# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-23-029958
**Filing Date:** 2023-2
**Character Count:** 53821
**Document Hash:** 61f11d28f66f8a241b665407aa874416
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-029958.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-029958

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAM BLAIR FUNDS
- **CENTRAL INDEX KEY:** 0000822632
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05344
- **FILM NUMBER:** 23645629

**BUSINESS ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3123648000

**MAIL ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILLIAM BLAIR MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19960112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLAIR WILLIAM READY RESERVES INC
- **DATE OF NAME CHANGE:** 19920316

## Series and Classes Contracts Data

### William Blair Emerging Markets Growth Fund (Series ID: S000008596)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023528 | Class N      | WBENX           |
| C000023529 | Class I      | WBEIX           |
| C000023530 | Class R6     | BIEMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** WILLIAM BLAIR FUNDS

- **b. Investment Company Act file number:** 811-05344

- **c. CIK number of Registrant:** 0000822632

- **d. LEI of Registrant:** SNQR0U5FDV8EZZX4W051

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 150 NORTH RIVERSIDE PLAZA

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-364-8000

**Item A.2. Information about the Series.**

- **a. Name of Series:** William Blair Emerging Markets Growth Fund

- **b. EDGAR series identifier (if any):** S000008596

- **c. LEI of Series:** JIB9L3873X6222B3QS27

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $672996026.48

**Total Liabilities:** $2015221.18

**Net Assets:** $670980805.30

**Cash Not Reported:** $1312524.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023530 | -2.09%               | 8.72%                | -4.40%               |
| Class ID C000023529 | -2.21%               | 8.73%                | -4.36%               |
| Class ID C000023528 | -2.16%               | 8.72%                | -4.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18845283.28            | $6083720.22                                |
| Month 2  | $-13653810.00            | $68855005.57                               |
| Month 3  | $-7407218.75             | $-24224736.84                              |

