The small-cap Wasatch International Growth (Trades, Portfolio) Fund, helmed by Roger Edgley, released its third-quarter portfolio Thursday, which showed the fund purchased four stocks during the period.
Wasatch International Growth (Trades, Portfolio) finds investment companies via fundamental research, choosing those they deem high quality and stable with the potential to increase earnings over time. The companies are usually in the fastest-growing sectors of their economies and have less than $5 billion market caps.
In the third quarter, Wasatch International Growth (Trades, Portfolio) delivered 6.78% returns, shy of the 6.9% return in its benchmark MSCI All Country World Index. The gain helped the return for the first nine months of the year soar to 27.3%, leading the benchmark’s 23.54% gain.
Wasatch International Growth (Trades, Portfolio) has 89 stocks in its portfolio with a value of $1.43 billion. The most-represented sector is technology, which occupies 22.8% of the portfolio. Consumer cyclical stocks form the second-biggest weighting at 15.5% of the stocks.
The five biggest new purchases the fund managers made during the third quarter were: 51job Inc. (JOBS, Financial), Yume No Machi Souzou linkai Co. Ltd. (TSE:2484, Financial), Kotobuki Spirits Co. Ltd. (TSE:2222, Financial) and WiseTech Global Ltd. (ASX:WTC, Financial).
The fund purchased 254,273 shares of the company, giving the position 1.08% of the portfolio. The stock’s third quarter share price averaged around $54.
51job Inc. has a market cap of $3.62 billion; its shares were traded around $58.57 with a P/E ratio of 90.08 and P/S ratio of 8.91. 51job Inc. had annual average earnings growth of 22.10% over the past 10 years. GuruFocus rated 51job Inc. the business predictability rank of 3-star.
Yume No Machi Souzou linkai Co. Ltd. (TSE:2484, Financial)
The fund purchased 306,725 shares of the company, giving the position 0.33% of the portfolio. The stock’s third quarter share price averaged 1,443 yen.
Yume No Machi Souzou Iinkai Co. Ltd. has a market cap of 77.05 billion yen; its shares were traded around 1,903.00 yen with a P/E ratio of 184.76 and P/S ratio of 16.23. The trailing 12-month dividend yield of Yume No Machi Souzou Iinkai Co. Ltd. is 0.17%. The forward dividend yield of Yume No Machi Souzou Iinkai Co. Ltd. is 0.37%. Yume No Machi Souzou Iinkai Co. Ltd. had annual average earnings growth of 25% over the past five years.
Kotobuki Spirits Co. Ltd. (TSE:2222, Financial)
The fund purchased 44,034 shares of the company, giving the position 0.11% of the portfolio. The stock’s third quarter share price averaged 3,754 yen.
Kotobuki Spirits Co. Ltd. has a market cap of 165.87 billion yen; its shares were traded around 5,330.00 yen with a P/E ratio of 52.49 and P/S ratio of 4.75. The trailing 12-month dividend yield of Kotobuki Spirits Co. Ltd. is 0.47%. The forward dividend yield of Kotobuki Spirits Co. Ltd. stocks is 1.03%. Kotobuki Spirits Co. Ltd. had annual average earnings growth of 17% over the past five years.
WiseTech Global Ltd. (ASX:WTC, Financial)
The fund purchased 14,913 shares of the company, giving the position 0.01% of the portfolio. The stock’s third quarter share price averaged 7.49 Australian dollars.
Wisetech Global Ltd. has a market cap of 3.57 billion Australian dollars; its shares were traded around 12.43 Australian dollars with a P/E ratio of 245.97 and P/S ratio of 31.30. The trailing 12-month dividend yield of Wisetech Global Ltd. is 0.25%. The forward dividend yield of Wisetech Global Ltd. is 0.25%.
See the portfolio of Wasatch International Growth (Trades, Portfolio) Fund here.
