William Blair Commodity Strategy Long/Short Fund

Class Inst (WCSIX)

Fund Holdings

Asset Allocation

% Long % Net
Cash 4.46 4.46
Stocks 0.0 0.0
Bonds 87.1 87.1
Other 7.49 7.49
Foreign Bonds 0.95 0.95
Foreign Stocks 0.0 0.0
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 01.31.2014

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 01.31.2014

% Net Assets
FNMA 4.5% 9.81
Wb Cls Ltd Ibqs Mutual Fund 7.44
FNMA 3.5% 7.05
FNMA 4% 5.09
FNMA 4% 4.83
FNMA 4% 4.8
FHLMC 3.5% 4.42
FNMA 3.5% 3.89
FNMA 5.5% 3.58
FNMA 4% 3.49