RSMVX Fees and Costs — William Blair Small-Mid Cap Value Fund, Class R6
Data updated: 2026-08-14
The net expense ratio is 0.80%: a 0.80% management fee plus 4.19% other expenses, less a 4.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0326% of average net assets, and portfolio turnover was 40%.
RSMVX Fees and Expenses
Annual operating expenses and sales charges of RSMVX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.19% |
| Gross expense ratio | 4.99% |
| Fee waiver | −4.19% |
| Net expense ratio | 0.80% |
| 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 | Yes |
RSMVX Costs Over Time
On $10,000 invested in RSMVX, assuming 5% a year before costs, total costs come to $523 over 5 years, cutting the return by 0.87% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $87 | $287 | $523 |
| Value after costs | $10,413 | $11,289 | $12,240 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
RSMVX 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): 0.0326%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $23.1M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
RSMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC | $268 | 27.72% |
| Robert W. Baird & Co. Incorporated | $135 | 14.03% |
| Stephens Inc. | $101 | 10.43% |
| Jefferies LLC | $81 | 8.36% |
| Raymond James & Associates, Inc. | $79 | 8.19% |
| Virtu Americas LLC | $71 | 7.37% |
| Piper Sandler & Co. | $66 | 6.87% |
| JonesTrading Institutional Services LLC | $58 | 5.98% |
| Keefe, Bruyette & Woods, Inc. | $55 | 5.68% |
| Morgan Stanley & Co. LLC | $52 | 5.38% |
RSMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $23.1M | 100.00% |
William Blair Small-Mid Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RSMVX | Class R6 | 0.80% | none |
| ISMVX | Class I | 0.85% | 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.