# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-23-029943
**Filing Date:** 2023-2
**Character Count:** 35531
**Document Hash:** f112c5400c1d4097001b03bf7470e83f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-029943.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-029943

**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:** 23645612

**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 Small-Mid Cap Core Fund (Series ID: S000066499)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000214491 | Class I      | WBCIX           |
| C000214492 | Class R6     | WBCRX           |

## 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 Small-Mid Cap Core Fund

- **b. EDGAR series identifier (if any):** S000066499

- **c. LEI of Series:** 549300ECH5GG47ZL5S10

**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:** $144373307.31

**Total Liabilities:** $214830.26

**Net Assets:** $144158477.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214491 | 8.39%                | 6.78%                | -5.72%               |
| Class ID C000214492 | 8.30%                | 6.77%                | -5.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10188.73               | $10679324.34                               |
| Month 2  | $-1463235.09             | $10830538.39                               |
| Month 3  | $-613331.92              | $-8129499.81                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Revolve Group Inc                                       | Revolve Group Inc                                       | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34133 | NS      | $759800.58    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                        | Pure Storage Inc                                        | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     26908 | NS      | $720058.08    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                           | Dynatrace Inc                                           | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40811 | NS      | $1563061.30   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter Parfums Inc                                       | Inter Parfums Inc                                       | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17960 | NS      | $1733499.20   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyline Champion Corp                                   | Skyline Champion Corp                                   | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28537 | NS      | $1469940.87   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                               | Pool Corp                                               | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      5258 | NS      | $1589651.14   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                             | Trex Co Inc                                             | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23350 | NS      | $988405.50    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc                                     | Energy Recovery Inc                                     | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     73864 | NS      | $1513473.36   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                                     | Virtu Financial Inc                                     | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |    103318 | NS      | $2108720.38   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                           | Repligen Corp                                           | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      6147 | NS      | $1040748.57   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Leslie's Inc                                            | Leslie's Inc                                            | CUSIP: 527064109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79737 | NS      | $973588.77    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                                        | Green Plains Inc                                        | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     42605 | NS      | $1299452.50   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                             | Columbia Banking System Inc                             | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59058 | NS      | $1779417.54   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                                 | Aramark                                                 | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     25485 | NS      | $1053549.90   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                              | Americold Realty Trust Inc                              | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               |  | US        |     69410 | NS      | $1964997.10   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                                   | Burlington Stores Inc                                   | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      9835 | NS      | $1994144.60   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                               | Merit Medical Systems Inc                               | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     41752 | NS      | $2948526.24   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                              | FIXED INC CLEARING CORP.REPO                            | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   2340428 | PA      | $2340428.41   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| National Vision Holdings Inc                            | National Vision Holdings Inc                            | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     70145 | NS      | $2718820.20   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                               | AGCO Corp                                               | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      8560 | NS      | $1187186.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Therapeutics Plc                                | Horizon Therapeutics Plc                                | CUSIP: 000000000<br>LEI: 529900P0GSQ79OOZEV53 | Long             | EC               | CORP              | IE        |      6817 | NS      | $775774.60    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings Corp                      | WillScot Mobile Mini Holdings Corp                      | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     63565 | NS      | $2871231.05   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                           | Lincoln Electric Holdings Inc                           | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      5610 | NS      | $810588.90    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp                                | Fox Factory Holding Corp                                | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     12080 | NS      | $1102058.40   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                                      | Crown Holdings Inc                                      | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     31296 | NS      | $2572844.16   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                                   | Carlyle Group Inc/The                                   | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     25260 | NS      | $753758.40    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                                 | Wintrust Financial Corp                                 | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     21932 | NS      | $1853692.64   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                               | Halozyme Therapeutics Inc                               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     33580 | NS      | $1910702.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                          | Brink's Co/The                                          | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     33826 | NS      | $1816794.46   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                                  | Boot Barn Holdings Inc                                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     11446 | NS      | $715603.92    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                | Western Alliance Bancorp                                | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     38814 | NS      | $2311761.84   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                            | Penumbra Inc                                            | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      9176 | NS      | $2041292.96   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                     | Axon Enterprise Inc                                     | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     20139 | NS      | $3341664.27   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                                     | Signet Jewelers Ltd                                     | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |     16880 | NS      | $1147840.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                                    | Ares Management Corp                                    | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     13435 | NS      | $919491.40    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                                | Nice Ltd                                                | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      6771 | NS      | $1302063.30   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                                     | Eagle Materials Inc                                     | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     10462 | NS      | $1389876.70   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                                    | BWX Technologies Inc                                    | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     60235 | NS      | $3498448.80   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                      | Globus Medical Inc                                      | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     28576 | NS      | $2122339.52   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                                 | Pebblebrook Hotel Trust                                 | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               |  | US        |     49835 | NS      | $667290.65    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc                                    | Douglas Dynamics Inc                                    | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     24255 | NS      | $877060.80    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc                              | SolarEdge Technologies Inc                              | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |      5567 | NS      | $1576964.09   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                             | Cameco Corp                                             | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    129750 | NS      | $2941432.50   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                            | Entegris Inc                                            | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     14923 | NS      | $978799.57    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc                    | Bright Horizons Family Solutions Inc                    | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14988 | NS      | $945742.80    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                              | Grand Canyon Education Inc                              | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     18927 | NS      | $1999826.82   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                                   | East West Bancorp Inc                                   | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34070 | NS      | $2245213.