William Blair China Growth Fund Class R6 NMFQS:WRCGX

Under normal circumstances, the fund invests at least 80% of its net assets in securities of companies with their principal office in the People’s Republic of China (“PRC”). The PRC shall include mainland China, Hong Kong and Macau but exclude Taiwan. The fund invests primarily in a portfolio of equity securities, including common stocks and other forms of equity investments (e.g., securities convertible into common stocks), of companies of all sizes that the adviser believes have above-average growth, profitability and quality characteristics. The fund is non-diversified.