# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001410368-26-013313
**Filing Date:** 2026-2
**Character Count:** 44910
**Document Hash:** 71e8d599a932fb530e99d86b99ee1aa5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-013313.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001410368-26-013313

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAM BLAIR FUNDS
- **CENTRAL INDEX KEY:** 0000822632

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05344
- **FILM NUMBER:** 26646313

**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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1024516108.73

**Total Liabilities:** $6707640.48

**Net Assets:** $1017808468.25

**Cash Not Reported:** $2419853.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023528 | 5.34%                | -3.61%               | 2.78%                |
| Class ID C000023529 | 5.34%                | -3.58%               | 2.80%                |
| Class ID C000023530 | 5.33%                | -3.54%               | 2.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $26274870.42             | $31066294.87                               |
| Month 2  | $38206210.93             | $-74148455.36                              |
| Month 3  | $7753113.89              | $17991750.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Antofagasta PLC                                        | Antofagasta PLC                                        | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |    123809 | NS      | $5472270.78   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Chile                                         | Banco de Chile                                         | CUSIP: 000000000<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |  18545763 | NS      | $3582170.82   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                     | Grupo Financiero Banorte SAB de CV                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    460800 | NS      | $4269325.11   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Falabella SA                                           | Falabella SA                                           | CUSIP: 000000000<br>LEI: 5493004CKJQ7H391LM41 | Long             | EC               | CORP              | CL        |    578575 | NS      | $4035972.31   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni Banka AS                                      | Komercni Banka AS                                      | CUSIP: 000000000<br>LEI: IYKCAVNFR8QGF00HV840 | Long             | EC               | CORP              | CZ        |     62778 | NS      | $3548513.60   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                               | Itau Unibanco Holding SA                               | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |   1698327 | NS      | $12160020.10  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Latam Airlines Group SA                                | Latam Airlines Group SA                                | CUSIP: 51817R205<br>LEI: 549300HX3UUDPEFTG707 | Long             | EC               | CORP              | CL        |     72062 | NS      | $3892068.62   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc                                 | Laureate Education Inc                                 | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     93345 | NS      | $3142926.15   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                       | MercadoLibre Inc                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      7153 | NS      | $14408001.78  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                            | Abu Dhabi Islamic Bank PJSC                            | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |    812797 | NS      | $4594286.49   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                                 | Accton Technology Corp                                 | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |    158000 | NS      | $5958848.52   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                                | Reliance Industries Ltd                                | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    874066 | NS      | $15258330.10  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                                | Mahindra & Mahindra Ltd                                | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |    184173 | NS      | $7614501.97   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Circuit Electronics Ltd                           | Gold Circuit Electronics Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    223000 | NS      | $4875829.47   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Unimicron Technology Corp                              | Unimicron Technology Corp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    618000 | NS      | $4327111.28   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova T&D India Ltd                               | GE Vernova T&D India Ltd                               | CUSIP: 000000000<br>LEI: 549300NMRD6VZDFLN355 | Long             | EC               | CORP              | IN        |    150112 | NS      | $5230740.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakao Corp                                             | Kakao Corp                                             | CUSIP: 000000000<br>LEI: 988400FTKUBQXKVZP434 | Long             | EC               | CORP              | KR        |     82313 | NS      | $3434112.87   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                                         | Chroma ATE Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    175000 | NS      | $4316449.45   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc                                  | Delta Electronics Inc                                  | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    484000 | NS      | $14834009.64  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd                     | Hong Kong Exchanges & Clearing Ltd                     | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |    235300 | NS      | $12323265.70  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                        | Apollo Hospitals Enterprise Ltd                        | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     32365 | NS      | $2534699.11   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| IsuPetasys Co Ltd                                      | IsuPetasys Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     43817 | NS      | $3625689.08   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins India Ltd                                      | Cummins India Ltd                                      | CUSIP: 000000000<br>LEI: 3358002PR6NKJRU4YS77 | Long             | EC               | CORP              | IN        |     61777 | NS      | $3042956.83   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Elite Material Co Ltd                                  | Elite Material Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    172000 | NS      | $9004949.