Wasatch Long/Short Alpha Fund Institutional Class · NASDAQ:WGLSX
Wasatch Long/Short Alpha Fund Institutional Class — Wasatch Global Investors — Investor Presentation (October 2026)
8 slides from Wasatch Long/Short Alpha Fund Institutional Class's investor presentation, October 2026
Slide 1: U.S. Market Barometer as of 9/30/26
U.S. Market Barometer as of 9/30/26 3Q26 YTD Value Core Growth Value Core Growth Large 2.61 1.80 0.92 Large 19.27 12.30 6.30 Mid -1.98 -3.00 -5.84 Mid 15.25 11.84 1.01 Small -4.91 -7.23 -9.39 Small 16.96 13.71 10.71 Lower Return 0 Higher Return Source: eVestment. Data as of 9/30/2026. The shading of
Slide 2: Low-Quality Underperformed in Q3; High-Quality Flat
Low-Quality Underperformed in Q3; High-Quality Flat Quality Factor Quintile Returns - 3Q26 0 -0.3 -2.7 -3.4 -5 -6.5 -10 -9.6 -15 Q1 Q2 Q3 Q4 Q5 High Quality Low Quality Source: FactSet. Cumulative monthly performance by quintile from 6/30/2026 through 9/30/2026. The investment universe includes all
Slide 3: AI Company Returns – Speculative AI Underperformed Most
AI Company Returns – Speculative AI Underperformed Most 2Q 2026 Return - By Group 3Q 2026 Return - By Group 120% 0% 114% 100% -5% -7% 80% -10% 59% 60% -15% 40% -20% -21% 21% 20% -25% -28% 0% -30% Speculative AI Fundamental AI Russell 2000 Speculative AI Fundamental AI Russell 2000 Source: FactSet. D
Slide 4: 3Q26 Showed Very Strong Performance
3Q26 Showed Very Strong Performance Core Quarterly FY2 Sales Slippage (+/- 3%) 45% 40% 40% 35% 34% 33% 30% 25% 23% 23% 22% 21% 20% 20% 20% 20% 18% 17% 15% 15% 15% 15% 15% 14% 14% 13% 11% 12% 11% 11% 11% 10% 10% 10% 10% 10% 8% 6% 6% 6% 5% 4% 0% 0% Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24
Slide 5: Reconstitution Impacts
Reconstitution Impacts Weight Difference Average Return in 3Q 2026 Average Return in 3Q 2026 Pre vs Post Reconstitution By Current Index Companies by Graduates at Reconstitution by Sector/Industry Group Sector/Industry Group Sector/Industry Group -6.9 -12.7 -26.9 R2G -1.8 R2G -10.8 R2G -19.5 5.2 -7.
Slide 6: Wasatch Portfolios: Quality Remains Near Historic Highs
Wasatch Portfolios: Quality Remains Near Historic Highs 1.20 1.00 0.80 0.60 Z-Score 0.40 0.20 0.00 -0.20 -0.40 2015 2017 2018 2019 2020 2021 2022 2024 2025 2026 Small Cap Core Growth Small Cap Growth Small Cap Value Russell 2000 Russell 2000 Growth Russell 2000 Value Source: FactSet and Wasatch Glob
Slide 7: Wasatch Core Growth – Relative Valuation
Wasatch Core Growth – Relative Valuation 0.4 0.3 0.2 Relatively Cheap 0.1 Z-Score 0 -0.1 Relatively Expensive -0.2 -0.3 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Small Cap Core Growth vs Russell 2000 Growth Source: FactSet, Wasatch Global Investors. Data from December 31, 2015 through S
Slide 8: Disclosures
Disclosures Information in this document regarding market or economic trends or the factors influencing historical or future performance reflects opinions as of the date of this document. These statements should not be relied upon for any other purpose. Past performance is no guarantee of future res
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