### Schedule of Portfolio Investments

| Name                                              | Title                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hypera SA                                         | Hypera SA                                         | CUSIP: 000000000<br>LEI: 25490092WKPBKTIZX403 | Long             | EC               | CORP              | BR        |    669900 | NS      | $5735021.54   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Healthcare Institute Ltd                      | Max Healthcare Institute Ltd                      | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    444321 | NS      | $2364198.04   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| eMemory Technology Inc                            | eMemory Technology Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     42000 | NS      | $1824274.86   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd            | Contemporary Amperex Technology Co Ltd            | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     62300 | NS      | $3525765.78   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chailease Holding Co Ltd                          | Chailease Holding Co Ltd                          | CUSIP: 000000000<br>LEI: 529900L76E6T0JCM3J27 | Long             | EC               | CORP              | KY        |    632190 | NS      | $4463412.99   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Kweichow Moutai Co Ltd                            | Kweichow Moutai Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     60274 | NS      | $14973775.91  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuliangye Yibin Co Ltd                            | Wuliangye Yibin Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    329999 | NS      | $8577401.11   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd               | Shenzhen Inovance Technology Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    427863 | NS      | $4277583.68   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Fine Organic Industries Ltd                       | Fine Organic Industries Ltd                       | CUSIP: 000000000<br>LEI: 335800TTFT4VQ3O2OJ88 | Long             | EC               | CORP              | IN        |     22840 | NS      | $1582207.66   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BDO Unibank Inc                                   | BDO Unibank Inc                                   | CUSIP: 000000000<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |   1849974 | NS      | $3508900.49   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Americana Restaurants International PLC           | Americana Restaurants International PLC           | CUSIP: 000000000<br>LEI: 549300EYHRPEZ6UVAM64 | Long             | EC               | CORP              | AE        |   2412322 | NS      | $1950824.03   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Unilever Ltd                            | Hindustan Unilever Ltd                            | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |    110822 | NS      | $3434638.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Dixon Technologies India Ltd                      | Dixon Technologies India Ltd                      | CUSIP: 000000000<br>LEI: 335800D7XO7AVXXJ8575 | Long             | EC               | CORP              | IN        |     32272 | NS      | $1523684.66   | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Arabian Internet & Communications Services Co     | Arabian Internet & Communications Services Co     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     29454 | NS      | $1902988.61   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Huaneng Lancang River Hydropower Inc              | Huaneng Lancang River Hydropower Inc              | CUSIP: 000000000<br>LEI: 30030082YV5CD400SM55 | Long             | EC               | CORP              | CN        |   3825909 | NS      | $3632348.84   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Adani Ports & Special Economic Zone Ltd           | Adani Ports & Special Economic Zone Ltd           | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | EC               | CORP              | IN        |    187388 | NS      | $1855080.04   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Localiza Rent a Car SA                            | Localiza Rent a Car SA                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      1370 | NS      | $2792.03      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dallah Healthcare Co                              | Dallah Healthcare Co                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     39369 | NS      | $1550455.56   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Page Industries Ltd                               | Page Industries Ltd                               | CUSIP: 000000000<br>LEI: 335800D6UFCCKUP3KD53 | Long             | EC               | CORP              | IN        |      3372 | NS      | $1750195.58   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                       | Infosys Ltd                                       | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    252866 | NS      | $4611067.90   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| APL Apollo Tubes Ltd                              | APL Apollo Tubes Ltd                              | CUSIP: 000000000<br>LEI: 335800ZU4GXSB7Q4IU95 | Long             | EC               | CORP              | IN        |    133531 | NS      | $1759322.98   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                   | Apollo Hospitals Enterprise Ltd                   | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     83366 | NS      | $4510409.96   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tourism Group Duty Free Corp Ltd            | China Tourism Group Duty Free Corp Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    535990 | NS      | $16656345.89  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                        | Samsung Electronics Co Ltd                        | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    581068 | NS      | $25411672.91  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Elm Co                                            | Elm Co                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     19175 | NS      | $1694012.77   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                              | Banco BTG Pactual SA                              | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |   1227200 | NS      | $5564499.83   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                        | FIXED INC CLEARING CORP.REPO                      | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   8308134 | PA      | $8308134.35   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Atul Ltd                                          | Atul Ltd                                          | CUSIP: 000000000<br>LEI: 335800RE4LWLLDL2OQ62 | Long             | EC               | CORP              | IN        |      5366 | NS      | $537054.03    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Macrotech