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Morningstar Ratings

Morningstar Ratings - Class N    (For the Period ending 06/30/2010)
Large Growth Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
Growth Fund
Large Cap Growth Fund
# of Funds in Peer Group 1545 1545 1298 739
Small Growth Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
Small Cap Growth Fund
# of Funds in Peer Group 666 666 549 315
Mid-Cap Growth Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
Mid Cap Growth Fund    
Small-Mid Cap Growth Fund  
# of Funds in Peer Group 694 694 612
Small Value Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
Value Discovery Fund
# of Funds in Peer Group 321 321 251 129
Foreign Large Growth Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
International Growth Fund
International Equity Fund  
# of Funds in Peer Group 215 215 158 81
Foreign Small/Mid Growth Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
International Small Cap Growth Fund    
# of Funds in Peer Group 112 112
Diversified Emerging Mkts Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
Emerging Markets Growth Fund  
# of Funds in Peer Group 269 269 205
Intermediate-Term Bond Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
Bond Fund    
# of Funds in Peer Group 1011 1011
Short-Term Bond Rating Category Overall 3 Yrs. 5 Yrs. 10 Yrs.
Income Fund
# of Funds in Peer Group 398 398 336 180


Performance cited represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. Returns shown are average annual total returns, which assume reinvestment of dividends and capital gains. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares.

International investing involves special risk considerations, including currency fluctuations, lower liquidity, economic and political risk. Investing in emerging markets can increase these risks.

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.

Morningstar RatingsTM are as of 6/30/2010 and are subject to change every month. The ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each Category receive 5 stars, the next 22.5% receive 4 stars, the middle 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five, and ten-year (if applicable) Morningstar Rating metrics.