Sam Stewart and Josh Stewart to Join Seven Canyons Advisors, LLC

    SALT LAKE CITY, UT, April 03, 2018 /24-7PressRelease/ -- Seven Canyons Advisors, LLC announces that Sam Stewart, Chairman and Founder of Salt Lake City-based Wasatch Advisors and Josh Stewart, Portfolio Manager at Wasatch Advisors, plan to join Seven Canyons later this year.

In addition, the funds' board of trustees and management at Wasatch Advisors has approved a plan to transfer the two Wasatch funds currently managed by Sam and Josh, the Wasatch World Innovators Fund (WAGTX) and the Wasatch Strategic Income Fund (WASIX), into two new funds managed by Seven Canyons where they will maintain current objectives and strategies. Their new names will be Seven Canyons World Innovators Fund and Seven Canyons Strategic Income Fund. Shareholders are not expected to experience a taxable transaction under the plan of merger that was approved.

During Sam Stewart's 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. Sam Stewart manages the Wasatch Strategic Income Fund. Josh Stewart is the lead portfolio manager of the Wasatch World Innovators Fund, which recently won the Lipper Award for best global multi-cap growth fund over the last 10 years.

The funds' reorganizations are anticipated to occur during the third quarter of 2018. Sam and Josh will remain employees of Wasatch Advisors and will manage the funds at Wasatch until commencing management of the reorganized funds at Seven Canyons.

In an announcement from Wasatch Advisors today, JB Taylor, CEO of Wasatch, said, "We are pleased with the Wasatch Funds Board's consideration of shareholder interests. We think transitioning the Wasatch Strategic Income and the Wasatch World Innovators Funds to the new funds managed by Sam and Josh will provide the highest possible level of management continuity with the same portfolio managers who built the funds' solid track records."

Spencer Stewart, Managing Partner and portfolio manager at Seven Canyons, said, "I am thrilled to welcome my father and brother to the team at Seven Canyons. Their accomplishments and wealth of experience round out our small, tight-knit team of time-tested investors. We would also like to thank our friends at Wasatch for their support of Sam and Josh in this transition."

In addition to the two funds planned for reorganization and management at Seven Canyons, the firm plans to offer similar strategies in other public and private investment vehicles.

Seven Canyons was founded in 2017 by Spencer Stewart, who was previously a portfolio manager at Grandeur Peak Advisors, also based in Salt Lake City, and co-founders Wesley Golby, CFA, and Eric Moessing. Golby was previously a partner at S-Squared Technology and Fleckenstein Capital Management. Moessing served as CEO of a healthcare firm for 13 years prior to co-founding Seven Canyons.

About Seven Canyons Advisors

Seven Canyons Advisors, LLC, a 100% employee-owned registered investment advisor based in Salt Lake City, brings together a small group of highly experienced investment professionals, based on a firm belief that close collaboration within a small organization provides the optimal way to identify the best global investment opportunities and the nimbleness to take advantage of them. Learn more at www.sevencanyonsadvisors.com.

Seven Canyons Advisors, LLC
1537 Chandler Dr
Salt Lake City, UT 84103

Contact: Ben Bishop, The Lowe Group - [email protected] - (414) 777-1880

RISKS AND DISCLOSURES:
Past performance is not indicative of future results.

Mutual-fund investing involves risks, and loss of principal is possible. Investing in small-cap funds will be more volatile, and loss of principal could be greater than investing in large-cap or more diversified funds. Investing in foreign securities, especially in emerging and frontier markets, entails special risks, such as unstable currencies, highly volatile securities markets, and political and social instability, which are described in more detail in the prospectus.

The Wasatch Strategic Income Fund's primary investment objective is to capture current income; a secondary objective is long-term growth of capital. The Wasatch World Innovators Fund's investment objective is long-term growth of capital.

© 2018 Seven Canyons. All rights reserved. Seven Canyons are distributed by ALPS Distributors, Inc. (ADI).

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