William Blair Mid Cap Value Fund
Fund
WVMIX
Price as of:
$10.65
+ $0.07
+ 0.66%
Primary Theme
fund company
Name
As of 04/23/2024Price
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
3.9%
1 yr return
15.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.5 M
Holdings in Top 10
21.0%
52 WEEK LOW AND HIGH
$10.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 8.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
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
WVMIX - Profile
Distributions
- YTD Total Return 3.9%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio N/A
- Dividend Yield 1.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameWilliam Blair Mid Cap Value Fund
-
Fund Family NameWilliam Blair
-
Inception DateMar 17, 2022
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Fleming
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 medium-capitalized (“mid cap”) companies. For purposes of the Fund, the Adviser considers a company to be a mid cap company if it has a market capitalization no smaller than the smallest capitalized company, and 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 and value prospects similar to mid cap companies, but that may have market capitalizations above the market capitalization of the largest member of the Russell Midcap® Index. The Fund may invest in equity securities listed on a national securities exchange or traded in the over‑the‑counter markets. The Fund invests primarily in common stocks, but it may also invest in other types of equity securities, including real estate investment trusts (“REITs”) and American Depositary Receipts (“ADRs”).
Read More
The Russell Midcap® Index measures the performance of the mid cap segment of the U.S. equity universe. The Russell Midcap® Index is a subset of the Russell 1000® Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership. The Russell Midcap® Index represents approximately 26% of the total market capitalization of the Russell 1000® companies as of March 31, 2023. The companies in the Russell Midcap® Index are considered representative of mid cap companies. 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 the companies included in the index. As of March 31, 2023, the Russell Midcap® Index included securities issued by companies that ranged in size between $542.8 million and $58.8 billion. The Russell Midcap® Value Index, the Fund’s benchmark, measures the performance of those Russell Midcap companies with lower price‑to‑book ratios and lower forecasted growth values.
In selecting investments for the Fund, the Adviser typically looks to invest in companies with leading market share positions, shareholder oriented managements, and strong balance sheet and cash flow ratios. Usually, the shares of the companies the Adviser buys are selling at a price to earnings ratio below the average price to earnings ratio of the stocks that comprise the Russell Midcap® Index. In addition, the companies selected by the Adviser usually have higher returns on equity and capital than the average company in the Russell Midcap® Index. The Adviser screens the Fund’s universe of potential investments to identify potentially undervalued securities based on factors such as financial strength, earnings valuation, and earnings quality. The Adviser further narrows the list of potential investments through traditional fundamental security analysis, which may include interviews with company management and a review of the assessments and opinions of outside analysts and consultants. Securities are sold when the Adviser believes the shares have become relatively overvalued or it finds more attractive alternatives. The Adviser generally will not sell a security merely due to market appreciation outside the Fund’s target capitalization range if it believes the company has valuation upside potential.
WVMIX - Performance
Return Ranking - Trailing
| Period | WVMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -3.4% | 10.6% | 46.11% |
| 1 Yr | 15.9% | -5.8% | 35.1% | 44.50% |
| 3 Yr | N/A* | -4.7% | 14.8% | N/A |
| 5 Yr | N/A* | -0.6% | 16.2% | N/A |
| 10 Yr | N/A* | 0.1% | 12.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | WVMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.5% | -11.3% | 33.3% | 28.23% |
| 2022 | N/A | -41.6% | 2.3% | N/A |
| 2021 | N/A | -41.5% | 44.9% | N/A |
| 2020 | N/A | -29.0% | 22.1% | N/A |
| 2019 | N/A | -8.1% | 31.2% | N/A |
Total Return Ranking - Trailing
| Period | WVMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.9% | -3.4% | 10.6% | 46.11% |
| 1 Yr | 15.9% | -5.8% | 35.1% | 44.50% |
| 3 Yr | N/A* | -4.7% | 14.8% | N/A |
| 5 Yr | N/A* | -0.6% | 16.2% | N/A |
| 10 Yr | N/A* | 0.1% | 12.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | WVMIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.2% | -3.7% | 36.5% | 42.74% |
