KIPLINGER'S NAMES TOP-PERFORMING FUNDS OF 2016
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).
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
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.