William Blair Small-Mid Cap Growth Fund (WSMDX)
Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in stocks of small capitalized ("small cap") and medium capitalized ("mid cap") companies. It 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), of small cap and mid cap domestic growth companies that are expected to exhibit quality growth characteristics.
Fund Info
US0930012952
093001295
Dec 29, 2003
$500,000
Mid-Cap
Growth
Expense Ratio
WSMDX has a high expense ratio of 1.10%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
William Blair Small-Mid Cap Growth Fund (WSMDX) returned -9.63% year-to-date (YTD) and -12.81% over the past 12 months. Over the past 10 years, WSMDX returned 1.93% annually, underperforming the S&P 500 benchmark at 10.69%.
WSMDX
-9.63%
7.88%
-23.77%
-12.81%
0.75%
1.93%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of WSMDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.32% | -6.84% | -8.04% | -2.82% | 5.06% | -9.63% | |||||||
| 2024 | -1.87% | 9.47% | 1.38% | -7.98% | 3.28% | -2.08% | 6.14% | 0.79% | 1.70% | -1.57% | 8.96% | -16.20% | -0.92% |
| 2023 | 10.61% | -2.69% | -2.08% | -0.55% | -1.25% | 8.02% | 2.31% | -3.21% | -5.23% | -6.80% | 9.47% | 1.98% | 9.19% |
| 2022 | -12.53% | 2.04% | 1.42% | -11.45% | -3.05% | -8.01% | 11.12% | -3.37% | -7.84% | 7.49% | 6.44% | -7.79% | -25.37% |
| 2021 | 1.05% | 4.59% | -1.56% | 4.49% | -3.88% | 3.51% | 0.24% | 1.94% | -3.30% | 6.26% | -5.76% | -7.66% | -1.17% |
| 2020 | 0.85% | -5.95% | -15.98% | 13.67% | 10.92% | 0.29% | 4.56% | 5.34% | -1.64% | 0.34% | 13.53% | 4.65% | 30.16% |
| 2019 | 9.72% | 6.59% | 0.12% | 4.29% | -4.48% | 6.71% | 2.62% | 0.21% | -1.98% | 0.07% | 4.47% | -6.96% | 22.02% |
| 2018 | 5.35% | -1.74% | 1.70% | -0.04% | 3.77% | 1.57% | 1.51% | 7.73% | -0.81% | -9.98% | 2.57% | -18.65% | -9.64% |
| 2017 | 2.40% | 4.24% | 1.97% | 3.21% | 1.60% | 1.75% | 0.77% | 1.28% | 2.99% | 2.78% | 3.03% | -5.41% | 22.28% |
| 2016 | -7.58% | -1.80% | 7.04% | 2.25% | 2.30% | -0.51% | 4.16% | -0.94% | -0.30% | -3.80% | 6.02% | -1.96% | 4.00% |
| 2015 | -1.70% | 7.36% | 1.91% | -1.34% | 1.85% | 0.91% | 2.08% | -5.20% | -3.57% | 3.45% | 1.57% | -7.00% | -0.57% |
| 2014 | -2.43% | 5.19% | -1.46% | -2.61% | 0.21% | 3.56% | -2.63% | 4.00% | -3.75% | 5.86% | 2.30% | -7.24% | 0.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WSMDX is 5, meaning it’s performing worse than 95% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for William Blair Small-Mid Cap Growth Fund (WSMDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the William Blair Small-Mid Cap Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the William Blair Small-Mid Cap Growth Fund was 52.67%, occurring on Nov 20, 2008. Recovery took 511 trading sessions.
The current William Blair Small-Mid Cap Growth Fund drawdown is 38.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.67% | Oct 10, 2007 | 282 | Nov 20, 2008 | 511 | Dec 2, 2010 | 793 |
| -46.58% | Nov 8, 2021 | 857 | Apr 8, 2025 | — | — | — |
| -39.11% | Sep 17, 2018 | 381 | Mar 23, 2020 | 100 | Aug 13, 2020 | 481 |
| -25.89% | Jul 8, 2011 | 61 | Oct 3, 2011 | 291 | Nov 30, 2012 | 352 |
| -25.4% | Aug 6, 2015 | 131 | Feb 11, 2016 | 286 | Mar 31, 2017 | 417 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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