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Fund Overview


Mid Cap Growth Fund
Quarterly Review
June 30, 2010

Investment Objective

Long-term capital appreciation
Equity Style:

Fund Characteristics

  • Common stocks of medium-sized, domestic growth companies
  • Investment Approach

    • Invests in quality companies that are expected to experience solid growth in earnings
    • The investment process relies on thorough, in-depth fundamental research of a company, its competitors, suppliers and/or customers
    • Invests in companies that are expected to meet some if not all of the following criteria: market leadership, a distinctive attribute that cannot easily be replicated by competitors, quality products or services, a distinctive capability in sales, service or distribution, value to customer, and conservative financial policies and accounting practices

    What Makes this Fund Different?

    • Draws on a long and distinguished William Blair & Company tradition of investing in quality growth companies.
    • Experienced management team.
    • Designed to exploit the fastest growing areas of our research universe.
    • William Blair’s research infrastructure of Portfolio Managers and Research Analysts provides critical Team support.
    Investing in smaller and medium capitalization companies involves special risks, including higher volatility and lower liquidity.  Mid Cap stocks are also more sensitive to purchase/sale transactions and changes in the issuer's financial condition.