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Wasatch to Keep Ultra Growth Fund Open

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July 17 — The Wasatch Funds:Ultra Growth Fund (WAMCX) will remain open to new investors, according to papers filed with the SEC yesterday. As reported, Wasatch Advisors earlier said it would close the fund to new investors on July 17.

Managed by Karey Barker and Ajay Krishnan, the Ultra Growth Fund currently has net assets of about $294 million, falling from a figure of about $328 million as of June 28.

The fund declined 25.54% year-to-date through July 16, after gaining 18.26% in calendar 2001. For the three years ended in May, Ultra Growth returned 21.2% annualized, versus 2.5% for the average small-cap growth fund.

In addition, Wasatch said three of its other funds, Wasatch Funds:Core Growth Fund (WGROX), Wasatch Funds:Micro Cap Fund (WMICX), and Wasatch Funds:Small Cap Value Fund (WMCVX), will open again to existing shareholders only.