William Blair Macro Allocation Fund Receives Morningstar Bronze Medal Rating

 

 

 January 2017


The long-tenured Dynamic Allocation Strategies team, led by Co-Portfolio Managers Brian Singer, CFA, and Thomas Clarke, earned the William Blair Macro Allocation Fund’s initial Morningstar Bronze Metal Rating, according to Morningstar.

 

Morningstar’s analysis highlights several positive characteristics of the Macro Allocation Fund:


• Singer has employed this style of global macro investing since the 1990s, and he and his team have worked together for more than 10 years. “Overall, we have confidence in the team and their commitment to this style of investing,” said Morningstar.
• The investment team identifies value/price discrepancies across asset classes and currencies, and then uses macroeconomic and geopolitical analysis to determine appropriate long and short exposures to these fundamental opportunities.
• The Fund, which has below-average fees, has delivered above-average performance since inception, outperforming nearly 90% of its Morningstar Multialternative Category peers for the five-year period ending December 2016.

 

Important Disclosures
© 2017 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.


The Morningstar Analyst Rating is the sum¬mary expression of Morningstar’s forward-looking analysis of a fund. The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Analysts use this five pillar evaluation to determine how they believe funds are likely to perform over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflect an Analyst’s conviction in a fund’s prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 14 months.


For more detailed information about Morningstar's Analyst Rating, including its methodology, please go to http://corporate.morningstar.com/us/documents/MethodologyDocuments/AnalystRatingfor-FundsMethodology.pdf

 

The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar's expectations not to occur or to differ significantly from what we expected.

 

 

Performance cited represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. Returns shown assume reinvestment of dividends and capital gains. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. For the most current month-end performance information, please call +1 800 742 7272, or visit our Web site at www.williamblairfunds.com. Class N shares are available to the general public without a sales load. Class I shares are available only to investors who meet certain eligibility requirements.

 

Expense ratio2:

• Class I: 1.28% (Gross); 1.10% (Capped)

• Class N: 1.56% (Gross); 1.35% (Capped)

 

Expenses shown are as of the most recent prospectus. The Fund's Adviser has contractually agreed to waive fees and/or reimburse expenses to limit fund operating expenses until 4/30/17. The Capped Expense does not reflect acquired fund fees and expenses of 0.14%. The Fund’s net expenses paid may be different. Please refer to the Fund’s Prospectus for more information on the Fund’s expenses.

 

The Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index measures total return on cash, including price and interest income, based on short-term government Treasury Bills of about 90-day maturity.

 

It is not possible to directly invest in an unmanaged index.


The Morningstar Multialternative Category represents the average annual composite performance of all mutual funds listed in the Multi-Alternative Category by Morningstar. Morningstar’s Multi-Alternative Category includes a variety of strategies focused on total return across a broad mandate.