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd                              | Capitec Bank Holdings Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     59574 | NS      | $14950339.93  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd                                      | Bharti Airtel Ltd                                      | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    660568 | NS      | $15485381.26  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc                                           | SK hynix Inc                                           | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     88942 | NS      | $40193844.02  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| International Container Terminal Services Inc          | International Container Terminal Services Inc          | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    607280 | NS      | $5852679.39   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Vital Components Co Ltd                           | Asia Vital Components Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    146000 | NS      | $7016438.31   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                              | Zijin Mining Group Co Ltd                              | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |   1186000 | NS      | $5434201.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TVS Motor Co Ltd                                       | TVS Motor Co Ltd                                       | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |    115052 | NS      | $4761863.56   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co Ltd                                   | Weichai Power Co Ltd                                   | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |   1219000 | NS      | $2952465.08   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                             | Samsung Electronics Co Ltd                             | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    608456 | NS      | $50643069.94  | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Samyang Foods Co Ltd                                   | Samyang Foods Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3512 | NS      | $3001125.96   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Aerospace Co Ltd                                | Hanwha Aerospace Co Ltd                                | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |     12710 | NS      | $8302460.87   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd              | Taiwan Semiconductor Manufacturing Co Ltd              | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    523000 | NS      | $25800035.01  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OPAP SA                                                | OPAP SA                                                | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |    118266 | NS      | $2654636.46   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                               | JUMBO SA                                               | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |     64349 | NS      | $2109880.14   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                                          | OTP Bank Nyrt                                          | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |    112189 | NS      | $12041221.06  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                                | Sea Ltd                                                | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |    109203 | NS      | $13931026.71  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                             | FIXED INC CLEARING CORP.REPO                           | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  11305476 | PA      | $11305476.13  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd              | Taiwan Semiconductor Manufacturing Co Ltd              | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    407458 | NS      | $123822411.62 | 12.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Group                      | Tencent Music Entertainment Group                      | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |    415539 | NS      | $7284398.67   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TVS MOTOR COMPANY                                      | TVS Motor Co Ltd                                       | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EP               | CORP              | IN        |    405972 | NS      | $45168.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Property Mexico SA de CV                      | Prologis Property Mexico SA de CV                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | MX        |    659729 | NS      | $2755785.94   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co Ltd                               | Samsung Biologics Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3752 | NS      | $4414730.48   | 0.43%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bharat Electronics Ltd                                 | Bharat Electronics Ltd                                 | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |   1522178 | NS      | $6760764.51   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Electric Co Ltd                             | HD Hyundai Electric Co Ltd                             | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |     14578 | NS      | $7832683.35   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Depository Services India Ltd                  | Central Depository Services India Ltd                  | CUSIP: 000000000<br>LEI: 335800YRV56TH7RQVH27 | Long             | EC               | CORP              | IN        |    140739 | NS      | $2263770.92   | 0.22%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HDFC Asset Management Co Ltd                           | HDFC Asset Management Co Ltd                           | CUSIP: 000000000<br>LEI: 3358002FLK8AK8WSEP31 | Long             | EC               | CORP              | IN        |    140704 | NS      | $4187647.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Hansoh Pharmaceutical Group Co Ltd                     | Hansoh Pharmaceutical Group Co Ltd                     | CUSIP: 000000000<br>LEI: 254900Q6MR00EBXTPF42 | Long             | EC               | CORP              | KY        |    672000 | NS      | $3115340.43   | 0.31%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Hitachi Energy India Ltd                               | Hitachi Energy India Ltd                               | CUSIP: 000000000<br>LEI: 549300ASJQYQLII9F213 | Long             | EC               | CORP              | IN        |     15606 | NS      | $3171400.68   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Eicher Motors Ltd                                      | Eicher Motors Ltd                                      | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |     60786 | NS      | $4946503.92   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cury Construtora e Incorporadora SA                    | Cury Construtora e Incorporadora SA                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    357600 | NS      | $2103279.89   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Health International Inc                            | JD Health International Inc                            | CUSIP: 000000000<br>LEI: 254900OM3MAXYK8PCC84 | Long             | EC               | CORP              | KY        |    614350 | NS      | $4381053.49   | 