William Blair Small-Mid Cap Value Fund

Class Inst (WSMIX)

Fund Fees

Updated 12.31.2013

Maximum Sales Fees %
Initial
Deferred

Updated 12.31.2013

Maximum Fees %
Administrative
Management 1.0
Redemption 1.0

Updated 12.31.2013

Actual Fees %
12b-1
Management 1.0
Net Expense Ratio: Annual Report 1.15
Net Expense Ratio: Prospectus 1.15

Updated 03.05.2014

Total Cost Projections
3-Year $1,328.00
5-Year $2,517.00
10-Year $5,400.00

Purchase Information

Updated 12.31.2013

Minimum Investments
Initial $500,000.00
Additional
Initial IRA $500,000.00
Additional IRA
Initial AIP $5,000.00
Additional AIP $250.00