William Blair Small-Mid Cap Value Fund

Data updated: 2025-04-30

C000107903 — William Blair Small-Mid Cap Value Fund. United States Mid Cap Value Equity · $1.23M AUM. Holdings, fees, performance and SEC filings.

C000107903 Fund Overview

William Blair Small-Mid Cap Value Fund is a US mutual fund managed by William Blair Funds, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: William Blair Funds
Category: United States Mid Cap Value Equity
Assets under management: $1.23M
1-year return: 63.3%
SEC CIK: 0000822632
SEC series ID: S000035064
Share class ID: C000107903

C000107903 Investment Objective and Strategy

William Blair Small-Mid Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by William Blair Funds.

Investment objective

The William Blair Small-Mid Cap Value Fund seeks long-term capital appreciation.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small capitalized (small cap) and medium capitalized (mid cap) companies. The Fund invests primarily in a diversified portfolio of equity securities, including common stocks and other forms of equity investments (e.g., securities convertible into common stocks), of small cap and mid cap domestic companies that the Adviser believes offer a long-term investment value. For purposes of the Fund, the Adviser considers a company to be a small cap or mid cap company if it has a market capitalization no larger than the largest capitalized company included in the Russell Midcap Index at the time of the Funds investment. Securities of companies whose market capitalizations no longer meet this definition after purchase may continue to be held in the Fund.

To a limited extent, the Fund may also purchase equity securities of companies with business characteristics and value prospects similar to small and mid cap companies, but that may have market capitalizations above the market capitalization of the largest member of the Russell Midcap Index. The Russell Midcap Index measures the performance of the 800 companies with the lowest market capitalizations in the Russell 1000 Index. The size of companies in the Russell Midcap Index may change with market conditions. In addition, changes to the composition of the Russell Midcap Index can change the market capitalization range of companies included in the index. As of June 23, 2017, the Russell Midcap Index included securities issued by companies that ranged in size between $65 million and $92 billion.

In choosing investments, the Adviser performs fundamental company analysis and focuses on stock selection. The Adviser evaluates the extent to which a company meets the following criteria set forth below. All of the criteria are evaluated relative to the valuation of the security. The weight given to a particular investment criterion will depend upon the circumstances, and Fund holdings may not meet all of the following criteria: (a) the companys current market value should reflect a material discount from the Advisers estimate of the companys value, (b) the company should have some distinctive attribute that cannot easily be duplicated by present or potential competitors (this may take the form of proprietary products or processes, a unique distribution system, an entrenched brand name or an especially strong financial position relative to its competition), (c) the company should have a reasonable expectation of improving its level of profitability, free cash flow, and return on invested capital over a three-year investment horizon, (d) the company should have a capable and skilled management team with a reasonable probability of successfully executing a clearly articulated and logical business strategy focused on creating shareholder value, (e) the company should have a relatively simple, clean financial structure and adhere to conservative and straightforward accounting practices, and (f) there should be the likelihood that management will be able to successfully execute a corporate transformation with a focus on improving cash flow and returns within a three-year investment horizon.

C000107903 Performance

Total returns for C000107903 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	63.3%

C000107903 Risk Information

Risk metrics for C000107903, derived from monthly returns in SEC filings.

1-year volatility (annualised): 15.4%

C000107903 Costs and Fees

C000107903 costs about $85 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.85%
Gross expense ratio: 5.98%
Portfolio turnover: 44%
Brokerage commissions: 15.41 bps of average net assets (SEC N-CEN)

C000107903 Cashflows

Over the 12 months to 2021-03, William Blair Small-Mid Cap Value Fund had net outflows of $5.35M, from monthly SEC N-PORT filings.

Month	Net flow
2021-03	−$243.85K
2021-02	−$28.67K
2021-01	−$109.79K
2020-12	$87.87K
2020-11	−$33.43K
2020-10	$34.34K

C000107903 Debt Constituents

No individual debt constituents are reported in William Blair Small-Mid Cap Value Fund's latest SEC N-PORT filing.

C000107903 Prospectus and SEC Filings

Official William Blair Small-Mid Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other United States Mid Cap Value Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.