In separate Q1 2026 commentaries, Wasatch’s international equity funds discuss their portfolio positioning and outlook within an ongoing emerging-market investment framework. The Wasatch International Growth Fund commentary outlines how the fund approaches global growth opportunities during the quarter, including how it evaluates companies, industries, and broader market conditions. The Wasatch Frontier Emerging Small Countries Fund commentary addresses the frontier and smaller-country emerging markets focus of that strategy, describing how it seeks exposure to growth in less-developed markets and how it assesses risks and opportunities across regions.
Across both commentaries, the funds present a management perspective on quarter performance drivers, portfolio construction, and market environment, emphasizing investment selection and ongoing review of holdings rather than a single-event narrative. However, the provided excerpts do not include specific figures such as returns, benchmark comparisons, top holdings, sector tilts, or detailed transaction activity. As a result, the common elements that can be stated reliably from the available information are limited to the issuance of Q1 2026 manager commentary for these two strategies and their continued thematic focus on international growth and frontier emerging small countries.