Low Duration Fund
Ranked Among Best Ultrashort Bond Funds
August 4, 2016
U.S. News recently
ranked the William Blair Low Duration Fund #4 in the Ultrashort Bond category
on their list of Best Mutual Funds. The
list includes 160 ultrashort bond funds and highlights the top-rated funds for
long-term investors. U.S. News determines their rankings by
assigning a Mutual Fund Score to each fund based on ratings from Morningstar,
Lipper, Zacks, TheStreet.com, and Standard & Poor’s.
The William Blair Low Duration Fund seeks to
invest primarily in fixed income securities rated A- or higher. The Fund held
$148 million in assets as of June 30, 2016.
Learn more about the William Blair Low Duration Fund and current performance.
Read U.S. News’ Full Analysis of the William Blair Low Duration Fund
The Fund’s returns will vary, and you could lose
money by investing in the Fund. The Fund’s investments in obligations issued or
guaranteed by U.S. Government agencies or instrumentalities may not be backed
by the full faith and credit of the United States and may differ in the degree
of support provided by the U.S. Government. As interest rates rise, bond prices
will fall and bond funds become more volatile. The Fund is subject to credit
risk. The Fund’s net asset value and total return may be adversely affected by
the inability of the issuers of the Fund’s securities to make interest payments
or payment at maturity. International investing involves special risk
considerations, including currency fluctuations, lower liquidity, economic and
political risk. Investing in emerging markets can increase these risks,
including higher volatility and lower liquidity. The Fund’s investments in
collateralized mortgage obligations are subject to prepayment and extension
risk. Prepayment of high interest rate mortgage-backed securities during times
of declining interest rates will tend to lower the return of the Fund and may even
result in losses to the Fund if the prepaid securities were acquired at a
premium. Slower prepayments during periods of rising interest rates may
increase the duration of the Fund’s mortgage-backed securities and asset-backed
securities and reduce their value. This is not a money market fund. Rule 144A
securities are not registered for resale in the general securities market and
may be classified as illiquid. It may not be possible to sell or otherwise
dispose of illiquid securities both at the price and within a time period
deemed desirable by the Fund.
The U.S. News Mutual Fund Score is produced using an equal weighting of the overall ratings
provided by Morningstar, Lipper, Zacks, TheStreet.com, and Standard &
rating systems are normalized to a 100-point scale based on point totals
assigned to individual scoring systems. For Morningstar's and S&P's
five-star ranking and Zacks five-point scale, each star or point awarded would
receive 20 points. In TheStreet.com's A-to-E scale, a highly rated
"A" fund would receive 100 points, while a low-rated "E"
would receive 20 points. The five Lipper Leader categories are each worth a
total of 20 points, giving 4 points to each 1-to-5 point scale assigned to each
section of the Lipper rankings. The U.S. News score is calculated by
dividing total points awarded according to the above system by the number data
sources (5). The combined U.S. News Mutual Fund Score ranks funds
numerically based on this score. Funds with identical scores to one decimal
place are awarded the same numerical ranking.
Funds must be
ranked by all five data sources to receive a U.S. News Mutual Fund
The U.S. News Mutual Fund Score groups funds by their Morningstar fund category. However,
some systems use different categorizations when ranking funds.
Please carefully consider the Fund’s investment objective, risks,
charges, and expenses before investing. This and other information is contained
in the Fund’s prospectus, which you may obtain by calling +1 800 742 7272. Read
it carefully before you invest or send money. Investing includes the risk of
Distributed by William Blair & Company, L.L.C., member FINRA/SIPC.