<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created by RR Donnelley IM Processor 5.0.0.0 using Fujitsu Interstage XWand-->
<schema targetNamespace="http://www.wasatchfunds.com/20121120" elementFormDefault="qualified" xmlns="http://www.w3.org/2001/XMLSchema" xmlns:wft="http://www.wasatchfunds.com/20121120" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric">
  <annotation>
    <appinfo>
      <link:linkbaseRef xlink:type="simple" xlink:href="wft-20121120_pre.xml" xlink:title="Presentation Links, all" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="wft-20121120_cal.xml" xlink:title="Calculation Links, all" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="wft-20121120_def.xml" xlink:title="Definition Links, all" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:linkbaseRef xlink:type="simple" xlink:href="wft-20121120_lab.xml" xlink:title="Label Links, all" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
      <link:roleType roleURI="http://www.wasatchfunds.com/role/DocumentDocumentandEntityInformation" id="DocumentDocumentandEntityInformation">
        <link:definition>000000 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/DocumentRiskReturnSummaryUnlabeledWasatchEmergingMarketsSelectFund" id="DocumentRiskReturnSummaryUnlabeledWasatchEmergingMarketsSelectFund">
        <link:definition>000011 - Document - Risk/Return Summary {Unlabeled} - Wasatch Emerging Markets Select Fund</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleShareholderFeesWasatchEmergingMarketsSelectFund" id="ScheduleShareholderFeesWasatchEmergingMarketsSelectFund">
        <link:definition>000012 - Schedule - Shareholder Fees {- Wasatch Emerging Markets Select Fund}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleAnnualFundOperatingExpensesWasatchEmergingMarketsSelectFund" id="ScheduleAnnualFundOperatingExpensesWasatchEmergingMarketsSelectFund">
        <link:definition>000013 - Schedule - Annual Fund Operating Expenses {- Wasatch Emerging Markets Select Fund}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleExpenseExampleTransposedWasatchEmergingMarketsSelectFund" id="ScheduleExpenseExampleTransposedWasatchEmergingMarketsSelectFund">
        <link:definition>000014 - Schedule - Expense Example {Transposed} {- Wasatch Emerging Markets Select Fund}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedWasatchEmergingMarketsSelectFund" id="ScheduleExpenseExampleNoRedemptionTransposedWasatchEmergingMarketsSelectFund">
        <link:definition>000015 - Schedule - Expense Example, No Redemption {Transposed} {- Wasatch Emerging Markets Select Fund}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleAnnualTotalReturnsWasatchEmergingMarketsSelectFundBarChart" id="ScheduleAnnualTotalReturnsWasatchEmergingMarketsSelectFundBarChart">
        <link:definition>000016 - Schedule - Annual Total Returns - Wasatch Emerging Markets Select Fund [BarChart]</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedWasatchEmergingMarketsSelectFund" id="ScheduleAverageAnnualTotalReturnsTransposedWasatchEmergingMarketsSelectFund">
        <link:definition>000017 - Schedule - Average Annual Total Returns {Transposed} {- Wasatch Emerging Markets Select Fund}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/DocumentRiskReturnDetailUnlabeledWasatchEmergingMarketsSelectFund" id="DocumentRiskReturnDetailUnlabeledWasatchEmergingMarketsSelectFund">
        <link:definition>000018 - Document - Risk/Return Detail {Unlabeled} - Wasatch Emerging Markets Select Fund</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/DisclosureRiskReturnDetailDataElementsWasatchEmergingMarketsSelectFund" id="DisclosureRiskReturnDetailDataElementsWasatchEmergingMarketsSelectFund">
        <link:definition>000019 - Disclosure - Risk/Return Detail Data {Elements} - Wasatch Emerging Markets Select Fund</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/DocumentRiskReturnSummaryUnlabeledWasatchEmergingMarketsSelectFundInstitutionalClassShares" id="DocumentRiskReturnSummaryUnlabeledWasatchEmergingMarketsSelectFundInstitutionalClassShares">
