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William Blair Emerging Markets Leaders Fund
mutual fund
WELIX
Payout Change
Pending
Price as of:
$9.6
+0.01
+0.1%
primary theme
Emerging Markets Equity
share class
WELIX (Mutual Fund)
William Blair Emerging Markets Leaders Fund
Payout Change
Pending
Price as of:
$9.6
+0.01
+0.1%
primary theme
Emerging Markets Equity
share class
WELIX (Mutual Fund)
William Blair Emerging Markets Leaders Fund
Payout Change
Pending
Price as of:
$9.6
+0.01
+0.1%
primary theme
Emerging Markets 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
9.7%
1 yr return
13.8%
3 Yr Avg Return
-4.4%
5 Yr Avg Return
0.7%
Net Assets
$244 M
Holdings in Top 10
36.7%
52 WEEK LOW AND HIGH
$9.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.08%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 40.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
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
WELIX - Profile
Distributions
- YTD Total Return 9.7%
- 3 Yr Annualized Total Return -4.4%
- 5 Yr Annualized Total Return 0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.16%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWilliam Blair Emerging Markets Leaders Fund
-
Fund Family NameWilliam Blair
-
Inception DateApr 22, 2008
-
Shares OutstandingN/A
-
Share ClassR6
-
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 emerging markets securities. 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 companies of all sizes that the Adviser believes have above-average growth, profitability and quality characteristics. Under normal market conditions, the Fund typically holds a limited number of securities (i.e., 50‑80 securities). The Adviser seeks investment opportunities in companies at different stages of development, ranging from large, well-established companies to smaller companies at earlier stages of development, that are leaders in their country, industry or globally in terms of products, services or execution. 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 at reasonable valuation levels 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.
WELIX - Performance
Return Ranking - Trailing
| Period | WELIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.7% | -11.8% | 40.0% | 55.73% |
| 1 Yr | 13.8% | -8.7% | 41.1% | 54.44% |
| 3 Yr | -4.4%* | -11.5% | 11.1% | 74.78% |
| 5 Yr | 0.7%* | -5.3% | 12.2% | 75.29% |
| 10 Yr | 3.1%* | -1.2% | 7.0% | 70.28% |
* Annualized
Return Ranking - Calendar
| Period | WELIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.3% | -6.5% | 35.5% | 81.46% |
| 2022 | -26.6% | -50.1% | -2.4% | 69.37% |
| 2021 | -14.6% | -33.1% | 22.5% | 85.65% |
| 2020 | 26.2% | -22.1% | 80.1% | 22.51% |
| 2019 | 27.2% | -0.7% | 42.0% | 7.77% |
Total Return Ranking - Trailing
| Period | WELIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.7% | -11.8% | 40.0% | 55.73% |
| 1 Yr | 13.8% | -8.7% | 41.1% | 54.44% |
| 3 Yr | -4.4%* | -11.5% | 11.1% | 74.78% |
| 5 Yr | 0.7%* | -5.3% | 12.2% | 75.29% |
| 10 Yr | 3.1%* | -1.2% | 7.0% | 70.28% |
* Annualized
Total Return Ranking - Calendar
| Period | WELIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.2% | -1.0% | 42.0% | 87.73% |
| 2022 | -25.9% | -42.2% | 1.9% | 73.78% |
| 2021 | -7.8% | -32.5% | 33.1% | 87.36% |
| 2020 | 27.5% | -20.0% | 81.6% | 22.68% |
| 2019 | 28.5% | 2.3% | 42.0% | 10.47% |
NAV & Total Return History
WELIX - Holdings
Concentration Analysis
| WELIX | Category Low | Category High | WELIX % Rank | |
|---|---|---|---|---|
| Net Assets | 244 M | 682 K | 103 B | 63.96% |
| Number of Holdings | 62 | 2 | 7534 | 79.06% |
| Net Assets in Top 10 | 70.8 M | 290 K | 23.8 B | 64.39% |
| Weighting of Top 10 | 36.66% | 2.9% | 101.1% | 43.22% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 5.81%
- Tencent Holdings Ltd 5.49%
- Samsung Electronics Co Ltd 5.36%
- Taiwan Semiconductor Manufacturing Co Ltd 3.54%
- Trip.com Group Ltd 3.13%
- Meituan 3.05%
- Kotak Mahindra Bank Ltd 2.69%
- MediaTek Inc 2.63%
- MercadoLibre Inc 2.49%
- Bank Central Asia Tbk PT 2.47%
Asset Allocation
| Weighting | Return Low | Return High | WELIX % Rank | |
|---|---|---|---|---|
| Stocks | 102.53% | 0.00% | 103.28% | 0.43% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 71.51% |
| Other | 0.00% | -1.11% | 39.53% | 48.01% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 28.26% |
| Cash | 0.00% | -2.03% | 100.35% | 95.16% |
| Bonds | 0.00% | 0.00% | 95.13% | 35.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WELIX % Rank | |
|---|---|---|---|---|
| Financial Services | 22.89% | 0.00% | 48.86% | 40.69% |
| Technology | 20.37% | 0.00% | 47.50% | 65.37% |
| Industrials | 13.23% | 0.00% | 43.53% | 8.66% |
| Consumer Cyclical | 10.88% | 0.00% | 48.94% | 67.53% |
| Consumer Defense | 9.45% | 0.00% | 25.90% | 15.87% |
| Communication Services | 8.15% | 0.00% | 39.29% | 57.86% |
| Energy | 6.74% | 0.00% | 24.80% | 17.03% |
| Basic Materials | 4.55% | 0.00% | 30.03% | 76.77% |
| Healthcare | 3.73% | 0.00% | 16.53% | 54.69% |
| Utilities | 0.00% | 0.00% | 39.12% | 80.95% |
| Real Estate | 0.00% | 0.00% | 17.15% | 89.18% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WELIX % Rank | |
|---|---|---|---|---|
| Non US | 87.00% | 0.00% | 100.52% | 47.72% |
| US | 15.53% | 0.00% | 100.95% | 29.06% |
WELIX - Expenses
Operational Fees
| WELIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.08% | 0.03% | 29.98% | 68.71% |
| Management Fee | 0.94% | 0.00% | 2.00% | 63.34% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| WELIX 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
| WELIX 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.
| WELIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 40.00% | 0.00% | 189.00% | 47.10% |
WELIX - Distributions
Dividend Yield Analysis
| WELIX | Category Low | Category High | WELIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.78% | 0.00% | 9.74% | 77.49% |
Dividend Distribution Analysis
| WELIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| WELIX | Category Low | Category High | WELIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.16% | -1.98% | 17.62% | 81.36% |
Capital Gain Distribution Analysis
| WELIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.075 | OrdinaryDividend |
| Dec 15, 2022 | $0.082 | CapitalGainLongTerm |
| Dec 16, 2021 | $0.879 | OrdinaryDividend |
| Dec 17, 2020 | $0.138 | OrdinaryDividend |
| Dec 12, 2019 | $0.081 | OrdinaryDividend |
| Dec 12, 2019 | $0.016 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.786 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.126 | OrdinaryDividend |
| Dec 14, 2017 | $0.080 | OrdinaryDividend |
| Dec 15, 2016 | $0.015 | OrdinaryDividend |
| Dec 17, 2015 | $0.011 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.028 | OrdinaryDividend |
| Dec 18, 2014 | $0.234 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.037 | OrdinaryDividend |
| Dec 19, 2013 | $0.037 | OrdinaryDividend |
| Dec 19, 2012 | $0.074 | OrdinaryDividend |
| Dec 15, 2011 | $0.164 | CapitalGainShortTerm |
| Dec 15, 2011 | $0.461 | CapitalGainLongTerm |
| Dec 15, 2011 | $0.063 | OrdinaryDividend |
| Dec 16, 2010 | $0.057 | CapitalGainLongTerm |
| Dec 16, 2010 | $0.031 | OrdinaryDividend |
| Dec 17, 2009 | $0.119 | OrdinaryDividend |
| Dec 30, 2008 | $0.007 | ExtraDividend |
| Dec 18, 2008 | $0.003 | OrdinaryDividend |
WELIX - Fund Manager Analysis
Managers
Todd McClone
Start Date
Tenure
Tenure Rank
Mar 26, 2008
14.19
14.2%
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.
Kenneth McAtamney
Start Date
Tenure
Tenure Rank
Jan 24, 2022
0.35
0.4%
Ken McAtamney, partner, is the head of the global equity team and a portfolio manager for William Blair’s International Growth, Global Leaders, International Leaders, and Emerging Markets Leaders strategies. Ken is also a member of the Investment Management leadership team. He was previously co-director of research and a mid-large-cap industrials and healthcare analyst. Before joining William Blair in 2005, Ken was a vice president at Goldman Sachs and Co., where he was responsible for institutional equity research coverage for both international and U.S. equity. Before that, he was a corporat
Hugo Scott-Gall
Start Date
Tenure
Tenure Rank
Jan 24, 2022
0.35
0.4%
Hugo Scott‐Gall, partner, is a portfolio manager for the Global Leaders and Emerging Markets Leaders strategies, and Co-Director of Research for the Global Equity team. Before joining William Blair in 2018, Hugo was a managing director and head of the thematic research team at Goldman Sachs. In that role, he managed a global team of approximately 15 people who investigated thematic changes, analyzed their effects across industries, and sought to identify long‐term structurally advantaged companies. He and his team produced Fortnightly Thoughts, a publication offering thematic insights across sectors, and GS Sustain, a long‐term‐focused publication that sought to find best‐in‐breed companies, with environmental, social, and governance (ESG) analysis forming an integral part of the process. He also oversaw GS Dataworks, a team that used alternative data to augment fundamental research. Before his move into thematic research, Hugo was an equity research analyst covering European transportation companies. Before joining Goldman Sachs, he was an equity research analyst at Fidelity Investments.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
