C000107902 Fees and Costs — William Blair Small-Mid Cap Value Fund, Class N
Data updated: 2025-04-30
The net expense ratio is 1.15%: a 0.85% management fee, a 0.25% 12b-1 fee plus 5.55% other expenses, less a 5.50% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $5K in broker commissions, 0.1541% of average net assets, and portfolio turnover was 44%.
C000107902 Fees and Expenses
Annual operating expenses and sales charges of C000107902. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 5.55% |
| Gross expense ratio | 6.65% |
| Fee waiver | −5.50% |
| 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 |
C000107902 Costs Over Time
On $10,000 invested in C000107902, assuming 5% a year before costs, total costs come to $811 over 5 years, cutting the return by 1.37% 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 | $376 | $649 |
| Trading costs (broker commissions) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $447 | $811 |
| Value after costs | $10,363 | $11,129 | $11,952 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
C000107902 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1541%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $17.9M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
C000107902 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $2K | 35.04% |
| J.P. Morgan Securities LLC | $1K | 20.67% |
| Credit Suisse Securities (USA) LLC | $621 | 12.58% |
| Robert W. Baird & Co. Incorporated | $621 | 12.57% |
| BofA Securities, Inc. | $528 | 10.69% |
| Jefferies LLC | $164 | 3.33% |
| Liquidnet, Inc. | $105 | 2.13% |
| Instinet, LLC | $78 | 1.57% |
| BTIG, LLC | $39 | 0.79% |
| Wells Fargo Securities, LLC | $32 | 0.64% |
C000107902 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $17.9M | 100.00% |
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.