0.43%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Eternal Ltd                                            | Eternal Ltd                                            | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    934680 | NS      | $2891516.57   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Heavy Industries Co Ltd                     | HD Hyundai Heavy Industries Co Ltd                     | CUSIP: 000000000<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |     27236 | NS      | $9623493.80   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Aeronautics Ltd                              | Hindustan Aeronautics Ltd                              | CUSIP: 000000000<br>LEI: 335800AKDC7T933T3I86 | Long             | EC               | CORP              | IN        |     94658 | NS      | $4619189.58   | 0.45%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HD Hyundai Marine Solution Co Ltd                      | HD Hyundai Marine Solution Co Ltd                      | CUSIP: 000000000<br>LEI: 988400NV4TGR7O3GJM74 | Long             | EC               | CORP              | KR        |     27144 | NS      | $3646082.40   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Naspers Ltd                                            | Naspers Ltd                                            | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |    317093 | NS      | $21149298.88  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Bank SA                                        | Piraeus Bank SA                                        | CUSIP: 000000000<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | EC               | CORP              | GR        |    814176 | NS      | $6500632.54   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurobank SA                                            | Eurobank SA                                            | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | EC               | CORP              | GR        |   3058013 | NS      | $12308685.70  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                               | Bank Central Asia Tbk PT                               | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  15772695 | NS      | $7638051.70   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| King Slide Works Co Ltd                                | King Slide Works Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     45000 | NS      | $5370697.47   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties PJSC                                  | Emaar Properties PJSC                                  | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |   1329315 | NS      | $5085256.48   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Aselsan Elektronik Sanayi Ve Ticaret AS                | Aselsan Elektronik Sanayi Ve Ticaret AS                | CUSIP: 000000000<br>LEI: 7890008XT4M710MU8714 | Long             | EC               | CORP              | TR        |   1070477 | NS      | $5778610.52   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA            | Powszechna Kasa Oszczednosci Bank Polski SA            | CUSIP: 000000000<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |    143144 | NS      | $3395583.02   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldar Properties PJSC                                  | Aldar Properties PJSC                                  | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |   2126641 | NS      | $5037581.29   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Radico Khaitan Ltd                                     | Radico Khaitan Ltd                                     | CUSIP: 000000000<br>LEI: 335800P7T5DW332M7E19 | Long             | EC               | CORP              | IN        |     67928 | NS      | $2490256.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Hotels Co Ltd/The                               | Indian Hotels Co Ltd/The                               | CUSIP: 000000000<br>LEI: 33580076CH5SBY5HWA22 | Long             | EC               | CORP              | IN        |    311213 | NS      | $2553466.39   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                                         | CMOC Group Ltd                                         | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |   1500000 | NS      | $3708224.65   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 000000000<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |    139311 | NS      | $3391157.31   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates NBD Bank PJSC                                 | Emirates NBD Bank PJSC                                 | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |    632262 | NS      | $4794363.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Jentech Precision Industrial Co Ltd                    | Jentech Precision Industrial Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     37000 | NS      | $3232443.79   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Direcional Engenharia SA                               | Direcional Engenharia SA                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    751400 | NS      | $1936177.38   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bizlink Holding Inc                                    | Bizlink Holding Inc                                    | CUSIP: 000000000<br>LEI: 213800YAKRFVU5XOX138 | Long             | EC               | CORP              | KY        |    101968 | NS      | $4932810.11   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BDO Unibank Inc                                        | BDO Unibank Inc                                        | CUSIP: 000000000<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |   1928479 | NS      | $4412072.81   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology Inc                                  | ASPEED Technology Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     41300 | NS      | $9542750.75   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| WUS Printed Circuit Kunshan Co Ltd                     | WUS Printed Circuit Kunshan Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    340250 | NS      | $3564045.34   | 0.35%             |  |  |  | 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        |    283500 | NS      | $3061448.87   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Giant Technology Huizhou Co Ltd                | Victory Giant Technology Huizhou Co Ltd                | CUSIP: 000000000<br>LEI: 836800LBU3EF5U7ECE87 | Long             | EC               | CORP              | CN        |     93635 | NS      | $3860138.38   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Eoptolink Technology Inc Ltd                           | Eoptolink Technology Inc Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     62500 | NS      | $3860489.