William Blair Macro Allocation Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 50.13 0.01 50.12
Stocks 47.44 9.03 38.4
Bonds 37.62 0.0 37.62
Other 12.91 11.59 1.32
Foreign Bonds 17.88 81.38 -63.5
Foreign Stocks 79.87 43.86 36.01
Convertible 0.0 0.0 0.0
Preferred 0.03 0.0 0.03

Updated 01.31.2014

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 01.31.2014

% Net Assets
iShares Russell 1000 Value 31.48
Us 10yr Note (Cbt)mar14 Xcbt 20140320 29.5
iShares MBS 22.85
iShares iBoxx $ Invst Grade Crp Bond 19.86
Euro-Bund Future Mar14 Xeur 20140306 19.3
S+p500 Emini Fut Mar14 Xcme 20140321 16.61
Euro Stoxx 50 Mar14 Xeur 20140321 15.79
SPDR S&P 500 14.39
Ftse/Mib Idx Fut Mar14 Xdmi 20140321 13.38
Ibex 35 Indx Futr Feb14 Xmrv 20140221 13.24

Bond Ratings (%)

Updated 01.31.2014

Sector WMCIX
AAA 0.64
AA 47.16
A 21.94
BBB 14.19
BB 5.07
B 5.31
Below B 2.31
Other 3.39