Developers Ltd                          | Macrotech Developers Ltd                          | CUSIP: 000000000<br>LEI: 254900B5QCN52ETNU557 | Long             | EC               | CORP              | IN        |    139169 | NS      | $1833689.94   | 0.27%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Pidilite Industries Ltd                           | Pidilite Industries Ltd                           | CUSIP: 000000000<br>LEI: 335800APXGEBZ349GN74 | Long             | EC               | CORP              | IN        |     78463 | NS      | $2427297.91   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Havells India Ltd                                 | Havells India Ltd                                 | CUSIP: 000000000<br>LEI: 549300U1LOGHTTNT7D47 | Long             | EC               | CORP              | IN        |     91954 | NS      | $1224867.74   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd                     | Tata Consultancy Services Ltd                     | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |    139017 | NS      | $5468931.80   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhangzhou Pientzehuang Pharmaceutical Co Ltd      | Zhangzhou Pientzehuang Pharmaceutical Co Ltd      | CUSIP: 000000000<br>LEI: 836800HTWRBAQJRAQ344 | Long             | EC               | CORP              | CN        |     56500 | NS      | $2344461.07   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Oberoi Realty Ltd                                 | Oberoi Realty Ltd                                 | CUSIP: 000000000<br>LEI: 335800TCKG1XQXN51L44 | Long             | EC               | CORP              | IN        |    137047 | NS      | $1432922.22   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi National Oil Co for Distribution PJSC   | Abu Dhabi National Oil Co for Distribution PJSC   | CUSIP: 000000000<br>LEI: 213800YI1ZIOJB3HLB11 | Long             | EC               | CORP              | AE        |   1421375 | NS      | $1706764.62   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                           | Reliance Industries Ltd                           | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    982286 | NS      | $30241538.04  | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumrungrad Hospital PCL                           | Bumrungrad Hospital PCL                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    559200 | NS      | $3422849.72   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                                        | Globant SA                                        | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     19275 | NS      | $3241284.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Trent Ltd                                         | Trent Ltd                                         | CUSIP: 000000000<br>LEI: 335800IYA8EHI7MW7G59 | Long             | EC               | CORP              | IN        |    190732 | NS      | $3112392.12   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuxi Lead Intelligent Equipment Co Ltd            | Wuxi Lead Intelligent Equipment Co Ltd            | CUSIP: 000000000<br>LEI: 836800J7WO9E2EF72B65 | Long             | EC               | CORP              | CN        |    544300 | NS      | $3151470.14   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotes Co Ltd                                      | Lotes Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    133459 | NS      | $3586638.71   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB India Ltd                                     | ABB India Ltd                                     | CUSIP: 000000000<br>LEI: 5493001BUNB8WEF9JI21 | Long             | EC               | CORP              | IN        |     61416 | NS      | $1987315.75   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JYP Entertainment Corp                            | JYP Entertainment Corp                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     48859 | NS      | $2619723.37   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pattana PCL                               | Central Pattana PCL                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   1947200 | NS      | $3991661.61   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                      | Wal-Mart de Mexico SAB de CV                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   4154900 | NS      | $14686552.84  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Motherson Sumi Wiring India Ltd                   | Motherson Sumi Wiring India Ltd                   | CUSIP: 000000000<br>LEI: 335800Y5S92WUOZT3C60 | Long             | EC               | CORP              | IN        |   3092544 | NS      | $2173714.90   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd                 | Sun Pharmaceutical Industries Ltd                 | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |    402670 | NS      | $4867279.10   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT              | Bank Rakyat Indonesia Persero Tbk PT              | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |  42718851 | NS      | $13555877.56  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                     | HDFC Bank Ltd                                     | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    666875 | NS      | $13139202.83  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharat Electronics Ltd                            | Bharat Electronics Ltd                            | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |   1728679 | NS      | $2091632.64   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                | Bangkok Dusit Medical Services PCL                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   8793200 | NS      | $7362575.43   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Jingsheng Mechanical & Electrical Co Ltd | Zhejiang Jingsheng Mechanical & Electrical Co Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    351590 | NS      | $3214618.06   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kajaria Ceramics Ltd                              | Kajaria Ceramics Ltd                              | CUSIP: 000000000<br>LEI: 3358007XN6AXJ1V67M07 | Long             | EC               | CORP              | IN        |    128097 | NS      | $1774436.87   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                          | Bank Central Asia Tbk PT                          | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  43149495 | NS      | $23698614.57  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| E.Sun Financial Holding Co Ltd                    | E.Sun Financial Holding Co Ltd                    | CUSIP: 000000000<br>LEI: 549300X6CNQE512OPC90 | Long             | EC               | CORP              | TW        |   4531915 | NS      | $3546145.52   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kasikornbank PCL                                  | Kasikornbank PCL                                  | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |    406900 | NS      | $1732864.15   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Chengdu