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                             | Cognex Corp                                             | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     25033 | NS      | $1179304.63   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Water Corp                                        | Primo Water Corp                                        | CUSIP: 74167P108<br>LEI: 5493005TMUI9D3MY9I37 | Long             | EC               | CORP              | CA        |     70026 | NS      | $1088204.04   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp                                     | Verra Mobility Corp                                     | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |    163593 | NS      | $2262491.19   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                          | TechnipFMC PLC                                          | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    244264 | NS      | $2977578.16   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                                 | Goosehead Insurance Inc                                 | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     18993 | NS      | $652219.62    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                                           | Ambarella Inc                                           | CUSIP: 000000000<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | KY        |     15767 | NS      | $1296520.41   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                             | Chemed Corp                                             | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      4770 | NS      | $2434751.10   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Denbury Inc                                             | Denbury Inc                                             | CUSIP: 24790A101<br>LEI: 549300KCWA5W52MS5559 | Long             | EC               | CORP              | US        |     17006 | NS      | $1479862.12   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Allscripts Healthcare Solutions Inc                     | Allscripts Healthcare Solutions Inc                     | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |     64070 | NS      | $1130194.80   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                                        | ACV Auctions Inc                                        | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126113 | NS      | $1035387.73   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ZipRecruiter Inc                                        | ZipRecruiter Inc                                        | CUSIP: 98980B103<br>LEI: 549300HLOVNNFCY2IV80 | Long             | EC               | CORP              | US        |     54243 | NS      | $890670.06    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                              | LPL Financial Holdings Inc                              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      8541 | NS      | $1846307.97   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                                     | MKS Instruments Inc                                     | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      9002 | NS      | $762739.46    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                                   | Euronet Worldwide Inc                                   | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     19403 | NS      | $1831255.14   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc                                       | Owens & Minor Inc                                       | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |    109231 | NS      | $2133281.43   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                           | Live Nation Entertainment Inc                           | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      9222 | NS      | $643142.28    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                                           | Wolfspeed Inc                                           | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |      8501 | NS      | $586909.04    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                                | Acadia Healthcare Co Inc                                | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     31725 | NS      | $2611602.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                               | Casella Waste Systems Inc                               | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     36678 | NS      | $2908932.18   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                              | CF Industries Holdings Inc                              | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     18072 | NS      | $1539734.40   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                              | Azenta Inc                                              | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     19179 | NS      | $1116601.38   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                             | IDACORP Inc                                             | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     24552 | NS      | $2647933.20   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannon Armstrong Sustainable Infrastructure Capital Inc | Hannon Armstrong Sustainable Infrastructure Capital Inc | CUSIP: 41068X100<br>LEI: N/A                  | Long             | EC               |  | US        |     52778 | NS      | $1529506.44   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                                                 | ADT Inc                                                 | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114496 | NS      | $1038478.72   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| New Fortress Energy Inc                                 | New Fortress Energy Inc                                 | CUSIP: 644393100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33580 | NS      | $1424463.60   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                             | Certara Inc                                             | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90050 | NS      | $1447103.50   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Global Group Inc                                  | Berry Global Group Inc                                  | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               | CORP              | US        |     18819 | NS      | $1137232.17   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                                | Builders FirstSource Inc                                | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     43599 | NS      | $2828703.12   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                                   | Encompass Health Corp                                   | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     36451 | NS      | $2180134.31   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                                            | Sylvamo Corp                                            | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     34162 | NS      | $1659931.58   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                           | Shoals Technologies Group Inc                           | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36467 | NS      | $899640.89    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                            | Wyndham Hotels & Resorts Inc                            | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     21112 | NS      | $1505496.72   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                               | Performance Food Group Co                               | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     29685 | NS      | $1733307.15   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                                     | Mercury Systems Inc                                     | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     47566 | NS      | $2128102.84   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                             | Healthcare Realty Trust Inc                             | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    108237 | NS      | $2085726.99   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                                    | Chart Industries Inc                                    | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     19929 | NS      | $2296418.67   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                              | STERIS PLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      4387 | NS      | $810235.03    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                         | Equity LifeStyle Properties Inc                         | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     30890 | NS      | $1995494.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc                                  | Whitecap Resources Inc                                  | CUSIP: 96467A200<br>LEI: 5493004AMPGZA0JO5Q37 | Long             | EC               | CORP              | CA        |    370983 | NS      | $2949314.85   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc                                  | Alarm.com Holdings Inc                                  | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     17795 | NS      | $880496.60    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PacWest Bancorp                                         | PacWest Bancorp                                         | CUSIP: 695263103<br>LEI: 549300YI8VMFO7G36V04 | Long             | EC               | CORP              | US        |     50441 | NS      | $1157620.95   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-17

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer