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William Blair Emerging Markets Growth Fund
mutual fund
BIEMX
Payout Change
Pending
Price as of:
$13.34
+0.07
+0.53%
primary theme
Emerging Markets Equity
share class
BIEMX (Mutual Fund)
William Blair Emerging Markets Growth Fund
Payout Change
Pending
Price as of:
$13.34
+0.07
+0.53%
primary theme
Emerging Markets Equity
share class
BIEMX (Mutual Fund)
William Blair Emerging Markets Growth Fund
Payout Change
Pending
Price as of:
$13.34
+0.07
+0.53%
primary theme
Emerging Markets Equity
share class
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.6%
1 yr return
17.7%
3 Yr Avg Return
-5.6%
5 Yr Avg Return
4.9%
Net Assets
$816 M
Holdings in Top 10
36.3%
52 WEEK LOW AND HIGH
$13.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.08%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 52.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BIEMX - Profile
Distributions
- YTD Total Return 13.6%
- 3 Yr Annualized Total Return -5.6%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.27%
- Dividend Yield 0.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWilliam Blair Emerging Markets Growth Fund
-
Fund Family NameWilliam Blair
-
Inception DateOct 12, 2005
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTodd McClone
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in emerging markets securities. The Fund invests primarily in a diversified portfolio of equity securities, including common stocks and other forms of equity investments (e.g., securities convertible into common stocks), issued by emerging market companies of all sizes that the Adviser believes have above-average growth, profitability and quality characteristics. The Adviser seeks investment opportunities in companies at different stages of development ranging from large, well-established companies to smaller companies at earlier stages of development. Emerging market companies, for purposes of the Fund, are companies organized under the laws of an emerging market country or that have securities traded principally on an exchange or over-the-counter in an emerging market country. Currently, emerging markets include every country in the world except the United States, Canada, Japan, Australia, New Zealand, Hong Kong, Singapore and most Western European countries. The Fund’s investments are normally allocated among at least six different countries and no more than 50% of the Fund’s equity holdings may be invested in securities of issuers in one country at any given time.
Read More
In choosing investments, the Adviser performs fundamental company analysis and focuses on stock selection. The Adviser generally seeks equity securities, including common stocks, of emerging market companies that historically have had superior growth, profitability and quality relative to local markets and relative to companies within the same industry worldwide, and that are expected to continue such performance. Such companies generally will exhibit superior business fundamentals, including leadership in their field, quality products or services, distinctive marketing and distribution, pricing flexibility and revenue from products or services consumed on a steady, recurring basis. These business characteristics should be accompanied by management that is shareholder return-oriented and that uses conservative accounting policies. Companies with above-average returns on equity, strong balance sheets and consistent, above-average earnings growth will be the primary focus. Stock selection will take into account both local and global comparisons.
The Adviser will vary the Fund’s sector and geographic diversification based upon the Adviser’s ongoing evaluation of economic, market and political trends throughout the world. In making decisions regarding country allocation, the Adviser will consider such factors as the conditions and growth potential of various economies and securities markets, currency exchange rates, technological developments in the various countries and other pertinent financial, social, national and political factors.
BIEMX - Performance
Return Ranking - Trailing
| Period | BIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.6% | -11.8% | 39.7% | 20.97% |
| 1 Yr | 17.7% | -7.9% | 41.1% | 32.81% |
| 3 Yr | -5.6%* | -11.5% | 11.3% | 83.46% |
| 5 Yr | 4.9%* | -5.1% | 12.3% | 32.57% |
| 10 Yr | 4.9%* | -1.3% | 6.9% | 27.20% |
* Annualized
Return Ranking - Calendar
| Period | BIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.6% | -6.5% | 35.5% | 38.64% |
| 2022 | -33.2% | -50.1% | -2.4% | 91.20% |
| 2021 | -14.9% | -33.1% | 22.5% | 85.87% |
| 2020 | 35.2% | -22.1% | 80.1% | 7.14% |
| 2019 | 22.8% | -0.7% | 42.0% | 24.71% |
Total Return Ranking - Trailing
| Period | BIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.6% | -11.8% | 39.7% | 20.97% |
| 1 Yr | 17.7% | -7.9% | 41.1% | 32.81% |
| 3 Yr | -5.6%* | -11.5% | 11.3% | 83.46% |
| 5 Yr | 4.9%* | -5.1% | 12.3% | 32.57% |
| 10 Yr | 4.9%* | -1.3% | 6.9% | 27.20% |
* Annualized
Total Return Ranking - Calendar
| Period | BIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.3% | -1.0% | 42.0% | 57.24% |
| 2022 | -33.1% | -42.2% | 1.9% | 94.87% |
| 2021 | 3.4% | -32.5% | 33.1% | 28.88% |
| 2020 | 40.9% | -20.0% | 81.6% | 4.87% |
| 2019 | 28.3% | 2.3% | 42.0% | 11.26% |
NAV & Total Return History
BIEMX - Holdings
Concentration Analysis
| BIEMX | Category Low | Category High | BIEMX % Rank | |
|---|---|---|---|---|
| Net Assets | 816 M | 682 K | 103 B | 40.14% |
| Number of Holdings | 134 | 2 | 7534 | 35.89% |
| Net Assets in Top 10 | 307 M | 290 K | 23.8 B | 38.01% |
| Weighting of Top 10 | 36.30% | 2.9% | 101.1% | 45.74% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 9.71%
- Tencent Holdings Ltd 6.12%
- SK Hynix Inc 3.44%
- MercadoLibre Inc 3.06%
- Meituan 2.92%
- Samsung Electronics Co Ltd 2.85%
- Bank Central Asia Tbk PT 2.73%
- Taiwan Semiconductor Manufacturing Co Ltd 1.89%
- Trip.com Group Ltd 1.81%
- Reliance Industries Ltd 1.78%
Asset Allocation
| Weighting | Return Low | Return High | BIEMX % Rank | |
|---|---|---|---|---|
| Stocks | 101.32% | 0.00% | 103.28% | 2.55% |
| Other | 1.73% | -1.11% | 39.53% | 6.52% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 85.53% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 66.00% |
| Cash | 0.00% | -2.03% | 100.35% | 97.45% |
| Bonds | 0.00% | 0.00% | 95.13% | 69.79% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BIEMX % Rank | |
|---|---|---|---|---|
| Financial Services | 30.95% | 0.00% | 48.86% | 3.88% |
| Technology | 29.33% | 0.00% | 47.50% | 13.51% |
| Consumer Cyclical | 9.03% | 0.00% | 48.94% | 85.49% |
| Consumer Defense | 6.37% | 0.00% | 25.90% | 46.26% |
| Industrials | 6.09% | 0.00% | 43.53% | 47.84% |
| Communication Services | 5.39% | 0.00% | 39.29% | 82.90% |
| Basic Materials | 4.58% | 0.00% | 30.03% | 75.14% |
| Energy | 4.16% | 0.00% | 24.80% | 52.73% |
| Healthcare | 3.93% | 0.00% | 16.53% | 51.29% |
| Real Estate | 0.17% | 0.00% | 17.15% | 80.32% |
| Utilities | 0.00% | 0.00% | 39.12% | 90.37% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BIEMX % Rank | |
|---|---|---|---|---|
| Non US | 82.84% | 0.00% | 100.52% | 60.14% |
| US | 18.48% | 0.00% | 100.95% | 20.71% |
BIEMX - Expenses
Operational Fees
| BIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.08% | 0.03% | 29.98% | 69.13% |
| Management Fee | 0.94% | 0.00% | 2.00% | 64.06% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| BIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 52.00% | 0.00% | 189.00% | 59.09% |
BIEMX - Distributions
Dividend Yield Analysis
| BIEMX | Category Low | Category High | BIEMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.51% | 0.00% | 9.74% | 83.40% |
Dividend Distribution Analysis
| BIEMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BIEMX | Category Low | Category High | BIEMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.27% | -1.98% | 17.62% | 84.24% |
Capital Gain Distribution Analysis
| BIEMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.067 | OrdinaryDividend |
| Dec 15, 2022 | $0.017 | CapitalGainLongTerm |
| Dec 16, 2021 | $3.379 | OrdinaryDividend |
| Dec 17, 2020 | $0.783 | OrdinaryDividend |
| Dec 12, 2019 | $0.202 | OrdinaryDividend |
| Dec 12, 2019 | $0.401 | CapitalGainLongTerm |
| Dec 13, 2018 | $1.470 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.185 | OrdinaryDividend |
| Dec 14, 2017 | $0.168 | OrdinaryDividend |
| Dec 15, 2016 | $0.058 | OrdinaryDividend |
| Dec 17, 2015 | $0.121 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.018 | CapitalGainShortTerm |
| Dec 18, 2014 | $0.720 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.143 | OrdinaryDividend |
| Dec 19, 2013 | $0.249 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.078 | OrdinaryDividend |
| Dec 19, 2012 | $0.138 | OrdinaryDividend |
| Dec 15, 2011 | $1.833 | CapitalGainLongTerm |
| Dec 15, 2011 | $0.078 | OrdinaryDividend |
| Dec 16, 2010 | $0.181 | OrdinaryDividend |
| Dec 17, 2009 | $0.145 | OrdinaryDividend |
| Dec 18, 2008 | $0.225 | CapitalGainShortTerm |
| Dec 18, 2008 | $0.711 | CapitalGainLongTerm |
| Dec 19, 2007 | $1.437 | CapitalGainShortTerm |
| Dec 19, 2007 | $3.105 | CapitalGainLongTerm |
| Dec 19, 2007 | $0.194 | OrdinaryDividend |
| Dec 20, 2006 | $0.029 | CapitalGainShortTerm |
| Dec 20, 2006 | $0.081 | CapitalGainLongTerm |
| Dec 20, 2006 | $0.010 | OrdinaryDividend |
| Dec 29, 2005 | $0.011 | CapitalGainShortTerm |
| Dec 15, 2005 | $0.069 | CapitalGainShortTerm |
BIEMX - Fund Manager Analysis
Managers
Todd McClone
Start Date
Tenure
Tenure Rank
Jun 06, 2005
16.99
17.0%
Todd McClone, CFA, partner, is a portfolio manager for William Blair’s emerging markets strategies. Before joining the firm in 2000, he was a senior research analyst specializing in international equity for Strong Capital Management. Previously, he was a corporate finance research analyst with Piper Jaffray, where he worked with the corporate banking financials team on a variety of transactions, including initial public offerings, mergers and acquisitions, and subordinated debt offerings. He also issued fairness opinions and conducted private company valuations. Todd received a B.B.A. and B.A. from the University of Wisconsin–Madison.
Casey Preyss
Start Date
Tenure
Tenure Rank
May 01, 2015
7.09
7.1%
Casey Preyss, CFA, partner, is a portfolio manager for William Blair’s Emerging Markets Growth, Emerging Markets Small Cap Growth, China A-Shares Growth, China Growth, and Emerging Markets ex China Growth strategies. Since joining William Blair in 2000, he has been a research analyst covering industrials, IT, and resources stocks. Before taking on fundamental research responsibilities for William Blair’s global equity team, Casey was a quantitative analyst. Before joining the firm, he was an international equity research sales associate with Thomas White International. He received a B.S.B.A. from The Ohio State University and an M.B.A. from the University of Chicago’s Booth School of Business.
Vivian Thurston
Start Date
Tenure
Tenure Rank
Jul 12, 2021
0.88
0.9%
Vivian Lin Thurston, CFA, partner, is a portfolio manager for William Blair’s Emerging Markets Growth, China A-Shares Growth, China Growth, and Emerging Markets ex China Growth strategies. Previously, she was a global equity research analyst covering the China A-shares market and large-cap consumer companies. Before joining William Blair, Vivian was vice president and consumer sector head at Calamos Investments. Before that, she was an executive director and senior investment analyst at UBS Global Asset Management/Brinson Partners, where she was responsible for stock selection and research for consumer sectors in the United States and emerging markets. Vivian also held roles at Mesirow Financial, China Agribusiness Development Trust and Investment Corporation, and Vanke. She is a member of the CFA Institute and the CFA Society Chicago. She is also the founder and chairman of the board of the Chinese Finance Association of America, a 501(c) nonprofit organization. Vivian received a LL.B. in sociology from Peking University and an M.A. in sociology and M.S. in finance from the University of Illinois Urbana-Champaign.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
