WSMRX: William Blair Small-Mid Cap Growth Fund

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WSMRX William Blair Small-Mid Cap Growth Fund


Profile

WSMRX - Profile

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $3.16 B
  • Holdings in Top 10 23.6%

52 WEEK LOW AND HIGH

$28.87
$18.24
$30.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

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

BROKERAGE FEES

  • Turnover 56.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.46%
DIVIDENDS
  • Dividend Yield 6.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    William Blair Small-Mid Cap Growth Fund
  • Fund Family Name
    William Blair
  • Inception Date
    May 02, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Lanphier

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") and medium capitalized ("mid cap") companies. It 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 and mid cap domestic growth companies that are expected to exhibit quality growth characteristics.


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Categories

Performance

WSMRX - Performance

Return Ranking - Trailing

Period WSMRX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -23.6% 1956.6% 69.01%
1 Yr 2.5% -66.9% 2054.7% 75.99%
3 Yr N/A* -45.6% 181.0% 7.06%
5 Yr N/A* -31.5% 94.8% 4.51%
10 Yr N/A* -13.6% 21.5% 6.98%

* Annualized

Return Ranking - Calendar

Period WSMRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -50.2% 44.9% N/A
2018 N/A -51.7% 5.6% N/A
2017 N/A -21.1% 34.8% N/A
2016 N/A -61.7% 40.3% N/A
2015 N/A -54.0% 12.2% N/A

Total Return Ranking - Trailing

Period WSMRX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -23.6% 1956.6% 69.01%
1 Yr 2.5% -66.9% 2054.7% 75.99%
3 Yr N/A* -41.3% 181.0% 8.97%
5 Yr N/A* -24.4% 94.8% 7.94%
10 Yr N/A* -11.4% 21.5% 8.38%

* Annualized

Total Return Ranking - Calendar

Period WSMRX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -50.2% 44.9% N/A
2018 N/A -51.7% 12.2% N/A
2017 N/A -7.0% 39.4% N/A
2016 N/A -61.7% 40.3% N/A
2015 N/A -54.0% 12.2% N/A

NAV & Total Return History


Holdings

WSMRX - Holdings

Concentration Analysis

WSMRX Category Low Category High WSMRX % Rank
Net Assets 3.16 B 899 K 34.4 B 26.33%
Number of Holdings 73 16 2584 58.19%
Net Assets in Top 10 687 M 192 K 7.15 B 29.00%
Weighting of Top 10 23.61% 6.9% 96.0% 52.67%

Top 10 Holdings

  1. Horizon Therapeutics PLC 3.32%
  2. BWX Technologies Inc 2.85%
  3. Grand Canyon Education Inc 2.76%
  4. Penumbra Inc 2.21%
  5. Encompass Health Corp 2.15%
  6. Trex Co Inc 2.12%
  7. Etsy Inc 2.11%
  8. Martin Marietta Materials Inc 2.10%
  9. NICE Ltd ADR 2.06%
  10. Zynga Inc Class A 1.93%

Asset Allocation

Weighting Return Low Return High WSMRX % Rank
Stocks
98.96% 82.46% 117.39% 41.81%
Cash
1.04% -22.20% 17.54% 58.90%
Preferred Stocks
0.00% 0.00% 1.64% 58.72%
Other
0.00% -12.49% 4.82% 59.07%
Convertible Bonds
0.00% 0.00% 0.12% 55.34%
Bonds
0.00% 0.00% 2.13% 56.23%

Stock Sector Breakdown

Weighting Return Low Return High WSMRX % Rank
Technology
27.46% 0.00% 58.99% 74.73%
Healthcare
25.30% 0.00% 40.78% 20.28%
Industrials
17.29% 0.00% 35.43% 16.73%
Consumer Cyclical
10.09% 0.35% 58.93% 80.78%
Consumer Defense
7.06% 0.00% 16.42% 6.05%
Communication Services
4.62% 0.00% 23.90% 47.69%
Financial Services
3.04% 0.00% 38.56% 86.12%
Basic Materials
2.13% 0.00% 18.77% 29.89%
Real Estate
1.96% 0.00% 17.76% 64.77%
Energy
1.06% 0.00% 47.75% 16.01%
Utilities
0.00% 0.00% 6.18% 65.66%

Stock Geographic Breakdown

Weighting Return Low Return High WSMRX % Rank
US
93.06% 81.17% 107.56% 58.01%
Non US
5.90% 0.00% 17.06% 36.30%

Expenses

WSMRX - Expenses

Operational Fees

WSMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.05% 27.43% 58.58%
Management Fee 1.00% 0.00% 1.50% 96.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

WSMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WSMRX 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.

WSMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 1.93% 385.00% 59.35%

Distributions

WSMRX - Distributions

Dividend Yield Analysis

WSMRX Category Low Category High WSMRX % Rank
Dividend Yield 6.66% 0.00% 38.05% 1.25%

Dividend Distribution Analysis

WSMRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

WSMRX Category Low Category High WSMRX % Rank
Net Income Ratio -0.46% -2.56% 1.52% 61.69%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WSMRX - Fund Manager Analysis

Managers

Robert Lanphier


Start Date

Tenure

Tenure Rank

Dec 29, 2003

16.68

16.7%

Rob Lanphier is a portfolio manager on William Blair's Mid Cap Growth, Small-Mid Cap Growth, and Small-Mid Cap Core strategies. He co-founded the Mid Cap Growth strategy 1997 and the Small-Mid Cap Growth strategy in 1998. Before that, he was with William Blair's sell-side institutional sales group for eight years. He joined William Blair in 1987. Before joining the investment industry, Rob was with Emerson Electric Corporation for nearly six years. He received a B.S. with honors, from Purdue University and an M.B.A. from Northwestern University's Kellogg Graduate School of Management.

Daniel Crowe


Start Date

Tenure

Tenure Rank

Dec 03, 2015

4.75

4.8%

Dan Crowe 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 of Chicago. He received a B.S. in mechanical engineering from the University of Illinois at Urbana-Champaign.

James Jones


Start Date

Tenure

Tenure Rank

Sep 30, 2019

0.92

0.9%

James Jones, a Partner of William Blair Investment Management, LLC. He joined William Blair in 2010 as a research analyst focusing on U.S. small-cap industrials. From 2017 to 2019, he was a co-director of research for the U.S. Growth Equity team at William Blair. Before joining William Blair in 2010, he was an investment analyst at Federated Investors. He has the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. Education: B.S., Accounting, Miami University; M.B.A., the University of North Carolina.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 33.68 8.32 0.5