WBLJX: William Blair Low Duration Inst

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WBLJX William Blair Low Duration Inst

  • Fund
  • WBLJX
  • Price as of: Dec 12, 2019
  • $8.69
    - $0.00 - 0.00%

Profile

WBLJX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return -1.5%
  • Net Assets $89.8 M
  • Holdings in Top 10 69.5%

52 WEEK LOW AND HIGH

$8.69
$8.69
$8.77

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.42%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 122.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return -1.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.17%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    William Blair Low Duration Fund
  • Fund Family Name
    William Blair
  • Inception Date
    Dec 01, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul J. Sularz

Fund Description

The fund seeks to maximize total return by investing in a diversified portfolio of investment grade low duration debt securities. Total return includes both income and capital appreciation. The fund seeks to outperform the Bank of America Merrill Lynch 1-Year U.S. Treasury Note Index through an actively managed diversified portfolio of securities. The Adviser emphasizes individual security selection, as well as shifts in the fund's portfolio among market sectors.


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Categories

Performance

WBLJX - Performance

Return Ranking - Trailing

Period WBLJX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -0.2% 83.9% 99.93%
1 Yr -0.2% -0.2% 26.6% 99.93%
3 Yr -1.5%* -2.1% 9.4% 99.88%
5 Yr -1.5%* -14.7% 6.6% 99.59%
10 Yr -1.4%* -8.6% 8.5% 99.75%

* Annualized

Return Ranking - Calendar

Period WBLJX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -12.4% 0.8% 45.43%
2017 -1.8% -2.8% 17.1% 98.99%
2016 -1.0% -58.1% 8.6% 54.01%
2015 -2.3% -18.3% 3.0% 72.71%
2014 -1.6% -60.4% 26.9% 96.85%

Total Return Ranking - Trailing

Period WBLJX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -0.2% 83.9% 99.93%
1 Yr -0.2% -5.2% 26.6% 99.57%
3 Yr -1.5%* -2.1% 9.4% 99.84%
5 Yr -1.5%* -14.7% 6.6% 99.64%
10 Yr -1.4%* -8.6% 8.5% 99.81%

* Annualized

Total Return Ranking - Calendar

Period WBLJX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -11.7% 6.5% 53.58%
2017 -1.8% -2.7% 27.0% 99.28%
2016 -1.0% -58.1% 10.7% 57.34%
2015 -2.3% -14.6% 4.2% 79.52%
2014 -1.6% -60.4% 26.9% 97.76%

NAV & Total Return History


Holdings

WBLJX - Holdings

Concentration Analysis

WBLJX Category Low Category High WBLJX % Rank
Net Assets 89.8 M 691 K 247 B 86.71%
Number of Holdings 82 2 17572 87.42%
Net Assets in Top 10 25.6 M -203 M 25.7 B 82.47%
Weighting of Top 10 69.52% 2.5% 138.1% 6.88%

Top 10 Holdings

  1. Federal National Mortgage Association 2.5% 18.23%
  2. Federal Home Loan Mortgage Corporation 6% 8.42%
  3. Federal National Mortgage Association 6% 7.73%
  4. Federal National Mortgage Association 4% 6.50%
  5. Fnma Pass-Thru I 6.5% 5.58%
  6. Federal National Mortgage Association 5.5% 5.19%
  7. Federal National Mortgage Association 6% 5.01%
  8. Federal National Mortgage Association 5.5% 4.92%
  9. Federal National Mortgage Association 6% 4.10%
  10. Fnma Pass-Thru I 6.5% 3.85%

Asset Allocation

Weighting Return Low Return High WBLJX % Rank
Bonds
94.35% 80.25% 160.29% 75.48%
Cash
3.31% -60.29% 28.73% 33.93%
Convertible Bonds
2.33% 0.00% 6.26% 5.20%
Stocks
0.00% -17.64% 26.52% 26.37%
Preferred Stocks
0.00% 0.00% 8.19% 32.93%
Other
0.00% -36.80% 29.62% 27.41%

Bond Sector Breakdown

Weighting Return Low Return High WBLJX % Rank
Securitized
65.05% 0.00% 136.75% 3.10%
Corporate
31.63% 0.00% 98.80% 27.41%
Cash & Equivalents
3.31% -60.29% 28.73% 34.14%
Derivative
0.00% -25.78% 41.91% 26.34%
Municipal
0.00% 0.00% 149.42% 79.97%
Government
0.00% -86.06% 125.74% 63.83%

Bond Geographic Breakdown

Weighting Return Low Return High WBLJX % Rank
US
83.63% 60.74% 157.48% 83.39%
Non US
10.72% -27.08% 24.33% 18.18%

Expenses

WBLJX - Expenses

Operational Fees

WBLJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.42% 0.00% 209.96% 88.33%
Management Fee 0.30% 0.00% 1.25% 22.70%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

WBLJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

WBLJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

WBLJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 122.00% 0.00% 2053.00% 79.70%

Distributions

WBLJX - Distributions

Dividend Yield Analysis

WBLJX Category Low Category High WBLJX % Rank
Dividend Yield 1.30% 0.00% 96.19% 23.88%

Dividend Distribution Analysis

WBLJX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

WBLJX Category Low Category High WBLJX % Rank
Net Income Ratio 2.17% 0.00% 6.30% 71.34%

Capital Gain Distribution Analysis

WBLJX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

WBLJX - Fund Manager Analysis

Managers

Paul J. Sularz


Start Date

Tenure

Tenure Rank

Dec 01, 2009

10.0

10.0%

Paul J. Sularz, an Associate of William Blair & Company, L.L.C., has co-managed the Bond Fund since 2010 and the Low Duration Fund since its inception in 2009. Mr. Sularz joined the firm in July 2006 as a fixed-income portfolio manager. Prior to joining William Blair, he was a Vice President at J.P. Morgan Securities, Inc. from 2004 to 2006, where he was responsible for trading specified pool agency mortgage-backed pass-through securities for the firm’s primary broker/dealer in New York City. Prior to this, he was a Director at Banc One Capital Markets, Inc. within the Asset-Backed and Mortgage-Backed Securities Group from 1995-2004, managing the firm’s mortgage-backed securities trading desk in Chicago. His investment career began in 1990 at Kemper Asset Management Company, where he was an Assistant Portfolio Manager within the fixed-income Institutional Asset Management Division. Education: B.A. in Economics, University of Illinois at Urbana-Champaign; M.B.A., concentrations in Finance, Econometrics and Statistics, University of Chicago Booth Graduate School of Business.

Christopher T. Vincent


Start Date

Tenure

Tenure Rank

Dec 01, 2009

10.0

10.0%

Christopher T. Vincent, a Partner of William Blair Investment Management, LLC. Mr. Vincent oversees the fixed-income team at William Blair. He joined William Blair in 2002. Previously, he was a managing director/senior portfolio manager with Zurich Scudder Investments for fourteen years. Prior to that, he was with Ralston Purina Company for five years in the Treasury department where he was responsible for fixed-income investments for the company’s benefit plans. He has the Chartered Financial Analyst designation and is a member of the CFA Society of Chicago and the CFA Institute. Education: B.S., University of Missouri; M.B.A., Saint Louis University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 33.02 7.69 7.54