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Trending ETFs

Name

As of 04/13/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.72

$74.9 M

1.41%

$0.14

0.40%

Vitals

YTD Return

-5.2%

1 yr return

-3.1%

3 Yr Avg Return

2.5%

5 Yr Avg Return

2.6%

Net Assets

$74.9 M

Holdings in Top 10

24.1%

52 WEEK LOW AND HIGH

$9.7
$9.72
$10.54

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 93.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/13/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.72

$74.9 M

1.41%

$0.14

0.40%

BBFIX - Profile

Distributions

  • YTD Total Return -5.2%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.84%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    William Blair Bond Fund
  • Fund Family Name
    William Blair
  • Inception Date
    May 01, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ruta Ziverte

Fund Description

 Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in bonds. Other types of income producing securities, such as convertible bonds, hybrid bonds and preferred stock, may also be considered in seeking to achieve the Fund’s investment objective. The Fund’s investments may have variable rates of interest. The Fund invests primarily in U.S. dollar denominated, investment grade fixed income securities. A security is considered to be investment grade if it is rated in one of the highest four categories by at least one nationally recognized statistical rating organization (“Rating Organization”). Up to 5% of the Fund’s net assets may be invested in fixed income securities that at the time of purchase are rated below
Baa3/BBB-
(commonly referred to as “high yield” or “junk” bonds), provided that the securities are rated “B3/B –” or higher by at least one Rating Organization issuing a rating or, if unrated, if the Adviser deems such securities to be of at least “B3/B –” quality at the time of purchase.
The Fund’s assets will principally be invested in obligations of, or guaranteed by, the U.S. Government, its agencies or instrumentalities; corporate debt securities issued by domestic and foreign companies; and mortgage-backed securities and asset-backed securities, which are debt securities issued by a corporation, trust or custodian, or by a U.S. Government agency or instrumentality, that are collateralized (i.e., secured as to payment of interest and/or principal) by a portfolio or pool of assets, such as mortgages, debit balances on credit card accounts or U.S. Government securities. The Fund may also invest in Rule 144A securities.
The anticipated average duration for the Fund is a range within one year longer or shorter than the average duration of the Bloomberg Barclays U.S. Aggregate Index (the “Benchmark”). As of March 17, 2021, the modified duration of the Benchmark was 6.41 years. The duration of an instrument is different from the maturity of an instrument in that duration measures the average period remaining until the discounted value of the amounts due (principal and interest) under the instrument are to be paid, rather than the instrument’s stated final maturity. In addition, portfolio duration of five years means that if interest rates increased by one percent, the value of the portfolio would decrease by approximately five percent. For purposes of calculating duration, instruments allowing prepayment will be assigned a prepayment schedule by the Adviser based upon industry experience.
In choosing investments, the Adviser emphasizes individual security selection, as well as shifts in the Fund’s portfolio among market sectors. To a lesser extent, the Adviser actively manages the Fund’s average duration relative to the Benchmark.
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BBFIX - Performance

Return Ranking - Trailing

Period BBFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -83.6% -0.6% 6.96%
1 Yr -3.1% -12.4% 15.0% 10.20%
3 Yr 2.5%* -2.2% 10.6% 24.04%
5 Yr 2.6%* -0.2% 6.3% 28.82%
10 Yr 3.0%* 0.1% 7.0% 23.88%

* Annualized

Return Ranking - Calendar

Period BBFIX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.3% -82.5% 1360.6% 83.00%
2022 4.0% -20.8% 1027.9% 50.49%
2021 6.8% -11.1% 23.0% 12.54%
2020 -6.4% -11.4% 6.8% 98.03%
2019 0.1% -49.5% 15.0% 90.94%

Total Return Ranking - Trailing

Period BBFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -83.6% -0.6% 2.38%
1 Yr -3.1% -13.9% 11.5% 9.01%
3 Yr 2.5%* -2.2% 8.7% 21.22%
5 Yr 2.6%* -0.4% 5.5% 25.00%
10 Yr 3.0%* 0.1% 6.5% 21.75%

* Annualized

Total Return Ranking - Calendar

Period BBFIX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.3% -82.5% 93.6% 83.00%
2022 4.0% -20.8% 1027.9% 50.49%
2021 6.8% -11.1% 23.0% 14.27%
2020 -6.4% -11.4% 6.8% 98.68%
2019 0.1% -49.5% 15.0% 93.53%

NAV & Total Return History


BBFIX - Holdings

Concentration Analysis

BBFIX Category Low Category High BBFIX % Rank
Net Assets 74.9 M 1.22 M 298 B 90.37%
Number of Holdings 30 1 18199 94.38%
Net Assets in Top 10 37.5 M -60.8 M 39.1 B 81.80%
Weighting of Top 10 24.05% 3.9% 100.0% 57.38%

Top 10 Holdings

  1. United States Treasury Bonds 3.88% 5.30%
  2. United States Treasury Bonds 1.125% 3.57%
  3. Federal National Mortgage Association 4% 3.50%
  4. United States Treasury Bonds 2% 3.50%
  5. Federal National Mortgage Association 4% 3.49%
  6. Federal National Mortgage Association 4% 3.46%
  7. Federal National Mortgage Association 4% 3.44%
  8. Federal National Mortgage Association 5.5% 3.14%
  9. Federal Home Loan Mortgage Corporation 6% 3.04%
  10. Federal National Mortgage Association 5.5% 2.98%

Asset Allocation

Weighting Return Low Return High BBFIX % Rank
Cash
64.19% -167.12% 100.00% 0.36%
Bonds
35.81% 0.00% 254.56% 99.47%
Stocks
0.00% -0.58% 24.74% 31.08%
Preferred Stocks
0.00% 0.00% 77.13% 38.27%
Other
0.00% -18.00% 15.41% 11.95%
Convertible Bonds
0.00% 0.00% 8.35% 83.85%

Bond Sector Breakdown

Weighting Return Low Return High BBFIX % Rank
Cash & Equivalents
64.22% 0.00% 100.00% 0.45%
Government
23.33% 0.00% 83.83% 54.06%
Securitized
12.45% 0.00% 98.59% 87.42%
Derivative
0.00% 0.00% 24.56% 33.36%
Corporate
0.00% 0.00% 100.00% 96.16%
Municipal
0.00% 0.00% 100.00% 73.42%

Bond Geographic Breakdown

Weighting Return Low Return High BBFIX % Rank
US
35.81% 0.00% 193.88% 99.29%
Non US
0.00% -27.76% 63.02% 93.93%

BBFIX - Expenses

Operational Fees

BBFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.01% 3.05% 75.43%
Management Fee 0.30% 0.00% 1.75% 25.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

BBFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BBFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BBFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.00% 2.00% 496.00% 38.93%

BBFIX - Distributions

Dividend Yield Analysis

BBFIX Category Low Category High BBFIX % Rank
Dividend Yield 1.41% 0.00% 3.71% 6.73%

Dividend Distribution Analysis

BBFIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

BBFIX Category Low Category High BBFIX % Rank
Net Income Ratio 1.84% -1.28% 8.97% 42.22%

Capital Gain Distribution Analysis

BBFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

BBFIX - Fund Manager Analysis

Managers

Ruta Ziverte


Start Date

Tenure

Tenure Rank

May 01, 2020

1.92

1.9%

Ruta Ziverte, a Partner of William Blair Investment Management, LLC, has co‑managed the Bond Fund since 2021, has co‑managed the Income Fund since 2020, and managed the Low Duration Fund since 2021. Ms. Ziverte oversees the fixed income team at William Blair. She was responsible for developing and executing our fixed-income growth strategy (in conjunction with other members of the team), team leadership, and select portfolio management. Before joining William Blair in 2019, Ruta worked at Oppenheimer Funds, where she was the portfolio manager for the Global High Yield Fund and co-portfolio manager for the Global Strategic Income Fund. She also led a team of fixed-income credit analysts. Before joining Oppenheimer Funds in 2015, Ruta worked at GE Asset Management, where she most recently served as executive managing director and high-yield portfolio manager. Previously at GE, Ruta was a team leader and senior analyst, co-managing a leveraged finance research team, and was responsible for developing and implementing the firm's credit processes and procedures. Earlier in her career, Ruta was a credit analyst with Citigroup/Travelers Life and Annuity. She also worked at Phoenix Investment Partners. Ruta received a B.S. Finance from the University of Latvia and an M.B.A. from Rensselaer Polytechnic Institute.

Vesta Marks


Start Date

Tenure

Tenure Rank

Jul 12, 2021

0.72

0.7%

Vesta Marks, CFA, an Associate of William Blair Investment Management, LLC, most recently was a portfolio manager and Managing Director of Fixed Income and Risk Management at Tortoise Capital Advisors. Before joining Tortoise in 2019, he served as Executive Director and Portfolio Manager at Palmer Square Capital Management LLC from 2015 to 2018. Prior to Palmer Square, Vesta was a Portfolio Manager at Semper Capital Management from 2007 to 2014. Vesta joined Semper Capital Management in 2003. Mr. Vesta is a member of the CFA Institute. He is also a member of the Chartered Alternative Investment Analyst Association. Education: Bachelor of Science degree in mathematics from the Massachusetts Institute of Technology (MIT). Vesta has many years of experience in the financial services industry, primarily focused on the analysis and portfolio management of securitized debt instruments. Vesta has primary responsibility for asset-backed and commercial mortgage-backed analysis and trading as well as responsibility for analysis and trading of short duration securities, non-agenc and agency RMBS. He also served as a portfolio analyst at Earnest Partners, modeling and analyzing portfolios of small business loans, GNMA project loans and RMBS. In addition, he formerly worked as a sell-side analyst at Independent Banker's Bank of Florida, where he analyzed banks' securities portfolios, worked with ALM committees, and assessed the valuation and risks of loan portfolios.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.26 6.58 1.0