March 2018

Kiplinger's Personal Finance recently published an article highlighting the top-performing mutual funds of 2017 across several categories.

The William Blair Small Mid-Cap Growth Fund (Class N shares) ranked number eight out of 402 based on three-year annualized performance returns in the Midsize-Company Stock Funds Category. The Fund also ranked ninth out of 373 based on five-year annualized returns and 10th out of 315 based on 10-year annualized returns in the same category.

Kiplinger ranked the William Blair Emerging Markets Growth Fund (Class N shares) third  out of 232 based on one-year annualized performance returns in the Diversified Emerging Markets Funds Category while the William Blair Emerging Markets Small Cap Growth Fund took second out of 157 based on five-year annualized returns in the same category.

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Past performance does not guarantee future results. Kiplinger's mutual fund rankings are based on annualized total returns through December 31, 2017 and do not take into account sales loads and/or redemption fees. Funds with a minimum initial investment of greater than $100,000 or a track record of less than one year are excluded. Ratings and rankings are one measure of performance. Some of our Funds have experienced negative performance for the time periods shown. Complete performance information can be viewed here

Each Fund's returns will vary, and you could lose money by investing in the Funds.  Equity securities may decline in value due to both real and perceived general market, economic, and industry conditions.  International investing involves special risk considerations, including currency fluctuations, higher volatility, lower liquidity, economic and political risk. Investing in emerging markets can increase these risks. The securities of emerging market companies may be subject to greater volatility and less liquidity than companies in more developed markets. Individual securities may not perform as expected or a strategy used by the Adviser may fail to produce its intended result. Convertible securities may be called before intended, which may have an adverse effect on investment objectives.  Investing in smaller companies involves special risks, including higher volatility and lower liquidity.