William Blair Small Cap Growth Fund
Fund
WBSRX
Price as of:
$35.04
- $3.61
- 9.34%
Primary Theme
fund company
Name
As of 12/19/2024Price
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
7.0%
1 yr return
9.7%
3 Yr Avg Return
1.1%
5 Yr Avg Return
8.8%
Net Assets
$790 M
Holdings in Top 10
19.7%
52 WEEK LOW AND HIGH
$38.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 49.00%
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 12/19/2024Price
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
WBSRX - Profile
Distributions
- YTD Total Return 7.0%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 8.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.84%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWilliam Blair Small Cap Growth Fund
-
Fund Family NameWilliam Blair
-
Inception DateMay 02, 2019
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWard Sexton
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 stocks of small capitalized (“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), of small cap U.S. growth companies that are expected to exhibit quality growth characteristics. The Fund’s investments in small cap companies may include a significant weighting to micro-cap companies (which, for purposes of the Fund, are companies with market capitalizations of $1 billion or less at the time of the Fund’s investment). For purposes of the Fund, the Adviser considers a company to be a small cap company if it has a market capitalization no larger than the largest capitalized company included in the Russell 2000® 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 and growth prospects similar to small cap companies, but that may have market capitalizations above the market capitalization of the largest member of the Russell 2000® Index.
Read More
The Russell 2000® Index is a widely recognized, unmanaged index of common stocks that measures the performance of the 2,000 smallest companies in the Russell 3000® Index. The companies in the Russell 2000® Index are considered representative of small cap companies. The size of companies in the Russell 2000® Index may change with market conditions. In addition, changes to the composition of the Russell 2000® Index can change the market capitalization range of the companies included in the index. As of March 31, 2024, the Russell 2000® Index included securities issued by companies that ranged in size between $16.6 million and $59.1 billion. The Russell 2000® Growth Index, the Fund’s performance benchmark, measures the performance of those Russell 2000 companies with a greater-than-average growth orientation.
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 quality growth 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 (for example, this may 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), (c) the company should participate in an industry expected to grow rapidly due to economic factors or technological change or should grow through market share gains in its industry and (d) the company should have a strong management team.
WBSRX - Performance
Return Ranking - Trailing
| Period | WBSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.0% | -3.5% | 68.6% | 26.11% |
| 1 Yr | 9.7% | -2.2% | 64.2% | 31.85% |
| 3 Yr | 1.1%* | -15.1% | 62.1% | 21.01% |
| 5 Yr | 8.8%* | -4.3% | 45.1% | 13.89% |
| 10 Yr | N/A* | 1.2% | 24.6% | 5.49% |
* Annualized
Return Ranking - Calendar
| Period | WBSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.7% | -20.5% | 54.6% | 46.84% |
| 2022 | -24.0% | -82.1% | 32.2% | 12.95% |
| 2021 | -4.6% | -90.6% | 300.1% | 40.94% |
| 2020 | 26.3% | -63.0% | 127.9% | 57.53% |
| 2019 | N/A | -7.7% | 42.9% | N/A |
Total Return Ranking - Trailing
| Period | WBSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.0% | -3.5% | 68.6% | 26.11% |
| 1 Yr | 9.7% | -2.2% | 64.2% | 31.85% |
| 3 Yr | 1.1%* | -15.1% | 62.1% | 21.01% |
| 5 Yr | 8.8%* | -4.3% | 45.1% | 13.89% |
| 10 Yr | N/A* | 1.2% | 24.6% | 5.50% |
* Annualized
Total Return Ranking - Calendar
| Period | WBSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.4% | -19.0% | 136.8% | 48.70% |
| 2022 | -21.3% | -59.9% | 44.3% | 14.45% |