Co Ltd                            | Bank of Chengdu Co Ltd                            | CUSIP: 000000000<br>LEI: 30030030JPOKGL9K5418 | Long             | EC               | CORP              | CN        |   2198135 | NS      | $4837876.42   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                                    | Chroma ATE Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    215000 | NS      | $1266125.49   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dino Polska SA                                    | Dino Polska SA                                    | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |     64026 | NS      | $5484373.04   | 0.82%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ASPEED Technology Inc                             | ASPEED Technology Inc                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     28300 | NS      | $1551479.56   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV                        | Arca Continental SAB de CV                        | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    593200 | NS      | $4810988.53   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Proya Cosmetics Co Ltd                            | Proya Cosmetics Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    203420 | NS      | $4900784.21   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Localiza Rent a Car SA                            | Localiza Rent a Car SA                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    322300 | NS      | $3247570.43   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consumer Products Ltd                        | Tata Consumer Products Ltd                        | CUSIP: 000000000<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |    244677 | NS      | $2283218.23   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alinma Bank                                       | Alinma Bank                                       | CUSIP: 000000000<br>LEI: 558600HPAUTN6XSVBK93 | Long             | EC               | CORP              | SA        |    340177 | NS      | $2946450.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                       | NetEase Inc                                       | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |    529400 | NS      | $7765894.34   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co Ltd                          | Samsung Biologics Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      6238 | NS      | $4050136.81   | 0.60%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PI Industries Ltd                                 | PI Industries Ltd                                 | CUSIP: 000000000<br>LEI: 335800PEGP94E4CC1D11 | Long             | EC               | CORP              | IN        |     49589 | NS      | $2054679.73   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd                          | ANTA Sports Products Ltd                          | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |    259000 | NS      | $3394512.81   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties PJSC                             | Emaar Properties PJSC                             | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |   2860190 | NS      | $4563718.73   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| JK Cement Ltd                                     | JK Cement Ltd                                     | CUSIP: 000000000<br>LEI: 335800IECEF3EIDGF809 | Long             | EC               | CORP              | IN        |     36227 | NS      | $1272258.26   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT                            | United Tractors Tbk PT                            | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    990400 | NS      | $1658884.21   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar National Bank QPSC                          | Qatar National Bank QPSC                          | CUSIP: 000000000<br>LEI: 549300FFSRVBS0SQXY75 | Long             | EC               | CORP              | QA        |    478781 | NS      | $2366460.63   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ningbo Co Ltd                             | Bank of Ningbo Co Ltd                             | CUSIP: 000000000<br>LEI: 300300C1092133000091 | Long             | EC               | CORP              | CN        |   1321500 | NS      | $6168660.18   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NARI Technology Co Ltd                            | NARI Technology Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    643720 | NS      | $2259413.96   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Finance Ltd                                 | Bajaj Finance Ltd                                 | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |    122852 | NS      | $9766682.03   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle India Ltd                                  | Nestle India Ltd                                  | CUSIP: 000000000<br>LEI: 3358008SYYY9CPWH5D94 | Long             | EC               | CORP              | IN        |      9046 | NS      | $2140948.63   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Devyani International Ltd                         | Devyani International Ltd                         | CUSIP: 000000000<br>LEI: 335800QL2YIWJ1DFK350 | Long             | EC               | CORP              | IN        |    402808 | NS      | $878844.97    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Aarti Pharmalabs Ltd                              | Aarti Pharmalabs Ltd                              | CUSIP: 000000000<br>LEI: 335800TTAKRBNDK5P363 | Long             | EC               | CORP              | IN        |     39500 | NS      | $188977.40    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Qatar Islamic Bank SAQ                            | Qatar Islamic Bank SAQ                            | CUSIP: 000000000<br>LEI: 254900CFGPXJI71OHT95 | Long             | EC               | CORP              | QA        |    316582 | NS      | $1613444.61   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Exploration & Production PCL                  | PTT Exploration & Production PCL                  | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |    643200 | NS      | $3277747.94   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                        | JD.com Inc                                        | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |    432621 | NS      | $12204695.98  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                            | WEG SA                                            | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |    821841 | NS      | $5994430.97   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co Ltd                                    | Li Ning Co Ltd                                    | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | KY        |    927500 | NS      | $8050544.81   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Affle India Ltd                                   | Affle India Ltd                                   | CUSIP: 000000000<br>LEI: 