BESIX Fees and Costs — William Blair Emerging Markets Small Cap Growth Fund, Class I
Data updated: 2026-08-14
The net expense ratio is 1.15%: a 1.10% management fee plus 0.33% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.8M in broker commissions, 0.4865% of average net assets, and portfolio turnover was 261%.
BESIX Fees and Expenses
Annual operating expenses and sales charges of BESIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BESIX Costs Over Time
On $10,000 invested in BESIX, assuming 5% a year before costs, total costs come to $1,011 over 5 years, cutting the return by 1.72% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.15%) | $121 | $374 | $645 |
| Trading costs (broker commissions) | $51 | $158 | $273 |
| Lost growth on money paid in costs | $0 | $26 | $93 |
| Total costs | $172 | $559 | $1,011 |
| Value after costs | $10,328 | $11,017 | $11,752 |
| Impact on return, per year | 1.72% | 1.72% | 1.72% |
BESIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.4865%
- Total broker commissions: $1.8M
- Bought from dealers (principal trades, not a cost): $702.9M
- Portfolio turnover (prospectus): 261%
- Securities lending: none during the year
BESIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $250K | 17.50% |
| J.P. Morgan Securities LLC | $223K | 15.61% |
| CLSA Americas, LLC | $211K | 14.72% |
| BofA Securities, Inc. | $197K | 13.78% |
| UBS Securities LLC | $151K | 10.53% |
| Goldman Sachs & Co. LLC | $144K | 10.06% |
| Citigroup Global Markets Inc. | $75K | 5.27% |
| Eurobank Ergasias Services and Holdings S.A. | $73K | 5.12% |
| Santander Securities LLC | $55K | 3.86% |
| Jefferies LLC | $51K | 3.55% |
BESIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $702.9M | 100.00% |
William Blair Emerging Markets Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WESJX | Class R6 | 1.10% | none |
| BESIX | Class I | 1.15% | none |
| WESNX | Class N | 1.40% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.