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William Blair Small-Mid Cap Core Fund
mutual fund
WBCIX
Payout Change
Pending
Price as of:
$17.94
-0.13
-0.72%
primary theme
U.S. Small-Cap Blend Equity
share class
WBCIX (Mutual Fund)
William Blair Small-Mid Cap Core Fund
Payout Change
Pending
Price as of:
$17.94
-0.13
-0.72%
primary theme
U.S. Small-Cap Blend Equity
share class
WBCIX (Mutual Fund)
William Blair Small-Mid Cap Core Fund
Payout Change
Pending
Price as of:
$17.94
-0.13
-0.72%
primary theme
U.S. Small-Cap Blend Equity
share class
Name
As of 12/12/2024Price
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
17.3%
1 yr return
20.3%
3 Yr Avg Return
4.6%
5 Yr Avg Return
11.3%
Net Assets
$196 M
Holdings in Top 10
20.8%
52 WEEK LOW AND HIGH
$18.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
$500,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
WBCIX - Profile
Distributions
- YTD Total Return 17.3%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return 11.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.17%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWilliam Blair Small-Mid Cap Core Fund
-
Fund Family NameWilliam Blair
-
Inception DateOct 01, 2019
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Crowe
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small capitalized (“small cap”) and medium capitalized (“mid cap”) companies. The Fund invests in a diversified portfolio of equity securities, primarily common stocks, of small cap and mid cap U.S. companies that the Adviser deems to be of high quality but undervalued by the marketplace. For purposes of the Fund, the Adviser considers a company to be a small cap or a mid cap company if it has a market capitalization no larger than the largest capitalized company included in the Russell Midcap® Index at the time of the Fund’s investment. Securities of companies whose market capitalizations no longer meet this definition after purchase may continue to be held in the Fund. To a limited extent, the Fund may also purchase stocks of companies with business characteristics similar to small cap and mid cap companies, but that may have market capitalizations above the market capitalization of the largest member of the Russell Midcap® Index.
Read More
The Russell Midcap® Index measures the performance of the 800 companies with the lowest market capitalizations in the Russell 1000® Index. The size of companies in the Russell Midcap® Index may change with market conditions. In addition, changes to the composition of the Russell Midcap® Index can change the market capitalization range of companies included in the index. As of March 31, 2024, the Russell Midcap® Index included securities issued by companies that ranged in size between $351.9 million and $89 billion. The Russell 2500TM Index, the Fund’s performance benchmark, measures the performance of the 2,500 smallest companies in the Russell 3000® Index with a weighted average market capitalization of approximately $8.4 billion, median capitalization of $1.5 billion and market capitalization of the largest company at $59.1 billion as of March 31, 2024.
In choosing investments, the Adviser performs fundamental company analysis and focuses on stock selection. The Adviser evaluates the extent to which a company meets the criteria set forth below. All of the criteria are evaluated relative to the valuation of the security. The weight given to a particular investment criterion will depend upon the circumstances, and Fund holdings may not meet all of the following criteria: (a) the company should be, or should have the expectation of becoming, a significant provider in the primary markets it serves; (b) the company should have some distinctive attribute relative to present or potential competitors (this may, for example, take the form of proprietary products or processes, a unique distribution system, an entrenched brand name or an especially strong financial position relative to its competition); and (c) the company should have a strong management team.
WBCIX - Performance
Return Ranking - Trailing
| Period | WBCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.3% | -1.5% | 40.1% | 39.43% |
| 1 Yr | 20.3% | 0.0% | 49.5% | 54.67% |
| 3 Yr | 4.6%* | -11.3% | 45.7% | 58.38% |
| 5 Yr | 11.3%* | -12.3% | 38.2% | 23.69% |
| 10 Yr | N/A* | -2.8% | 18.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | WBCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.1% | -19.9% | 29.0% | 55.45% |
| 2022 | -17.1% | -59.3% | 118.2% | 24.04% |
| 2021 | 26.6% | -31.6% | 39.3% | 5.47% |
| 2020 | 20.6% | -51.0% | 39.5% | 4.01% |
| 2019 | N/A | -5.6% | 37.8% | 0.43% |
Total Return Ranking - Trailing
| Period | WBCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.3% | -1.5% | 40.1% | 39.43% |
| 1 Yr | 20.3% | 0.0% | 49.5% | 54.67% |
| 3 Yr | 4.6%* | -11.3% | 45.7% | 58.38% |
| 5 Yr | 11.3%* | -12.3% | 38.2% | 23.69% |