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyosung Heavy Industries Corp                          | Hyosung Heavy Industries Corp                          | CUSIP: 000000000<br>LEI: 988400IDLF9EQ95M0928 | Long             | EC               | CORP              | KR        |      4806 | NS      | $5941818.06   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp                                            | Wiwynn Corp                                            | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     73000 | NS      | $10420107.89  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhongji Innolight Co Ltd                               | Zhongji Innolight Co Ltd                               | CUSIP: 000000000<br>LEI: 655600K7YZDKAI214O83 | Long             | EC               | CORP              | CN        |     70500 | NS      | $6164884.31   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Rotem Co Ltd                                   | Hyundai Rotem Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     37234 | NS      | $4856664.88   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co Ltd                                     | WuXi AppTec Co Ltd                                     | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |    332600 | NS      | $4218024.59   | 0.41%             |  |  |  | Yes           |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                    | NAC Kazatomprom JSC                                    | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     40441 | NS      | $2256607.80   | 0.22%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd                 | Contemporary Amperex Technology Co Ltd                 | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |    262171 | NS      | $13802706.71  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Salik Co PJSC                                          | Salik Co PJSC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   1527761 | NS      | $2641421.92   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                          | HDFC Bank Ltd                                          | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |   1384825 | NS      | $15298196.72  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                              | Alibaba Group Holding Ltd                              | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |   2182500 | NS      | $40045357.01  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                            | NetEase Inc                                            | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |    500400 | NS      | $13798018.68  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Healthcare Institute Ltd                           | Max Healthcare Institute Ltd                           | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    208539 | NS      | $2424850.51   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Square Co Ltd                                       | SK Square Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     53646 | NS      | $13704299.05  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                                   | Tencent Holdings Ltd                                   | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    851260 | NS      | $65517717.50  | 6.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd                 | Jiangsu Hengrui Pharmaceuticals Co Ltd                 | CUSIP: 000000000<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |    414000 | NS      | $3790137.10   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTsurance Group Ltd                                   | OUTsurance Group Ltd                                   | CUSIP: 000000000<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |    518265 | NS      | $2242685.38   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                                     | Trip.com Group Ltd                                     | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |    107600 | NS      | $7659347.01   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Yutong Bus Co Ltd                                      | Yutong Bus Co Ltd                                      | CUSIP: 000000000<br>LEI: 300300OMPRVW0Q75F037 | Long             | EC               | CORP              | CN        |    781000 | NS      | $3661042.46   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi XDC Cayman Inc                                    | WuXi XDC Cayman Inc                                    | CUSIP: 000000000<br>LEI: 549300BV0TP5RVPBYO24 | Long             | EC               | CORP              | KY        |    488000 | NS      | $3809217.88   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Neway Valve Suzhou Co Ltd                              | Neway Valve Suzhou Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    439300 | NS      | $3272803.26   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank/The                                | Saudi National Bank/The                                | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    340052 | NS      | $3434245.96   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Hon Precision Inc                                      | Hon Precision Inc                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     44371 | NS      | $4836672.71   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                         | ICICI Bank Ltd                                         | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |   1000819 | NS      | $14954482.53  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Finance Ltd                                      | Bajaj Finance Ltd                                      | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |   1145311 | NS      | $12570725.90  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                                             | Embraer SA                                             | CUSIP: 000000000<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |    253900 | NS      | $4105212.83   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BeOne Medicines Ltd                                    | BeOne Medicines Ltd                                    | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |    136200 | NS      | $3137813.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| UNO Minda Ltd                                          | UNO Minda Ltd                                          | CUSIP: 000000000<br>LEI: 335800Y2G59FEIQRLG14 | Long             | EC               | CORP              | IN        |    219490 | NS      | $3120940.06   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                                   | Banco BTG Pactual SA                                   | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |   1277400 | NS      | $12257072.31  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                          | Credicorp Ltd                                          | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     27088 | NS      | $7774256.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                               | Fabrinet                                               | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |     10816 | NS      | $4924308.48   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd                                      | Grab Holdings Ltd                                      | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | KY        |   1206315 | NS      | $6019511.85   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                         | NU Holdings Ltd/Cayman Islands                         | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    574440 | NS      | $9616125.60   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-03

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer