Small Cap Value Fund

Investment Counselors of Maryland, LLC (ICM) is now part of William Blair Investment Management. As part of the merger, the ICM Small Company Portfolio (the “Target Fund”) has been reorganized into the William Blair Small Cap Value Fund (the “Acquiring Fund”) as of July 19, 2021. The performance data shown below reflects that of the post-Reorganization Fund.

For more information on the merger or the Small Cap Value Fund, please click here.

 

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As of 12/31/2021

Standardized Returns

  Month YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Life of Fund
7/19/2021
Small Cap Value Fund 6.05% -- -- -- -- -- 8.59%
Russell 2000® Value Index 4.08% -- -- -- -- -- 7.39%
Expense Ratio (Gross): 1.19%
Expense Ratio (Net): 1.15%

Calendar Year Total Returns

  2021†
Small Cap Value Fund 8.59%
Russell 2000® Value Index 7.39%
† Since Fund’s inception on 7/19/21 through 12/31/21.


The Fund’s Adviser has contractually agreed to waive fees and/or reimburse expenses to limit fund operating expenses until 4/30/23.

For most recent net asset values and year-to-date total return information, please click here.


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 and Class R6 shares are available only to investors who meet certain eligibility requirements.

 

Effective July 16, 2021, the ICM Small Company Portfolio (the “Predecessor Fund”) was reorganized into the William Blair Small Cap Value Fund. The Predecessor Fund's (Institutional Class shares) performance and financial history has been adopted by the William Blair Small Cap Value Fund (Class I shares). The Predecessor Fund had a different fee structure and performance would have been different if the fund's current fee structure had been in place during the period.


The Russell 2000® Value Index consists of small-capitalization companies with below average price-to-book ratios and forecasted growth rates. The Index is unmanaged, does not incur fees or expenses, and cannot be invested in directly.


The Morningstar Small Value Category represents the average annual composite performance of all mutual funds listed in the Small Value Category by Morningstar.