William Blair Small-Mid Cap Growth Fund Class N

This investment fund is designed to deliver substantial growth in capital over an extended period. Typically, it allocates at least 80% of its total net assets—including any funds acquired through borrowing for investment purposes—to equity holdings of companies with small and medium market capitalizations. The portfolio primarily consists of a diverse collection of equity-based instruments, such as common shares and other securities convertible into common stock, focusing on U.S.-based small- and mid-cap growth companies that are expected to demonstrate robust growth potential.