| 2021 | 13.3% | -22.7% | 411.9% | 38.11% |
| 2020 | 38.8% | 1.5% | 150.8% | 47.36% |
| 2019 | N/A | 5.5% | 55.3% | N/A |
NAV & Total Return History
WBSRX - Holdings
Concentration Analysis
| WBSRX | Category Low | Category High | WBSRX % Rank | |
|---|---|---|---|---|
| Net Assets | 790 M | 209 K | 34.3 B | 45.00% |
| Number of Holdings | 93 | 7 | 1226 | 55.74% |
| Net Assets in Top 10 | 174 M | 53.8 K | 3.02 B | 48.89% |
| Weighting of Top 10 | 19.73% | 7.5% | 100.0% | 65.86% |
Top 10 Holdings
- Brink's Co/The 2.48%
- BWX Technologies Inc 2.46%
- Casella Waste Systems Inc 2.28%
- FIXED INC CLEARING CORP.REPO 1.92%
- Champion Homes Inc 1.89%
- Doximity Inc 1.85%
- Encompass Health Corp 1.83%
- Western Alliance Bancorp 1.68%
- ACV Auctions Inc 1.68%
- Zeta Global Holdings Corp 1.66%
Asset Allocation
| Weighting | Return Low | Return High | WBSRX % Rank | |
|---|---|---|---|---|
| Stocks | 98.07% | 92.05% | 107.62% | 50.93% |
| Other | 1.92% | -0.26% | 6.70% | 7.59% |
| Cash | 0.01% | 0.00% | 28.78% | 94.07% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 46.11% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 41.30% |
| Bonds | 0.00% | 0.00% | 2.40% | 40.74% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WBSRX % Rank | |
|---|---|---|---|---|
| Industrials | 23.51% | 0.00% | 36.64% | 7.04% |
| Healthcare | 22.69% | 0.00% | 47.90% | 50.37% |
| Technology | 20.98% | 2.91% | 75.51% | 76.67% |
| Consumer Cyclical | 12.62% | 0.00% | 24.04% | 43.33% |
| Energy | 4.67% | 0.00% | 55.49% | 19.63% |
| Consumer Defense | 4.26% | 0.00% | 13.56% | 43.15% |
| Basic Materials | 3.21% | 0.00% | 9.24% | 32.96% |
| Communication Services | 2.94% | 0.00% | 15.31% | 34.07% |
| Financial Services | 2.69% | 0.00% | 42.95% | 90.93% |
| Real Estate | 2.43% | 0.00% | 15.31% | 43.89% |
| Utilities | 0.00% | 0.00% | 5.57% | 58.52% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WBSRX % Rank | |
|---|---|---|---|---|
| US | 98.07% | 17.30% | 107.62% | 45.19% |
| Non US | 0.00% | 0.00% | 77.12% | 53.52% |
WBSRX - Expenses
Operational Fees
| WBSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.05% | 23.20% | 68.46% |
| Management Fee | 0.94% | 0.05% | 1.62% | 83.30% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| WBSRX 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
| WBSRX 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.
| WBSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 49.00% | 3.00% | 264.00% | 46.72% |
WBSRX - Distributions
Dividend Yield Analysis
| WBSRX | Category Low | Category High | WBSRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 51.48% |
Dividend Distribution Analysis
| WBSRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| WBSRX | Category Low | Category High | WBSRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.84% | -2.47% | 1.10% | 61.05% |
Capital Gain Distribution Analysis
| WBSRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.500 | CapitalGainLongTerm |
| Dec 15, 2022 | $1.012 | CapitalGainLongTerm |
| Dec 16, 2021 | $6.699 | OrdinaryDividend |
| Dec 17, 2020 | $3.832 | OrdinaryDividend |
| Dec 12, 2019 | $0.645 | CapitalGainLongTerm |
WBSRX - Fund Manager Analysis
Managers
Ward Sexton
Start Date
Tenure
Tenure Rank
Aug 02, 2016
5.83
5.8%
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.
Mark Thompson
Start Date
Tenure
Tenure Rank
Sep 14, 2020
1.71
1.7%
Mark Thompson, CFA, partner, is a portfolio manager on William Blair’s Small Cap Growth strategy. Previously, he was a research analyst and an associate portfolio manager on William Blair’s Small Cap Growth strategy. In Mark’s research role, he focused on U.S. small-cap stocks across sectors. Before joining the firm as a research analyst in 2006, he was a research generalist at Kidron Capital for three years. Before that, he was a research analyst covering healthcare at American Express for two years. Mark is a member of the CFA Institute and the CFA Society Chicago. He received a B.B.A. in finance (with an emphasis on accounting) and an M.B.A. (with an emphasis on finance) from the University of Iowa.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |