William Blair Small Cap Value Fund Class N
WBVDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 150 North Riverside Plaza Chicago IL United States of America 60606
- IPO Date
- Jan 2, 2019
- CIK
- 0000822632
- Similar Companies
- Business
- William Blair Small Cap Value Fund Class N (WBVDX) is a mutual fund managed by William Blair Investment Management that seeks long-term capital appreciation by investing primarily in equity securities of small-capitalization companies trading at discounts to their intrinsic value; it maintains at least 80% of its net assets in such small-cap equities, emphasizing quality firms with solid balance sheets, free cash flow generation, and strong management teams as capital stewards. The fund offers Class N shares with a gross expense ratio of approximately 1.15%, alongside Class I (ICSCX) shares featuring a lower net expense ratio of 0.89% through April 30, 2026, via contractual fee waivers; its portfolio typically holds around 104 securities across sectors like financials (26%), industrials (26%), and information technology (10%), with top holdings including Banc of California, Gulfport Energy, and Texas Capital Bancshares. Operated within the small value segment of the U.S. equity market, the fund targets institutional and retail investors seeking exposure to undervalued small caps similar to the Russell 2000 Value Index benchmark, with a weighted average market cap of about $3.94 billion and median market cap of $3.23 billion as of late 2025. William Blair Investment Management, part of the employee-owned William Blair & Company founded in 1935 and headquartered in Chicago, Illinois, provides this strategy through its U.S. value equity team led by portfolio managers Matthew Fleming, CFA (since 2021), William Heaphy, CFA (since 2021), and Mark Goodman, CFA (since 2025). In a significant reorganization effective July 16, 2021, the ICM Small Company Portfolio from acquired Investment Counselors of Maryland was merged into the William Blair Small Cap Value Fund, adopting the predecessor's performance history while transitioning to the current fee structure. The firm broadened its value offerings in August 2023 with the launch of the William Blair Small-Mid Cap Value Fund (ISMVX), co-managed by Heaphy and Fleming, reflecting ongoing expansion in value equity strategies. Recent portfolio adjustments include navigating challenges from holdings like Pinnacle Financial Group's proposed merger with Synovus Financial Corp and sector shifts amid 2025 Federal Reserve rate cuts to 4.00%-4.25%.