Equity Investor (QINRX) |
Fund Details
Wasatch Emerging India Investor Overview
Wasatch Emerging India Investor (WAINX) is an actively managed International Equity India Equity fund. Wasatch launched the fund in 2011.
The investment seeks long-term growth of capital. The fund invests primarily in companies tied economically to India. It will invest at least 80% of the fund's net assets (plus borrowings for investment purposes) in the equity securities, typically common stock, of companies of all market capitalizations tied economically to India. It may invest a large percentage of its assets in a few sectors. These sectors were financials, health care, industrials, information technology, consumer discretionary, and materials. It is non-diversified.
About Wasatch Emerging India Investor (WAINX)
There are 3 members of the management team with an average tenure of 5.67 years: Lakshman Venkitaraman (2026), Justin Weaver (2025), Ajay Krishnan (2011). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI India IMI NR USD index with a weighting of 100%. Wasatch Emerging India Investor has 27 securities in its portfolio. The top 10 holdings constitute 59.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Wasatch Emerging India Investor is part of the Equity global asset class and is within the International Equity fund group. Wasatch Emerging India Investor has 100.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 100.0% 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 Emerging India Investor has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $147 million in total assets, which is above the $65 million average for the India Equity 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.
WAINX 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 Emerging India Investor expense ratio is high compared to funds in the India Equity category. Wasatch Emerging India Investor has an expense ratio of 1.51%, which is 18% higher than its category average, making the fund expense ratio grade a F. 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 Emerging India Investor has a portfolio turnover rate of 34%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 34% for the India Equity category.
Recently, in the month of June 2026, Wasatch Emerging India Investor returned 10.7%, which earned it a grade of A, as the India Equity category had an average return of 3.6%. 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 Emerging India Investor has a trailing yield of 0.00%, which is below the 1.43% category average. The fund normally distributes its income annually 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 Emerging India Investor Grades
Year to date, the fund has returned -0.2%, 7.4 percentage points better than the category, which translates into a grade of B. The fund has returned -11.1% over the past year (grade of B), 4.3% over the past three years (grade of C) and 3.6% per year over the past five years (grade of B) and 10.1% per year over the past 10 years (grade of A).
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WAINX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WAINX Return (NAV) | 10.7% | 23.1% | -11.1% | 4.3% | 3.6% | 10.1% |
| WAINX Grade | A | A | B | C | B | A |
| +/- Category | 7.1% | 12.2% | 1.0% | -0.0% | 0.4% | 2.6% |
| India Equity Avg | 3.6% | 10.9% | -12.0% | 4.4% | 3.2% | 7.4% |
| WAINX Tax Cost Ratio | na | na | 5.4% | 3.4% | 2.3% | 1.5% |
WAINX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WAINX Return (NAV) | -0.2% | -5.5% | 9.4% | 20.8% | -21.7% | 37.5% | 17.6% | 13.8% | -5.5% | 53.4% | 0.1% |
| WAINX Grade | B | F | F | B | D | A | A | A | A | A | F |
| +/- Category | 7.4% | -5.1% | -3.9% | 4.1% | -4.8% | 11.3% | 2.6% | 5.6% | 5.3% | 10.8% | -2.1% |
| India Equity Avg | -7.7% | -0.4% | 13.3% | 16.7% | -16.9% | 26.3% | 15.1% | 8.2% | -10.8% | 42.6% | 2.2% |
| Risk Measures | |
| Standard Deviation: | 18.0% |
| Total Risk Index: | 1.48 - High |
| Category Risk Index: | 1.19 - High |
| Category Risk Grade: | F (100% Rank) |
| Beta: | 0.58 |
| R-Squared: | 20% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $273 Mil |
| Fund Total Assets: | $ 147 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 15.2 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Krishnan Ajay (2011), Weaver Justin (2025), Venkitaraman Lakshman (2026) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 59.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 100.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Wasatch |
| Phone Number: | 800-551-1700 |
| Website: | www.wasatchfunds.com |
| Status: | Open |
| Inception Date: | April 26, 2011 |
| 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 (%): | 1.51% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.28% |
| Share Class: | Wasatch Emerging India Investor |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
