March 2017

Kiplinger’s Personal Finance recently published an article highlighting the top-performing mutual funds of 2016 across several categories.

The William Blair Emerging Markets Small Cap Growth Fund (Class N shares) ranked number one based on five year annualized performance returns in the Diversified Emerging-Markets Fund Category. The Fund also ranked tenth based on three year annualized returns in the same category. As of December 31, 2016, the Fund (Class N shares) was ranked in the Diversified Emerging Markets Category as follows: 153 out of 157 funds for one year, 10 out of 137 funds for three years, and 1 out of 103 funds for five years (note inception date of 10/24/11).


Read the article

The Fund involves a high level of risk and may not be appropriate for everyone. You should only consider it for the aggressive portion of your portfolio. The Fund holds equities which 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. Individual securities may not perform as expected or a strategy used by the Adviser may fail to produce its intended result. To the extent the Fund invests a significant portion of its assets in one country, the Fund will be more vulnerable to the risks of adverse economic or political forces in that country. Currency rates may fluctuate significantly over short periods of time and may reduce the returns of a portfolio. 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. Diversification does not ensure against loss.

Kiplinger’s rankings are based on total returns through 12/31/16 and do not take into account sales loads and/or redemption fees. Any funds with an initial minimum investment requirement of more than $100,000 or a track record of less than one year as of 12/31/16 are excluded.

Past performance does not guarantee future results. Ratings and rankings are one measure of performance. Some of our Funds have experienced negative performance for the time periods shown.