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William Blair Emerging Markets Small Cap Growth Fund
mutual fund
BESIX
Payout Change
Pending
Price as of:
$21.8
-0.04
-0.18%
primary theme
Emerging Markets Equity
share class
BESIX (Mutual Fund)
William Blair Emerging Markets Small Cap Growth Fund
Payout Change
Pending
Price as of:
$21.8
-0.04
-0.18%
primary theme
Emerging Markets Equity
share class
BESIX (Mutual Fund)
William Blair Emerging Markets Small Cap Growth Fund
Payout Change
Pending
Price as of:
$21.8
-0.04
-0.18%
primary theme
Emerging Markets Equity
share class
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.2%
1 yr return
21.3%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
10.2%
Net Assets
$404 M
Holdings in Top 10
20.3%
52 WEEK LOW AND HIGH
$21.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 76.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
$500,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BESIX - Profile
Distributions
- YTD Total Return 9.2%
- 3 Yr Annualized Total Return -1.2%
- 5 Yr Annualized Total Return 10.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.58%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWilliam Blair Emerging Markets Small Cap Growth Fund
-
Fund Family NameWilliam Blair
-
Inception DateOct 24, 2011
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTodd McClone
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of emerging market small capitalization (“small cap”) companies. The Fund invests primarily in a diversified portfolio of equity securities, including common stocks and other forms of equity investments (e.g., securities convertible into common stocks), issued by emerging market small cap companies that the Adviser believes have above average growth, profitability and quality characteristics. For purposes of the Fund, the Adviser considers a company to be a small cap company if it has a float adjusted market capitalization at the time of purchase no larger than the greater of $5 billion or the largest capitalized company included in the MSCI Emerging Markets Small Cap Index (net). Securities of companies whose float adjusted market capitalizations no longer meet this definition of small cap after purchase may continue to be held in the Fund. Emerging market companies, for purposes of the Fund, are companies organized under the laws of an emerging market country or that have securities traded principally on an exchange or over-the-counter in an emerging market country. Currently, emerging markets include every country in the world except the United States, Canada, Japan, Australia, New Zealand, Hong Kong, Singapore and most Western European countries. The Fund’s investments are normally allocated among at least six different countries and no more than 50% of the Fund’s equity holdings may be invested in securities of issuers in one country at any given time.
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In choosing investments, the Adviser performs fundamental company analysis and focuses on stock selection. The Adviser generally seeks equity securities, including common stocks, of emerging market companies that historically have had superior growth, profitability and quality relative to local markets and relative to companies within the same industry worldwide, and that are expected to continue such performance. Such companies generally will exhibit superior business fundamentals, including leadership in their field, quality products or services, distinctive marketing and distribution, pricing flexibility and revenue from products or services consumed on a steady, recurring basis. These business characteristics should be accompanied by management that is shareholder return-oriented and that uses conservative accounting policies. Companies with above-average returns on equity, strong balance sheets and consistent, above-average earnings growth will be the primary focus. Stock selection will take into account both local and global comparisons.
The Adviser will vary the Fund’s sector and geographic diversification based upon the Adviser’s ongoing evaluation of economic, market and political trends throughout the world. In making decisions regarding country allocation, the Adviser will consider such factors as the conditions and growth potential of various economies and securities markets, currency exchange rates, technological developments in the various countries and other pertinent financial, social, national and political factors.
BESIX - Performance
Return Ranking - Trailing
| Period | BESIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.2% | -12.5% | 37.5% | 87.54% |
| 1 Yr | 21.3% | -4.6% | 48.5% | 76.61% |
| 3 Yr | -1.2%* | -12.0% | 13.6% | 52.19% |
| 5 Yr | 10.2%* | -3.4% | 13.2% | 5.16% |
| 10 Yr | 5.6%* | -2.4% | 7.1% | 14.18% |
* Annualized
Return Ranking - Calendar
| Period | BESIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.9% | -6.5% | 35.5% | 3.35% |
| 2022 | -31.2% | -50.1% | -2.4% | 88.76% |
| 2021 | 6.2% | -33.1% | 22.5% | 8.38% |
| 2020 | 32.5% | -22.1% | 80.1% | 12.62% |
| 2019 | 20.4% | -0.7% | 42.0% | 40.83% |
Total Return Ranking - Trailing
| Period | BESIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.2% | -12.5% | 37.5% | 87.54% |
| 1 Yr | 21.3% | -4.6% | 48.5% | 76.61% |
| 3 Yr | -1.2%* | -12.0% | 13.6% | 52.19% |
| 5 Yr | 10.2%* | -3.4% | 13.2% | 5.16% |
| 10 Yr | 5.6%* | -2.4% | 7.1% | 14.18% |
* Annualized
Total Return Ranking - Calendar
| Period | BESIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.2% | -2.7% | 42.0% | 7.12% |
| 2022 | -27.9% | -42.2% | 1.9% | 84.15% |
| 2021 | 15.5% | -32.5% | 33.1% | 5.18% |
| 2020 | 32.6% | -20.0% | 81.6% | 15.02% |
| 2019 | 20.6% | 2.3% | 42.0% | 51.74% |
NAV & Total Return History
BESIX - Holdings
Concentration Analysis
| BESIX | Category Low | Category High | BESIX % Rank | |
|---|---|---|---|---|
| Net Assets | 404 M | 682 K | 103 B | 52.72% |
| Number of Holdings | 130 | 10 | 7534 | 37.10% |
| Net Assets in Top 10 | 82.8 M | 290 K | 23.8 B | 63.32% |
| Weighting of Top 10 | 20.25% | 2.9% | 100.2% | 93.16% |
Top 10 Holdings
- Dixon Technologies India Ltd 2.75%
- KEI Industries Ltd 2.74%
- ABB India Ltd 2.19%
- Wiwynn Corp 2.07%
- ASPEED Technology Inc 1.97%
- Lotes Co Ltd 1.90%
- Asia Vital Components Co Ltd 1.79%
- Godrej Properties Ltd 1.67%
- Huaming Power Equipment Co Ltd 1.59%
- Macrotech Developers Ltd 1.57%
Asset Allocation
| Weighting | Return Low | Return High | BESIX % Rank | |
|---|---|---|---|---|
| Stocks | 100.55% | 0.00% | 107.82% | 2.37% |
| Other | 1.03% | -0.46% | 26.93% | 7.53% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 80.20% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 50.70% |
| Cash | 0.00% | -2.03% | 16.88% | 97.21% |
| Bonds | 0.00% | 0.00% | 88.10% | 55.79% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BESIX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 22.64% | 0.00% | 48.94% | 2.54% |
| Technology | 17.45% | 0.00% | 47.50% | 81.78% |
| Industrials | 16.73% | 0.00% | 43.53% | 3.81% |
| Financial Services | 15.33% | 0.00% | 48.86% | 83.62% |
| Consumer Defense | 9.41% | 0.00% | 25.90% | 17.09% |
| Basic Materials | 7.36% | 0.00% | 30.03% | 58.90% |
| Healthcare | 5.12% | 0.00% | 16.53% | 31.21% |
| Real Estate | 3.03% | 0.00% | 17.15% | 18.36% |
| Communication Services | 2.01% | 0.00% | 39.29% | 97.46% |
| Utilities | 0.93% | 0.00% | 39.12% | 58.62% |
| Energy | 0.00% | 0.00% | 24.80% | 93.50% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BESIX % Rank | |
|---|---|---|---|---|
| Non US | 95.23% | 0.00% | 101.28% | 11.16% |
| US | 5.32% | 0.00% | 100.13% | 72.25% |
BESIX - Expenses
Operational Fees
| BESIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.43% | 0.03% | 29.98% | 43.22% |
| Management Fee | 1.10% | 0.00% | 2.00% | 91.20% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | 68.97% |
Sales Fees
| BESIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BESIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 0.43% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BESIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 76.00% | 0.00% | 189.00% | 76.03% |
BESIX - Distributions
Dividend Yield Analysis
| BESIX | Category Low | Category High | BESIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.23% | 0.00% | 9.74% | 88.56% |
Dividend Distribution Analysis
| BESIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BESIX | Category Low | Category High | BESIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.58% | -1.98% | 17.62% | 90.45% |
Capital Gain Distribution Analysis
| BESIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.051 | OrdinaryDividend |
| Dec 15, 2022 | $0.792 | CapitalGainLongTerm |
| Dec 16, 2021 | $2.026 | CapitalGainLongTerm |
| Dec 17, 2020 | $0.010 | OrdinaryDividend |
| Dec 12, 2019 | $0.028 | OrdinaryDividend |
| Dec 13, 2018 | $0.304 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.022 | OrdinaryDividend |
| Dec 14, 2017 | $0.044 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.549 | OrdinaryDividend |
| Dec 15, 2016 | $0.368 | OrdinaryDividend |
| Dec 17, 2015 | $0.622 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.739 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.087 | OrdinaryDividend |
| Dec 19, 2013 | $0.003 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.026 | OrdinaryDividend |
| Dec 19, 2012 | $0.107 | OrdinaryDividend |
BESIX - Fund Manager Analysis
Managers
Todd McClone
Start Date
Tenure
Tenure Rank
Oct 24, 2011
10.61
10.6%
Todd McClone, CFA, partner, is a portfolio manager for William Blair’s emerging markets strategies. Before joining the firm in 2000, he was a senior research analyst specializing in international equity for Strong Capital Management. Previously, he was a corporate finance research analyst with Piper Jaffray, where he worked with the corporate banking financials team on a variety of transactions, including initial public offerings, mergers and acquisitions, and subordinated debt offerings. He also issued fairness opinions and conducted private company valuations. Todd received a B.B.A. and B.A. from the University of Wisconsin–Madison.
Casey Preyss
Start Date
Tenure
Tenure Rank
May 01, 2016
6.08
6.1%
Casey Preyss, CFA, partner, is a portfolio manager for William Blair’s Emerging Markets Growth, Emerging Markets Small Cap Growth, China A-Shares Growth, China Growth, and Emerging Markets ex China Growth strategies. Since joining William Blair in 2000, he has been a research analyst covering industrials, IT, and resources stocks. Before taking on fundamental research responsibilities for William Blair’s global equity team, Casey was a quantitative analyst. Before joining the firm, he was an international equity research sales associate with Thomas White International. He received a B.S.B.A. from The Ohio State University and an M.B.A. from the University of Chicago’s Booth School of Business.
D. Neiman
Start Date
Tenure
Tenure Rank
Jul 12, 2021
0.88
0.9%
D.J. Neiman, CFA, partner, is a portfolio manager for the International Small Cap Growth and Emerging Markets Small Cap Growth strategies. Before becoming a portfolio manager, D.J. was a global research analyst covering small‐cap financial stocks. Before joining Investment Management in 2009, D.J. was an analyst in the firm’s sell‐side research group, covering the financials sector with a focus on the asset‐management and advisory investment‐banking industries. Previously, D.J. was a senior accountant with William Blair Funds and a fund analyst at Scudder Kemper Investments. He is a member of the CFA Institute and the CFA Society Chicago. He received a B.S. from Miami University and an M.B.A., with high distinction, from the University of Michigan’s Ross School of Business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.64 | 13.42 |