335800VOXUF6XMCWSD89 | Long             | EC               | CORP              | IN        |     60442 | NS      | $786812.67    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First Abu Dhabi Bank PJSC                         | First Abu Dhabi Bank PJSC                         | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |   1114940 | NS      | $5191274.30   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chacha Food Co Ltd                                | Chacha Food Co Ltd                                | CUSIP: 000000000<br>LEI: 300300AJZ9YPIRBJZN87 | Long             | EC               | CORP              | CN        |    331872 | NS      | $2386984.48   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tube Investments of India Ltd                     | Tube Investments of India Ltd                     | CUSIP: 000000000<br>LEI: 335800Z8CKZ11SGVKE64 | Long             | EC               | CORP              | IN        |     79653 | NS      | $2652484.38   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Jubilant Foodworks Ltd                            | Jubilant Foodworks Ltd                            | CUSIP: 000000000<br>LEI: 9845000D3B99893F5B14 | Long             | EC               | CORP              | IN        |     52716 | NS      | $325548.22    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Foshan Haitian Flavouring & Food Co Ltd           | Foshan Haitian Flavouring & Food Co Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    302129 | NS      | $3459508.95   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bupa Arabia for Cooperative Insurance Co          | Bupa Arabia for Cooperative Insurance Co          | CUSIP: 000000000<br>LEI: 558600B2WJHD5P31XS68 | Long             | EC               | CORP              | SA        |     42332 | NS      | $1619835.44   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                          | Itau Unibanco Holding SA                          | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |   1540865 | NS      | $7257474.15   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd                         | Capitec Bank Holdings Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     46748 | NS      | $5113480.78   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Astral Ltd                                        | Astral Ltd                                        | CUSIP: 000000000<br>LEI: 3358007M1SKFTVDRMC40 | Long             | EC               | CORP              | IN        |     72595 | NS      | $1719886.38   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| UNO Minda Ltd                                     | UNO Minda Ltd                                     | CUSIP: 000000000<br>LEI: 335800Y2G59FEIQRLG14 | Long             | EC               | CORP              | IN        |    507608 | NS      | $3184437.95   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Retail Corp PCL                           | Central Retail Corp PCL                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   1921500 | NS      | $2565883.50   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd                                           | UPL Ltd                                           | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |    370983 | NS      | $3216112.75   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Britannia Industries Ltd                          | Britannia Industries Ltd                          | CUSIP: 000000000<br>LEI: 335800RRN5EVHNNAXN80 | Long             | EC               | CORP              | IN        |     46219 | NS      | $2410980.36   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co Ltd                                | Samsung SDI Co Ltd                                | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |     16279 | NS      | $7608453.14   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                       | B3 SA - Brasil Bolsa Balcao                       | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   2255700 | NS      | $5643789.38   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp                                       | Wiwynn Corp                                       | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     46000 | NS      | $1192822.63   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                            | Accton Technology Corp                            | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |    201000 | NS      | $1533552.41   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Gujarat Fluorochemicals Ltd                       | Gujarat Fluorochemicals Ltd                       | CUSIP: 000000000<br>LEI: 335800AQPB19VEXI8M93 | Long             | EC               | CORP              | IN        |     41016 | NS      | $1539376.64   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LEENO Industrial Inc                              | LEENO Industrial Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     20303 | NS      | $2496731.12   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA             | Sociedad Quimica y Minera de Chile SA             | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |     31073 | NS      | $2480868.32   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Housing Development Finance Corp Ltd              | Housing Development Finance Corp Ltd              | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |    276997 | NS      | $8845957.62   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci Partners Investments Ltd                    | Vinci Partners Investments Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    163829 | NS      | $1481014.16   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT                        | Astra International Tbk PT                        | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |   4565000 | NS      | $1671462.98   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                         | Alibaba Group Holding Ltd                         | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    945800 | NS      | $10451063.04  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Varun Beverages Ltd                               | Varun Beverages Ltd                               | CUSIP: 000000000<br>LEI: 33580058NWEMWBDNMD48 | Long             | EC               | CORP              | IN        |    325823 | NS      | $5212065.25   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bidvest Group Ltd/The                             | Bidvest Group Ltd/The                             | CUSIP: 000000000<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |    301145 | NS      | $3799748.49   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                  | Raia Drogasil SA                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    781200 | NS      | $3509647.99   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantech Co Ltd                                  | Advantech Co Ltd                                  | CUSIP: 000000000<br>LEI: 2549002OSTKE9HB9IY03 | Long             | EC               | CORP              | TW        |    208766 | NS      | $2248264.91   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Asian Paints Ltd                                  | Asian Paints Ltd                                  | CUSIP: 000000000<br>LEI: 335800HEHXGYRUNERD75 | Long             | EC               | CORP              | IN        |     88556 | NS      | $3304392.26   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios SA         | Multiplan Empreendimentos Imobiliarios SA         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    318400 | NS      | $1320698.90   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Clicks Group Ltd                                  | Clicks Group Ltd                                  | CUSIP: 000000000<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |    255770 | NS      | $4065525.59   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | Taiwan Semiconductor Manufacturing Co Ltd         | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    781000 | NS      | $11396544.71  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                           | Rumo SA                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    887800 | NS      | $3129306.88   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                     | Credicorp Ltd                                     | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     17827 | NS      | $2418410.82   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | Taiwan Semiconductor Manufacturing Co Ltd         | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    511397 | NS      | $38093962.53  | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Salik Co PJSC                                     | Salik Co PJSC                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   2807959 | NS      | $1896133.07   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                          | TOTVS SA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    830900 | NS      | $4346694.07   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI Industries Ltd                                | KEI Industries Ltd                                | CUSIP: 000000000<br>LEI: 335800UDWBC2AWPU7M56 | Long             | EC               | CORP              | IN        |    134669 | NS      | $2399396.91   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KPIT Technologies Ltd                             | KPIT Technologies Ltd                             | CUSIP: 000000000<br>LEI: 3358009MOTWWU66WMV49 | Long             | EC               | CORP              | IN        |    246949 | NS      | $2095469.58   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzhou Maxwell Technologies Co Ltd                | Suzhou Maxwell Technologies Co Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     53807 | NS      | $3187691.48   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                  | MercadoLibre Inc                                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      7145 | NS      | $6046384.80   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Polycab India Ltd                                 | Polycab India Ltd                                 | CUSIP: 000000000<br>LEI: 335800ZAL1L11ERZVW68 | Long             | EC               | CORP              | IN        |     56927 | NS      | $1771287.77   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtac International Group                        | Airtac International Group                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     68852 | NS      | $2085575.70   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                     | AIA Group Ltd                                     | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   1577600 | NS      | $17543598.38  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                              | Tencent Holdings Ltd                              | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    244360 | NS      | $10456314.50  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Sulaiman Al Habib Medical Services Group Co    | Dr Sulaiman Al Habib Medical Services Group Co    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     47126 | NS      | $2766363.92   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinbon Electronics Co Ltd                         | Sinbon Electronics Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    371000 | NS      | $3319451.45   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp Ltd                                      | Bid Corp Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    125476 | NS      | $2435857.20   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Dabur India Ltd                                   | Dabur India Ltd                                   | CUSIP: 000000000<br>LEI: 335800MJPUA2E1FSFL38 | Long             | EC               | CORP              | IN        |    290623 | NS      | $1972498.66   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| International Container Terminal Services Inc     | International Container Terminal Services Inc     | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |   1050400 | NS      | $3769772.55   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nahdi Medical Co                                  | Nahdi Medical Co                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     37501 | NS      | $1668485.15   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Co                              | Saudi Arabian Oil Co                              | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |    177064 | NS      | $1512441.30   | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Voltronic Power Technology Corp                   | Voltronic Power Technology Corp                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    100586 | NS      | $5056217.40   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Co Ltd                                      | Titan Co Ltd                                      | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |    153528 | NS      | $4815820.58   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar Gas Transport Co Ltd                        | Qatar Gas Transport Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |   1470127 | NS      | $1478301.66   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SRF Ltd                                           | SRF Ltd                                           | CUSIP: 000000000<br>LEI: 335800436F28GT8ZW506 | Long             | EC               | CORP              | IN        |     78862 | NS      | $2187317.12   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Patria Investments Ltd                            | Patria Investments Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    120042 | NS      | $1672185.06   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoprite Holdings Ltd                             | Shoprite Holdings Ltd                             | CUSIP: 000000000<br>LEI: 529900Q4O1EYP6NH5150 | Long             | EC               | CORP              | ZA        |    368847 | NS      | $4906020.57   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer