William Blair Emerging Markets Small Cap Growth Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 1.97 0.0 1.97
Stocks 0.58 0.0 0.58
Bonds 0.0 0.0 0.0
Other 2.72 0.0 2.72
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 94.73 0.0 94.73
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 01.31.2014

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 01.31.2014

Ticker YTD Return % % Net Assets
Safaricom Ltd. SCOM --- 2.61
Hiwin Technologies Corp 2049 --- 1.96
Airtac International Group 1590 --- 1.76
NagaCorp Ltd. NGCRF -7.41 1.55
Coronation Fund Managers Ltd. CML --- 1.54
CIMC Enric Holdings Ltd. 03899 --- 1.53
Kroton Educacional S.A. KROTF --- 1.53
Vipshop Holdings Ltd ADR VIPS 52.68 1.53
Minth Group Ltd. 00425 --- 1.5
LPP S.A. LPP --- 1.48