Seven Canyons World Innovators Fund (WAGTX/WIGTX)

Investment Objective

The World Innovators Fund seeks to provide long-term capital growth by investing primarily in domestic and foreign growth companies that we believe are innovators in their respective sectors or industries.

Investment Strategy

This fund pursues an aggressive investment strategy that focuses on dynamic, innovative companies. These companies are often growing rapidly and may include a large number of science and technology and health care names. The fund's strategy is designed for long-term investors who can tolerate the greater risks and volatility that are inherent with global investments in high-growth companies.

Fund Basics


  • Style:
    Global Multi-Cap Growth
  • Inception:
    12/19/2000*
  • Total Net Assets:

    $115,305,539

    as of 02/26/2020
INVESTOR CLASS
  • Symbol:
    WAGTX
  • CUSIP:
    02110A 571
  • Net Asset Value:
    $16.56
    as of 02/26/2020
  • Minimum Investment:
    $2,000
INSTITUTIONAL CLASS
  • Symbol:
    WIGTX
  • CUSIP:
    02110A 563
  • Net Asset Value:
    $16.80
    as of 02/26/2020
  • Minimum Investment:
    $100,000

Investment Characteristics

Portfolio Managers Sam Stewart and Josh Stewart leverage the research team in search of innovative companies. As we analyze these companies, we are particularly interested in companies that possess valuable intellectual property that can be used for innovation (e.g. companies that have developed proprietary or leading technologies, or who are applying new technologies to gain a competitive advantage.) We also look for these company characteristics:

  • Outstanding growth potential, that in our opinion, can increase sales and earnings significantly faster than average companies
  • Companies that are market leaders or potential market leaders in their industries
  • Superior management with substantial ownership interest
  • Superior financial characteristics and controls including high return on capital, strong cash flow, and low use of debt
  • Securities that we believe are rationally priced

Quick Links

Fund Managers

Josh StewartJosh Stewart is the lead Portfolio Manager of the Seven Canyons World Innovators Fund. Previously to joining Seven Canyons Josh worked as a Portfolio Manager and Senior Analyst at Wasatch Advisors and as an Analyst at Sidoti & Company.  Under Sam and Josh’s management, the World Innovators Fund received the 2018 Lipper Fund Award for best Global Multi-Cap Growth fund for the 10 year period ending 2018.
 
 
 
Sam StewartSam Stewart Sam Stewart is the lead Portfolio Manager of the Seven Canyons Income Fund and a Portfolio Manager on the Seven Canyons World Innovators Fund.  He was also the founder of Wasatch Advisors and over his 43-year tenure at Wasatch he helped build the company into an internationally known brand in global small-cap investing with assets of over $17 billion as of March 31, 2018.
 

 

Spencer Stewart is a Portfolio Manager and Founding Partner of Seven Canyons Advisors. Prior to Seven Canyons, he worked at Grandeur Peak Funds as a senior research analyst, and as portfolio manager of the Grandeur Peak Emerging Opportunities Fund, the Grandeur Peak International Opportunities Fund, and the Grandeur Peak Global Reach Fund.

  • Monthly Performance

    As of 1/31/201 Month3 MonthYTD1 Year3 Year5 Year10 Year
    World Innovators Fund Retail Class (WAGTX)
    0.466.830.4611.7711.7110.4112.42
    World Innovators Fund Institutional Class (WIGTX)
    0.516.920.5112.0111.9610.6312.53
    MSCI ACWI IMI ex USA Small Cap Index-3.123.36-3.129.987.146.456.79
    MSCI ACWI IMI Index-1.324.72-1.3215.3010.608.399.22
    Strategic Income Fund (WASIX)-1.962.92-1.9611.017.774.7910.44
    S&P 500 Index-0.046.72-0.0421.6814.5412.3713.97
    MSCI ACWI Index-1.104.88-1.1016.0411.038.519.15
    Bloomberg Barclays US Aggregate Bond Index1.921.801.929.644.623.013.79
    *3, 5, and 10 year data is annualized

  • Quarterly Performance

    As of 12/31/191 Month3 MonthYTD1 Year3 Year5 Year10 Year
    World Innovators Fund Retail Class (WAGTX)
    2.979.8720.4220.4212.809.3011.92
    World Innovators Fund Institutional Class (WIGTX)
    2.939.8620.6020.6013.059.5012.03
    MSCI ACWI IMI Index3.559.0526.3526.3512.098.348.91
    Strategic Income Fund (WASIX)3.488.6422.2922.299.224.4610.29
    S&P 500 Index3.029.0731.4931.4915.2711.7013.56
    MSCI ACWI Index3.528.9526.6026.6012.448.418.79
    Bloomberg Barclays US Aggregate Bond Index-0.070.188.728.724.033.053.75
    *3, 5, and 10 year data is annualized

Data shows past performance. Past performance is not indicative of future performance and current performance may be lower or higher than the data quoted. For the most recent month-end performance data, visit www.sevencanyonsadvisors.com. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost. The Advisor may absorb certain Fund expenses, leading to higher total shareholder returns. Seven Canyons Advisors, LLC, the Fund’s investment adviser (the “Adviser”), has contractually agreed to limit the amount of the Fund’s total annual fund operating expenses. Total Expense Ratio: Gross 1.94%; Net 1.75%. This agreement is in effect through September 10, 2020, and may only be terminated before then by the Board of Trustees, and is reevaluated on an annual basis.

*The Fund was organized as a successor to the Wasatch World Innovators Fund (the "Predecessor Fund"), a series of Wasatch Funds Trust. The Predecessor Fund was reorganized with and into the Fund on September 10, 2018.

All investing involves risk. Investments in securities of foreign companies involve additional risks, including less liquidity, currency-rate fluctuations, political and economic instability and differences in financial reporting standards and securities market regulation. Investing in small and micro-cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. Click this link to obtain a Prospectus, which contains this and other information, or call us at +1 (833) 722-6966. Read the prospectus carefully before investing.

© 2020 Seven Canyons. All rights reserved. Seven Canyons Funds are distributed by ALPS Distributors, Inc. (ADI).