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Name

As of 10/11/2024

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

William Blair Emerging Markets Leaders Fund

WELNX | Fund

$9.80

$244 M

0.55%

$0.05

1.46%

Vitals

YTD Return

12.4%

1 yr return

22.7%

3 Yr Avg Return

-5.7%

5 Yr Avg Return

2.4%

Net Assets

$244 M

Holdings in Top 10

37.7%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 40.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$2,500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/11/2024

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

William Blair Emerging Markets Leaders Fund

WELNX | Fund

$9.80

$244 M

0.55%

$0.05

1.46%

WELNX - Profile

Distributions

  • YTD Total Return 12.4%
  • 3 Yr Annualized Total Return -5.7%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.48%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    William Blair Emerging Markets Leaders Fund
  • Fund Family Name
    William Blair
  • Inception Date
    May 03, 2010
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Todd McClone

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 emerging markets securities. 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), issued by emerging market companies of all sizes that the Adviser believes have above-average growth, profitability and quality characteristics. Under normal market conditions, the Fund typically holds a limited number of securities (i.e., 50‑80 securities). The Adviser seeks investment opportunities in companies at different stages of development, ranging from large, well-established companies to smaller companies at earlier stages of development, that are leaders in their country, industry or globally in terms of products, services or execution. Emerging market companies, for purposes of the Fund, are companies organized under the laws of an emerging market country or that have securities traded principally on an exchange or over-the-counter in an emerging market country. Currently, emerging markets include every country in the world except the United States, Canada, Japan, Australia, New Zealand, Hong Kong, Singapore and most Western European countries. The Fund’s investments are normally allocated among at least six different countries and no more than 50% of the Fund’s equity holdings may be invested in securities of issuers in one country at any given time.
In choosing investments, the Adviser performs fundamental company analysis and focuses on stock selection. The Adviser generally seeks equity securities, including common stocks, of emerging market companies that historically have had superior growth, profitability and quality relative to local markets and relative to companies within the same industry worldwide, and that are expected to continue such performance. Such companies generally will exhibit superior business fundamentals, including leadership in their field, quality products or services, distinctive marketing and distribution, pricing flexibility and revenue from products or services consumed on a steady, recurring basis. These business characteristics should be accompanied by management that is shareholder return-oriented and that uses conservative accounting policies. Companies with above-average returns on equity, strong balance sheets and consistent, above-average earnings growth at reasonable valuation levels will be the primary focus. Stock selection will take into account both local and global comparisons.
The Adviser will vary the Fund’s sector and geographic diversification based upon the Adviser’s ongoing evaluation of economic, market and political trends throughout the world. In making decisions regarding country allocation, the Adviser will consider such factors as the conditions and growth potential of various economies and securities markets, currency exchange rates, technological developments in the various countries and other pertinent financial, social, national and political factors.
Read More

WELNX - Performance

Return Ranking - Trailing

Period WELNX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.4% -12.4% 34.4% 64.24%
1 Yr 22.7% -3.7% 47.4% 61.57%
3 Yr -5.7%* -13.1% 12.6% 85.28%
5 Yr 2.4%* -3.7% 12.9% 88.75%
10 Yr 3.0%* -2.1% 7.3% 71.65%

* Annualized

Return Ranking - Calendar

Period WELNX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -6.5% 35.5% 83.38%
2022 -26.8% -50.1% -2.4% 71.47%
2021 -14.6% -33.1% 22.5% 85.21%
2020 26.2% -22.1% 80.1% 22.68%
2019 27.2% -0.7% 42.0% 7.93%

Total Return Ranking - Trailing

Period WELNX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.4% -12.4% 34.4% 64.24%
1 Yr 22.7% -3.7% 47.4% 61.57%
3 Yr -5.7%* -13.1% 12.6% 85.28%
5 Yr 2.4%* -3.7% 12.9% 88.75%
10 Yr 3.0%* -2.1% 7.3% 71.65%

* Annualized

Total Return Ranking - Calendar

Period WELNX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -2.7% 42.0% 89.66%
2022 -26.1% -42.2% 1.9% 75.36%
2021 -7.7% -32.5% 33.1% 87.04%
2020 27.2% -20.0% 81.6% 23.64%
2019 28.0% 2.3% 42.0% 13.39%

NAV & Total Return History

WELNX - Holdings

Concentration Analysis

WELNX Category Low Category High WELNX % Rank
Net Assets 244 M 682 K 103 B 63.04%
Number of Holdings 63 10 7534 78.66%
Net Assets in Top 10 86.3 M 290 K 23.8 B 61.92%
Weighting of Top 10 37.73% 2.9% 100.2% 35.34%

Top 10 Holdings

  1. Samsung Electronics Co Ltd 7.10%
  2. Taiwan Semiconductor Manufacturing Co Ltd 6.22%
  3. Tencent Holdings Ltd 4.83%
  4. Taiwan Semiconductor Manufacturing Co Ltd 3.67%
  5. MediaTek Inc 3.21%
  6. Kotak Mahindra Bank Ltd 2.76%
  7. Reliance Industries Ltd 2.70%
  8. SK Hynix Inc 2.49%
  9. WEG SA 2.45%
  10. Bank Central Asia Tbk PT 2.31%

Asset Allocation

Weighting Return Low Return High WELNX % Rank
Stocks 		101.03% 0.00% 107.82% 1.67%
Preferred Stocks 		0.00% 0.00% 13.31% 96.09%
Other 		0.00% -0.46% 26.93% 87.31%
Convertible Bonds 		0.00% 0.00% 7.40% 92.42%
Cash 		0.00% -2.03% 16.88% 99.16%
Bonds 		0.00% 0.00% 88.10% 92.33%

Stock Sector Breakdown

Weighting Return Low Return High WELNX % Rank
Financial Services 		22.89% 0.00% 48.86% 40.54%
Technology 		20.37% 0.00% 47.50% 65.82%
Industrials 		13.23% 0.00% 43.53% 8.90%
Consumer Cyclical 		10.88% 0.00% 48.94% 68.22%
Consumer Defense 		9.45% 0.00% 25.90% 16.53%
Communication Services 		8.15% 0.00% 39.29% 57.91%
Energy 		6.74% 0.00% 24.80% 17.23%
Basic Materials 		4.55% 0.00% 30.03% 76.27%
Healthcare 		3.73% 0.00% 16.53% 55.37%
Utilities 		0.00% 0.00% 39.12% 97.46%
Real Estate 		0.00% 0.00% 17.15% 98.87%

Stock Geographic Breakdown

Weighting Return Low Return High WELNX % Rank
Non US 		87.26% 0.00% 101.28% 43.93%
US 		13.77% 0.00% 100.13% 36.68%

WELNX - Expenses

Operational Fees

WELNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.46% 0.03% 29.98% 42.10%
Management Fee 0.94% 0.00% 2.00% 62.99%
12b-1 Fee 0.25% 0.00% 1.00% 55.23%
Administrative Fee N/A 0.01% 0.85% 80.26%

Sales Fees

WELNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WELNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 53.91%

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.

WELNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 189.00% 46.75%

WELNX - Distributions

Dividend Yield Analysis

WELNX Category Low Category High WELNX % Rank
Dividend Yield 0.55% 0.00% 9.74% 81.73%

Dividend Distribution Analysis

WELNX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

WELNX Category Low Category High WELNX % Rank
Net Income Ratio -0.48% -1.98% 17.62% 89.00%

Capital Gain Distribution Analysis

WELNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

WELNX - Fund Manager Analysis

Managers

Todd McClone

Start Date

Tenure

Tenure Rank

Mar 26, 2008

14.19

14.2%

Todd McClone, CFA, partner, is a portfolio manager for William Blair’s emerging markets strategies. Before joining the firm in 2000, he was a senior research analyst specializing in international equity for Strong Capital Management. Previously, he was a corporate finance research analyst with Piper Jaffray, where he worked with the corporate banking financials team on a variety of transactions, including initial public offerings, mergers and acquisitions, and subordinated debt offerings. He also issued fairness opinions and conducted private company valuations. Todd received a B.B.A. and B.A. from the University of Wisconsin–Madison.

Hugo Scott-Gall

Start Date

Tenure

Tenure Rank

Jan 24, 2022

0.35

0.4%

Hugo Scott‐Gall, partner, is a portfolio manager for the Global Leaders and Emerging Markets Leaders strategies, and Co-Director of Research for the Global Equity team. Before joining William Blair in 2018, Hugo was a managing director and head of the thematic research team at Goldman Sachs. In that role, he managed a global team of approximately 15 people who investigated thematic changes, analyzed their effects across industries, and sought to identify long‐term structurally advantaged companies. He and his team produced Fortnightly Thoughts, a publication offering thematic insights across sectors, and GS Sustain, a long‐term‐focused publication that sought to find best‐in‐breed companies, with environmental, social, and governance (ESG) analysis forming an integral part of the process. He also oversaw GS Dataworks, a team that used alternative data to augment fundamental research. Before his move into thematic research, Hugo was an equity research analyst covering European transportation companies. Before joining Goldman Sachs, he was an equity research analyst at Fidelity Investments.

Kenneth McAtamney

Start Date

Tenure

Tenure Rank

Jan 24, 2022

0.35

0.4%

Ken McAtamney, partner, is the head of the global equity team and a portfolio manager for William Blair’s International Growth, Global Leaders, International Leaders, and Emerging Markets Leaders strategies. Ken is also a member of the Investment Management leadership team. He was previously co-director of research and a mid-large-cap industrials and healthcare analyst. Before joining William Blair in 2005, Ken was a vice president at Goldman Sachs and Co., where he was responsible for institutional equity research coverage for both international and U.S. equity. Before that, he was a corporat

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.64 13.42

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