Fund Evaluator:
Wasatch-Hoisington US Treasury (WHOSX)
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Fund Details
Wasatch-Hoisington US Treasury Overview
Wasatch-Hoisington US Treasury (WHOSX) is an actively managed Taxable Bond Long Government fund. Wasatch launched the fund in 1986.
The investment seeks to provide a rate of return that exceeds the rate of inflation over a business cycle by investing in U.S. Treasury securities with an emphasis on both income and capital appreciation. The fund typically invests at least 90% of the fund's total assets in U.S. Treasury securities and in repurchase agreements collateralized by such securities. The adviser adjusts the average maturity and effective duration of the fund's portfolio based on HIMCO's assessment of multi-year trends in national and international economic conditions.
About Wasatch-Hoisington US Treasury (WHOSX)
There are 3 members of the management team with an average tenure of 16.92 years: Van Hoisington (1996), Van Hoisington (2016), David Hoisington (2016). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Wasatch-Hoisington US Treasury has 4 securities in its portfolio. The top 10 holdings constitute 97.4% 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-Hoisington US Treasury is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Wasatch-Hoisington US Treasury has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.4% (97.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Wasatch-Hoisington US Treasury has 2.6% of the portfolio in cash.
Assets Under Management
The fund has $107 million in total assets, which is below the $1 billion average for the Long Government 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.
WHOSX 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-Hoisington US Treasury expense ratio is above average compared to funds in the Long Government category. Wasatch-Hoisington US Treasury has an expense ratio of 0.73%, which is 42% lower 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-Hoisington US Treasury has a portfolio turnover rate of 4%, indicating that holds its assets around 0.3 years. By way of comparison, the average portfolio turnover is 121% for the Long Government category.
Recently, in the month of June 2026, Wasatch-Hoisington US Treasury returned 0.2%, which earned it a grade of F, as the Long Government category had an average return of 1.0%. 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-Hoisington US Treasury has a trailing yield of 3.98%, which is below the 4.22% 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-Hoisington US Treasury Grades
Year to date, the fund has returned -0.9%, 1.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 0.2% over the past year (grade of F), -4.0% over the past three years (grade of F) and -8.7% per year over the past five years (grade of F) and -3.1% per year over the past 10 years (grade of F).
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WHOSX 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 |
|
| WHOSX Return (NAV) | 0.2% | 0.7% | 0.2% | -4.0% | -8.7% | -3.1% |
| WHOSX Grade | F | F | F | F | F | F |
| +/- Category | -0.8% | -0.1% | -2.7% | -4.1% | -4.0% | -1.8% |
| Long Government Avg | 1.0% | 0.8% | 2.9% | 0.1% | -4.8% | -1.3% |
| WHOSX Tax Cost Ratio | na | na | 1.6% | 1.5% | 1.2% | 1.3% |
WHOSX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WHOSX Return (NAV) | -0.9% | 2.3% | -10.9% | 1.4% | -34.1% | -4.9% | 20.1% | 17.1% | -3.8% | 10.5% | 0.5% |
| WHOSX Grade | F | F | F | F | F | D | A | A | F | A | F |
| +/- Category | -1.3% | -4.0% | -5.0% | -1.8% | -8.9% | -0.9% | 5.4% | 4.7% | -2.2% | 2.9% | -0.8% |
| Long Government Avg | 0.4% | 6.3% | -6.0% | 3.2% | -25.3% | -4.1% | 14.7% | 12.5% | -1.7% | 7.5% | 1.3% |
| Risk Measures | |
| Standard Deviation: | 15.6% |
| Total Risk Index: | 1.28 - Above Average |
| Category Risk Index: | 1.21 - High |
| Category Risk Grade: | F (82% Rank) |
| Beta: | 2.67 |
| R-Squared: | 91% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $107 Mil |
| Fund Total Assets: | $ 108 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 4% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 29.9 years | |||
| Average Tenure: 16.9 years | |||
| Managers (Year): Hoisington Van (1996), Hoisington Van (2016), Hoisington David (2016) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 97.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 97.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.6% |
Purchase Information
| Fund Family: | Wasatch |
| Phone Number: | 800-551-1700 |
| Website: | www.wasatchfunds.com |
| Status: | Open |
| Inception Date: | December 8, 1986 |
| 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 (%): | 0.73% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.25% |
| Share Class: | Wasatch-Hoisington US Treasury |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