| 2022 | N/A | -35.0% | 2.4% | N/A |
| 2021 | N/A | 6.2% | 48.3% | N/A |
| 2020 | N/A | -22.9% | 23.2% | N/A |
| 2019 | N/A | -3.0% | 35.7% | N/A |
NAV & Total Return History
WVMIX - Holdings
Concentration Analysis
| WVMIX | Category Low | Category High | WVMIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.5 M | 991 K | 28 B | 99.20% |
| Number of Holdings | 57 | 8 | 2449 | 79.14% |
| Net Assets in Top 10 | 306 K | 250 K | 4.28 B | 99.20% |
| Weighting of Top 10 | 20.98% | 5.0% | 104.2% | 54.55% |
Top 10 Holdings
- Snap-on Inc 2.38%
- Ralph Lauren Corp 2.28%
- Phillips 66 2.19%
- Toll Brothers Inc 2.18%
- Acuity Brands Inc 2.05%
- Timken Co/The 2.04%
- Host Hotels Resorts Inc 1.98%
- Ingredion Inc 1.98%
- Check Point Software Technologies Ltd 1.95%
- Cencora Inc 1.94%
Asset Allocation
| Weighting | Return Low | Return High | WVMIX % Rank | |
|---|---|---|---|---|
| Stocks | 96.41% | 56.38% | 102.65% | 85.03% |
| Cash | 3.59% | 0.00% | 43.98% | 16.31% |
| Preferred Stocks | 0.00% | 0.00% | 5.43% | 84.22% |
| Other | 0.00% | -1.97% | 8.33% | 85.83% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | N/A |
| Bonds | 0.00% | 0.00% | 27.69% | 83.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | WVMIX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 24.69% | N/A |
| Technology | 0.00% | 0.00% | 30.07% | N/A |
| Real Estate | 0.00% | 0.00% | 40.74% | N/A |
| Industrials | 0.00% | 0.00% | 29.02% | N/A |
| Healthcare | 0.00% | 0.00% | 32.47% | N/A |
| Financial Services | 0.00% | 0.00% | 60.11% | N/A |
| Energy | 0.00% | 0.00% | 29.17% | N/A |
| Communication Services | 0.00% | 0.00% | 19.80% | N/A |
| Consumer Defense | 0.00% | 0.00% | 33.79% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 29.62% | N/A |
| Basic Materials | 0.00% | 0.00% | 23.88% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | WVMIX % Rank | |
|---|---|---|---|---|
| US | 96.41% | 56.38% | 102.65% | 69.52% |
| Non US | 0.00% | 0.00% | 34.45% | 87.17% |
WVMIX - Expenses
Operational Fees
| WVMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 8.60% | 0.01% | 16.92% | 0.80% |
| Management Fee | 0.70% | 0.00% | 1.20% | 52.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| WVMIX 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% | 4.00% | N/A |
Trading Fees
| WVMIX 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.
| WVMIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 227.00% | N/A |
WVMIX - Distributions
Dividend Yield Analysis
| WVMIX | Category Low | Category High | WVMIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.44% | 0.00% | 23.17% | 55.76% |
Dividend Distribution Analysis
| WVMIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| WVMIX | Category Low | Category High | WVMIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.84% | 4.73% | N/A |
Capital Gain Distribution Analysis
| WVMIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.154 | OrdinaryDividend |
| Dec 16, 2022 | $0.097 | OrdinaryDividend |
WVMIX - Fund Manager Analysis
Managers
Matthew Fleming
Start Date
Tenure
Tenure Rank
Mar 15, 2022
0.21
0.2%
Matthew Fleming, CFA, an Associate of William Blair Investment Management, LLC. Mr. Fleming is a research analyst for the William Blair small- to mid‑cap value equity strategies. He focuses on the energy, utilities and industrials sectors. Before joining William Blair in 2021, Mr. Fleming was a member of the small- to mid‑cap value equity teams at Investment Counselors of Maryland, LLC. Before joining Investment Counselors of Maryland, LLC in 2008, Mr. Fleming was a senior research analyst at PNC Capital Advisors/Mercantile Capital Advisors from 2004 to 2008. Before becoming a research analyst, Mr. Fleming held various roles at GB Asset Advisors, Triumph Group, and BT Alex. Brown/Deutsche Bank AG. He has the Chartered Financial Analyst designation.
William Heaphy
Start Date
Tenure
Tenure Rank
Mar 15, 2022
0.21
0.2%
William V. Heaphy, an Associate of William Blair Investment Management, LLC. He joined William Blair in 2021. Previously, Mr. Heaphy was a Principal at Investment Counselors of Maryland, LLC. Mr. Heaphy joined ICM in 1994 as a security analyst in the equity research department, and joined the Small Cap Value team in 1999. Today, he serves the Firm as a member of the Management Committee and the Chief Investment Officer of the ICM Small-to-Mid Cap Value teams. Prior to joining ICM, Bill was an associate in the Baltimore law firm of Ober, Kaler, Grimes and Shriver, and before that, a staff auditor with Price Waterhouse. Bill earned his J.D. from the University of Maryland School of Law and his B.S. from Lehigh University. He holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.59 | 8.28 | 10.92 |