        <link:definition>000021 - Document - Risk/Return Summary {Unlabeled} - Wasatch Emerging Markets Select Fund Institutional Class Shares</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleShareholderFeesWasatchEmergingMarketsSelectFundInstitutionalClassShares" id="ScheduleShareholderFeesWasatchEmergingMarketsSelectFundInstitutionalClassShares">
        <link:definition>000022 - Schedule - Shareholder Fees {- Wasatch Emerging Markets Select Fund Institutional Class Shares}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleAnnualFundOperatingExpensesWasatchEmergingMarketsSelectFundInstitutionalClassShares" id="ScheduleAnnualFundOperatingExpensesWasatchEmergingMarketsSelectFundInstitutionalClassShares">
        <link:definition>000023 - Schedule - Annual Fund Operating Expenses {- Wasatch Emerging Markets Select Fund Institutional Class Shares}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleExpenseExampleTransposedWasatchEmergingMarketsSelectFundInstitutionalClassShares" id="ScheduleExpenseExampleTransposedWasatchEmergingMarketsSelectFundInstitutionalClassShares">
        <link:definition>000024 - Schedule - Expense Example {Transposed} {- Wasatch Emerging Markets Select Fund Institutional Class Shares}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposedWasatchEmergingMarketsSelectFundInstitutionalClassShares" id="ScheduleExpenseExampleNoRedemptionTransposedWasatchEmergingMarketsSelectFundInstitutionalClassShares">
        <link:definition>000025 - Schedule - Expense Example, No Redemption {Transposed} {- Wasatch Emerging Markets Select Fund Institutional Class Shares}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleAnnualTotalReturnsWasatchEmergingMarketsSelectFundInstitutionalClassSharesBarChart" id="ScheduleAnnualTotalReturnsWasatchEmergingMarketsSelectFundInstitutionalClassSharesBarChart">
        <link:definition>000026 - Schedule - Annual Total Returns - Wasatch Emerging Markets Select Fund Institutional Class Shares [BarChart]</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposedWasatchEmergingMarketsSelectFundInstitutionalClassShares" id="ScheduleAverageAnnualTotalReturnsTransposedWasatchEmergingMarketsSelectFundInstitutionalClassShares">
        <link:definition>000027 - Schedule - Average Annual Total Returns {Transposed} {- Wasatch Emerging Markets Select Fund Institutional Class Shares}</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/DocumentRiskReturnDetailUnlabeledWasatchEmergingMarketsSelectFundInstitutionalClassShares" id="DocumentRiskReturnDetailUnlabeledWasatchEmergingMarketsSelectFundInstitutionalClassShares">
        <link:definition>000028 - Document - Risk/Return Detail {Unlabeled} - Wasatch Emerging Markets Select Fund Institutional Class Shares</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.wasatchfunds.com/role/DisclosureRiskReturnDetailDataElementsWasatchEmergingMarketsSelectFundInstitutionalClassShares" id="DisclosureRiskReturnDetailDataElementsWasatchEmergingMarketsSelectFundInstitutionalClassShares">
        <link:definition>000029 - Disclosure - Risk/Return Detail Data {Elements} - Wasatch Emerging Markets Select Fund Institutional Class Shares</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </appinfo>
  </annotation>
  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <import namespace="http://xbrl.sec.gov/dei/2012-01-31" schemaLocation="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd" />
  <import namespace="http://xbrl.sec.gov/rr/2012-01-31" schemaLocation="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd" />
  <import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />
  <element name="InvestorClassMember" id="wft_InvestorClassMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" />
  <element name="S000038937Member" id="wft_S000038937Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" />
  <element name="C000119726Member" id="wft_C000119726Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" />
  <element name="C000119725Member" id="wft_C000119725Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" />
  <element name="InstitutionalClassMember" id="wft_InstitutionalClassMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" />
</schema>