| 10 Yr | N/A* | -2.8% | 18.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | WBCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.3% | -11.7% | 31.8% | 78.59% |
| 2022 | -17.1% | -45.2% | 123.7% | 57.12% |
| 2021 | 26.6% | 0.0% | 45.6% | 26.95% |
| 2020 | 20.6% | -50.5% | 46.9% | 10.02% |
| 2019 | N/A | 2.2% | 40.9% | 5.19% |
NAV & Total Return History
WBCIX - Holdings
Concentration Analysis
| WBCIX | Category Low | Category High | WBCIX % Rank | |
|---|---|---|---|---|
| Net Assets | 196 M | 555 K | 145 B | 71.10% |
| Number of Holdings | 84 | 2 | 2445 | 76.43% |
| Net Assets in Top 10 | 38.9 M | 124 K | 10.3 B | 70.34% |
| Weighting of Top 10 | 20.83% | 3.1% | 100.1% | 34.35% |
Top 10 Holdings
- Baldwin Insurance Group Inc/The 2.31%
- TransUnion 2.30%
- Bright Horizons Family Solutions Inc 2.22%
- Carlyle Group Inc/The 2.17%
- BWX Technologies Inc 2.09%
- Western Alliance Bancorp 2.00%
- Chemed Corp 1.99%
- Exact Sciences Corp 1.94%
- Everest Group Ltd 1.92%
- SharkNinja Inc 1.90%
Asset Allocation
| Weighting | Return Low | Return High | WBCIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.93% | 4.44% | 107.74% | 33.46% |
| Other | 1.08% | -0.07% | 49.08% | 17.68% |
| Preferred Stocks | 0.00% | 0.00% | 5.13% | 36.31% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 36.57% |
| Cash | 0.00% | 0.00% | 27.02% | 97.15% |
| Bonds | 0.00% | 0.00% | 102.81% | 40.68% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WBCIX % Rank | |
|---|---|---|---|---|
| Industrials | 21.70% | 2.46% | 37.42% | 18.65% |
| Healthcare | 15.51% | 0.00% | 26.53% | 29.62% |
| Consumer Cyclical | 13.58% | 0.99% | 47.79% | 17.12% |
| Financial Services | 12.03% | 0.00% | 35.52% | 89.81% |
| Technology | 10.91% | 0.00% | 43.95% | 84.81% |
| Real Estate | 7.21% | 0.00% | 29.43% | 51.15% |
| Energy | 5.72% | 0.00% | 37.72% | 58.85% |
| Basic Materials | 4.53% | 0.00% | 18.66% | 54.42% |
| Consumer Defense | 4.45% | 0.00% | 18.87% | 39.81% |
| Utilities | 3.01% | 0.00% | 18.58% | 33.85% |
| Communication Services | 1.35% | 0.00% | 14.85% | 82.12% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WBCIX % Rank | |
|---|---|---|---|---|
| US | 98.93% | 2.58% | 107.74% | 28.71% |
| Non US | 0.00% | 0.00% | 97.07% | 45.06% |
WBCIX - Expenses
Operational Fees
| WBCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.16% | 0.01% | 38.30% | 41.22% |
| Management Fee | 0.90% | 0.00% | 1.50% | 84.92% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| WBCIX 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
| WBCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| WBCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 45.00% | 1.00% | 314.00% | 51.88% |
WBCIX - Distributions
Dividend Yield Analysis
| WBCIX | Category Low | Category High | WBCIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.12% | 0.00% | 42.47% | 74.90% |
Dividend Distribution Analysis
| WBCIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| WBCIX | Category Low | Category High | WBCIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.17% | -2.40% | 2.49% | 74.81% |
Capital Gain Distribution Analysis
| WBCIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.022 | OrdinaryDividend |
| Dec 12, 2019 | $0.007 | OrdinaryDividend |
WBCIX - Fund Manager Analysis
Managers
Daniel Crowe
Start Date
Tenure
Tenure Rank
Oct 01, 2019
2.67
2.7%
Dan Crowe, CFA, partner, is a portfolio manager on William Blair’s Mid Cap Growth, Small-Mid Cap Growth, and Small-Mid Cap Core strategies. Previously, he was an associate portfolio manager on the firm’s Mid Cap Growth strategy, an associate portfolio manager on the firm’s Small Cap Growth strategy, and a research analyst, where he focused on all sectors across the U.S. small-cap space. Before joining William Blair as a generalist research analyst in May 2011, Dan was a midcap portfolio manager at Pyramis Global Advisors and a portfolio manager and analyst at The Boston Company/Founders Asset Management. He began his career as a generalist analyst at Marsico Capital Management. Dan is a member of the CFA Institute and the CFA Society Chicago. He received a B.S. in mechanical engineering from the University of Illinois at Urbana-Champaign.
Ward Sexton
Start Date
Tenure
Tenure Rank
Oct 01, 2019
2.67
2.7%
Ward Sexton, CFA, partner, is a portfolio manager on William Blair’s Small Cap Growth and Small-Mid Cap Core strategies. Previously, he was an associate portfolio manager on William Blair’s Small Cap Growth strategy and a research analyst. He joined the team in 2001 and covered resource, financial, and consumer companies during his time as an analyst. He joined William Blair in 1999, initially working in the firm’s corporate finance group for two years. Ward is a member of the CFA Institute and the CFA Society Chicago. He received a B.S. in finance, with honors, from the University of Illinois Urbana-Champaign and an M.B.A., with high honors, from the University of Chicago’s Booth School of Business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.17 | 2.58 |
