# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-23-029952
**Filing Date:** 2023-2
**Character Count:** 45197
**Document Hash:** 78e123eb04b91c4506f6d917b20c1d8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-029952.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-029952

**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:** 23645622

**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 ex China Growth Fund (Series ID: S000075390)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234384 | Class I      |  |
| C000234385 | Class R6     |  |

## 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 ex China Growth Fund

- **b. EDGAR series identifier (if any):** S000075390

- **c. LEI of Series:** 549300FW26VGWDPYE403

**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:** $13114881.36

**Total Liabilities:** $81562.51

**Net Assets:** $13033318.85

**Cash Not Reported:** $12035.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234385 | 2.48%                | 6.21%                | -6.64%               |
| Class ID C000234384 | 2.48%                | 6.21%                | -6.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-552968.96              | $905053.71                                 |
| Month 2  | $-77662.87               | $858674.41                                 |
| Month 3  | $-91994.54               | $-821775.55                                |

### 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        |     14200 | NS      | $121566.36    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Healthcare Institute Ltd                    | Max Healthcare Institute Ltd                    | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |     10106 | NS      | $53773.25     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| eMemory Technology Inc                          | eMemory Technology Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1300 | NS      | $56465.65     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chailease Holding Co Ltd                        | Chailease Holding Co Ltd                        | CUSIP: 000000000<br>LEI: 529900L76E6T0JCM3J27 | Long             | EC               | CORP              | KY        |     16000 | NS      | $112963.84    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Fine Organic Industries Ltd                     | Fine Organic Industries Ltd                     | CUSIP: 000000000<br>LEI: 335800TTFT4VQ3O2OJ88 | Long             | EC               | CORP              | IN        |       592 | NS      | $41009.94     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional SAB de CV                              | Regional SAB de CV                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |      9100 | NS      | $65845.59     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BDO Unibank Inc                                 | BDO Unibank Inc                                 | CUSIP: 000000000<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |     53978 | NS      | $102381.67    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Unilever Ltd                          | Hindustan Unilever Ltd                          | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |      2978 | NS      | $92295.32     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Dixon Technologies India Ltd                    | Dixon Technologies India Ltd                    | CUSIP: 000000000<br>LEI: 335800D7XO7AVXXJ8575 | Long             | EC               | CORP              | IN        |       888 | NS      | $41925.88     | 0.32%             |  |  |  | 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        |       729 | NS      | $47099.84     | 0.36%             |  |  |  | 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        |      4953 | NS      | $49033.08     | 0.38%             |  |  |  | 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        |        28 | NS      | $57.06        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dallah Healthcare Co                            | Dallah Healthcare Co                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       905 | NS      | $35641.30     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV       | Grupo Aeroportuario del Sureste SAB de CV       | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      3300 | NS      | $76885.69     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Page Industries Ltd                             | Page Industries Ltd                             | CUSIP: 000000000<br>LEI: 335800D6UFCCKUP3KD53 | Long             | EC               | CORP              | IN        |        97 | NS      | $50346.67     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                     | Infosys Ltd                                     | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      6377 | NS      | $116286.02    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| APL Apollo Tubes Ltd                            | APL Apollo Tubes Ltd                            | CUSIP: 000000000<br>LEI: 335800ZU4GXSB7Q4IU95 | Long             | EC               | CORP              | IN        |      4196 | NS      | $55283.94     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                 | Apollo Hospitals Enterprise Ltd                 | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |      1868 | NS      | $101065.73    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                      | Samsung Electronics Co Ltd                      | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     14616 | NS      | $639197.15    | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Elm Co                                          | Elm Co                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       495 | NS      | $43730.71     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                            | Banco BTG Pactual SA                            | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |     25600 | NS      | $116078.22    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                      | FIXED INC CLEARING CORP.REPO                    | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |    221815 | PA      | $221814.61    | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Atul Ltd                                        | Atul Ltd                                        | CUSIP: 000000000<br>LEI: 335800RE4LWLLDL2OQ62 | Long             | EC               | CORP              | IN        |       151 | NS      | $15112.78     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco del Bajio SA                              | Banco del Bajio SA                              | CUSIP: 000000000<br>LEI: 4469000001BD95FFLY16 | Long             | EC               | CORP              | MX        |     23300 | NS      | $73392.04     | 0.56%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Pidilite Industries Ltd                         | Pidilite Industries Ltd                         | CUSIP: 000000000<br>LEI: 335800APXGEBZ349GN74 | Long             | EC               | CORP              | IN        |      2101 | NS      | $64995.64     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Havells India Ltd                               | Havells India Ltd                               | CUSIP: 000000000<br>LEI: 549300U1LOGHTTNT7D47 | Long             | EC               | CORP              | IN        |      2733 | NS      | $36404.76     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilcon Depot Inc                                | Wilcon Depot Inc                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |    137200 | NS      | $72628.42     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd                   | Tata Consultancy Services Ltd                   | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |      3388 | NS      | $133283.99    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oberoi Realty Ltd                               | Oberoi Realty Ltd                               | CUSIP: 000000000<br>LEI: 335800TCKG1XQXN51L44 | Long             | EC               | CORP              | IN        |      3467 | NS      | $36249.91     | 0.28%             |  |  |  | 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        |     39292 | NS      | $47181.21     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                         | Reliance Industries Ltd                         | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     21232 | NS      | $653667.40    | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumrungrad Hospital PCL                         | Bumrungrad Hospital PCL                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     14800 | NS      | $90590.44     | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant SA                                      | Globant SA                                      | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |       484 | NS      | $81389.44     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Trent Ltd                                       | Trent Ltd                                       | CUSIP: 000000000<br>LEI: 335800IYA8EHI7MW7G59 | Long             | EC               | CORP              | IN        |      5067 | NS      | $82684.03     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotes Co Ltd                                    | Lotes Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      3000 | NS      | $80623.38     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB India Ltd                                   | ABB India Ltd                                   | CUSIP: 000000000<br>LEI: 5493001BUNB8WEF9JI21 | Long             | EC               | CORP              | IN        |      1401 | NS      | $45333.94     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| JYP Entertainment Corp                          | JYP Entertainment Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2016 | NS      | $108093.95    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pattana PCL                             | Central Pattana PCL                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     55200 | NS      | $113157.21    | 0.87%             |  |  |  | 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        |    105900 | NS      | $374330.54    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Motherson Sumi Wiring India Ltd                 | Motherson Sumi Wiring India Ltd                 | CUSIP: 000000000<br>LEI: 335800Y5S92WUOZT3C60 | Long             | EC               | CORP              | IN        |     75771 | NS      | $53258.60     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd               | Sun Pharmaceutical Industries Ltd               | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |      8153 | NS      | $98549.50     | 0.76%             |  |  |  | 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        |   1052200 | NS      | $333892.28    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                   | HDFC Bank Ltd                                   | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     16625 | NS      | $327556.51    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Arezzo Industria e Comercio SA                  | Arezzo Industria e Comercio SA                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      1700 | NS      | $25195.32     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharat Electronics Ltd                          | Bharat Electronics Ltd                          | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |     30768 | NS      | $37228.05     | 0.29%             |  |  |  | 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        |    212900 | NS      | $178261.87    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Kajaria Ceramics Ltd                            | Kajaria Ceramics Ltd                            | CUSIP: 000000000<br>LEI: 3358007XN6AXJ1V67M07 | Long             | EC               | CORP              | IN        |      2790 | NS      | $38647.89     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                        | Bank Central Asia Tbk PT                        | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |    972500 | NS      | $534117.55    | 4.10%             |  |  |  | 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        |    109000 | NS      | $85290.62     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Kasikornbank PCL                                | Kasikornbank PCL                                | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |     17100 | NS      | $72823.73     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Computer Age Management Services Ltd            | Computer Age Management Services Ltd            | CUSIP: 000000000<br>LEI: 33580012MDHMBHWN5Z06 | Long             | EC               | CORP              | IN        |      1589 | NS      | $42697.29     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakao Corp                                      | Kakao Corp                                      | CUSIP: 000000000<br>LEI: 988400FTKUBQXKVZP434 | Long             | EC               | CORP              | KR        |       962 | NS      | $40397.15     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                                  | Chroma ATE Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     11000 | NS      | $64778.51     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dino Polska SA                                  | Dino Polska SA                                  | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |      1634 | NS      | $139966.04    | 1.07%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Arca Continental SAB de CV                      | Arca Continental SAB de CV                      | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |      8000 | NS      | $64881.84     | 0.50%             |  |  |  | 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        |      6800 | NS      | $68518.40     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consumer Products Ltd                      | Tata Consumer Products Ltd                      | CUSIP: 000000000<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |      6252 | NS      | $58340.92     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Alinma Bank                                     | Alinma Bank                                     | CUSIP: 000000000<br>LEI: 558600HPAUTN6XSVBK93 | Long             | EC               | CORP              | SA        |      8540 | NS      | $73969.40     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co Ltd                        | Samsung Biologics Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       154 | NS      | $99987.35     | 0.77%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PI Industries Ltd                               | PI Industries Ltd                               | CUSIP: 000000000<br>LEI: 335800PEGP94E4CC1D11 | Long             | EC               | CORP              | IN        |      1253 | NS      | $51917.03     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties PJSC                           | Emaar Properties PJSC                           | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |     56714 | NS      | $90492.85     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar National Bank QPSC                        | Qatar National Bank QPSC                        | CUSIP: 000000000<br>LEI: 549300FFSRVBS0SQXY75 | Long             | EC               | CORP              | QA        |     12822 | NS      | $63375.03     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Finance Ltd                               | Bajaj Finance Ltd                               | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |      3131 | NS      | $248913.18    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle India Ltd                                | Nestle India Ltd                                | CUSIP: 000000000<br>LEI: 3358008SYYY9CPWH5D94 | Long             | EC               | CORP              | IN        |       245 | NS      | $57985.01     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Devyani International Ltd                       | Devyani International Ltd                       | CUSIP: 000000000<br>LEI: 335800QL2YIWJ1DFK350 | Long             | EC               | CORP              | IN        |     12191 | NS      | $26598.28     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Aarti Pharmalabs Ltd                            | Aarti Pharmalabs Ltd                            | CUSIP: 000000000<br>LEI: 335800TTAKRBNDK5P363 | Long             | EC               | CORP              | IN        |       702 | NS      | $3358.53      | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Qatar Islamic Bank SAQ                          | Qatar Islamic Bank SAQ                          | CUSIP: 000000000<br>LEI: 254900CFGPXJI71OHT95 | Long             | EC               | CORP              | QA        |      9628 | NS      | $49068.63     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Exploration & Production PCL                | PTT Exploration & Production PCL                | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |     13100 | NS      | $66757.62     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Escorts Kubota Ltd                              | Escorts Kubota Ltd                              | CUSIP: 000000000<br>LEI: 335800FPEJC7WFBUBF07 | Long             | EC               | CORP              | IN        |      1839 | NS      | $47325.41     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                          | WEG SA                                          | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |     18200 | NS      | $132749.09    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Affle India Ltd                                 | Affle India Ltd                                 | CUSIP: 000000000<br>LEI: 335800VOXUF6XMCWSD89 | Long             | EC               | CORP              | IN        |      2192 | NS      | $28534.68     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| First Abu Dhabi Bank PJSC                       | First Abu Dhabi Bank PJSC                       | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |     22222 | NS      | $103467.90    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tube Investments of India Ltd                   | Tube Investments of India Ltd                   | CUSIP: 000000000<br>LEI: 335800Z8CKZ11SGVKE64 | Long             | EC               | CORP              | IN        |      2090 | NS      | $69598.04     | 0.53%             |  |  |  | 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        |       982 | NS      | $37576.26     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                        | Itau Unibanco Holding SA                        | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |     39445 | NS      | $185785.95    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd                       | Capitec Bank Holdings Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      1270 | NS      | $138917.61    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Astral Ltd                                      | Astral Ltd                                      | CUSIP: 000000000<br>LEI: 3358007M1SKFTVDRMC40 | Long             | EC               | CORP              | IN        |      1418 | NS      | $33594.58     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| UNO Minda Ltd                                   | UNO Minda Ltd                                   | CUSIP: 000000000<br>LEI: 335800Y2G59FEIQRLG14 | Long             | EC               | CORP              | IN        |     13249 | NS      | $83116.54     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Retail Corp PCL                         | Central Retail Corp PCL                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     39800 | NS      | $53147.11     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd                                         | UPL Ltd                                         | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |      8675 | NS      | $75205.00     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Britannia Industries Ltd                        | Britannia Industries Ltd                        | CUSIP: 000000000<br>LEI: 335800RRN5EVHNNAXN80 | Long             | EC               | CORP              | IN        |       979 | NS      | $51068.82     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co Ltd                              | Samsung SDI Co Ltd                              | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |       325 | NS      | $151897.98    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                     | B3 SA - Brasil Bolsa Balcao                     | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |     45500 | NS      | $113841.56    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp                                     | Wiwynn Corp                                     | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |      2000 | NS      | $51861.85     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                          | Accton Technology Corp                          | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |      7000 | NS      | $53407.30     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Gujarat Fluorochemicals Ltd                     | Gujarat Fluorochemicals Ltd                     | CUSIP: 000000000<br>LEI: 335800AQPB19VEXI8M93 | Long             | EC               | CORP              | IN        |      1059 | NS      | $39745.46     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LEENO Industrial Inc                            | LEENO Industrial Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       803 | NS      | $98747.73     | 0.76%             |  |  |  | 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        |       752 | NS      | $60039.68     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Housing Development Finance Corp Ltd            | Housing Development Finance Corp Ltd            | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |      6941 | NS      | $221662.30    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci Partners Investments Ltd                  | Vinci Partners Investments Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      5762 | NS      | $52088.48     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT                      | Astra International Tbk PT                      | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |    124700 | NS      | $45658.58     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Elxsi Ltd                                  | Tata Elxsi Ltd                                  | CUSIP: 000000000<br>LEI: 335800OWLDKWXSI48N33 | Long             | EC               | CORP              | IN        |       438 | NS      | $33296.05     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Varun Beverages Ltd                             | Varun Beverages Ltd                             | CUSIP: 000000000<br>LEI: 33580058NWEMWBDNMD48 | Long             | EC               | CORP              | IN        |      8837 | NS      | $141362.09    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bidvest Group Ltd/The                           | Bidvest Group Ltd/The                           | CUSIP: 000000000<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |      7647 | NS      | $96487.33     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                | Raia Drogasil SA                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     21600 | NS      | $97040.96     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Crompton Greaves Consumer Electricals Ltd       | Crompton Greaves Consumer Electricals Ltd       | CUSIP: 000000000<br>LEI: 335800DIIEEWMH3UDH51 | Long             | EC               | CORP              | IN        |      9605 | NS      | $39120.09     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Asian Paints Ltd                                | Asian Paints Ltd                                | CUSIP: 000000000<br>LEI: 335800HEHXGYRUNERD75 | Long             | EC               | CORP              | IN        |      2061 | NS      | $76904.47     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Clicks Group Ltd                                | Clicks Group Ltd                                | CUSIP: 000000000<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |      7840 | NS      | $124618.68    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd       | Taiwan Semiconductor Manufacturing Co Ltd       | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    100000 | NS      | $1459224.68   | 11.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                         | Rumo SA                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     24500 | NS      | $86357.31     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                   | Credicorp Ltd                                   | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |       740 | NS      | $100388.40    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Salik Co PJSC                                   | Salik Co PJSC                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     63552 | NS      | $42914.82     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                        | TOTVS SA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     21100 | NS      | $110380.61    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI Industries Ltd                              | KEI Industries Ltd                              | CUSIP: 000000000<br>LEI: 335800UDWBC2AWPU7M56 | Long             | EC               | CORP              | IN        |      4048 | NS      | $72123.20     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KPIT Technologies Ltd                           | KPIT Technologies Ltd                           | CUSIP: 000000000<br>LEI: 3358009MOTWWU66WMV49 | Long             | EC               | CORP              | IN        |      5511 | NS      | $46763.23     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                | MercadoLibre Inc                                | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       188 | NS      | $159093.12    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Polycab India Ltd                               | Polycab India Ltd                               | CUSIP: 000000000<br>LEI: 335800ZAL1L11ERZVW68 | Long             | EC               | CORP              | IN        |      1173 | NS      | $36497.98     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Tadawul Group Holding Co                  | Saudi Tadawul Group Holding Co                  | CUSIP: 000000000<br>LEI: 894500BXFAWZK686TP37 | Long             | EC               | CORP              | SA        |       655 | NS      | $31547.37     | 0.24%             |  |  |  | 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        |      1207 | NS      | $70852.63     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinbon Electronics Co Ltd                       | Sinbon Electronics Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     10000 | NS      | $89473.08     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Dabur India Ltd                                 | Dabur India Ltd                                 | CUSIP: 000000000<br>LEI: 335800MJPUA2E1FSFL38 | Long             | EC               | CORP              | IN        |      6439 | NS      | $43702.39     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| International Container Terminal Services Inc   | International Container Terminal Services Inc   | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |     21980 | NS      | $78883.85     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corp                                      | NAVER Corp                                      | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |       290 | NS      | $40707.79     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nahdi Medical Co                                | Nahdi Medical Co                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       962 | NS      | $42801.06     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltronic Power Technology Corp                 | Voltronic Power Technology Corp                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2700 | NS      | $135722.54    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Co Ltd                                    | Titan Co Ltd                                    | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |      3587 | NS      | $112515.95    | 0.86%             |  |  |  | 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        |     33820 | NS      | $34008.06     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SRF Ltd                                         | SRF Ltd                                         | CUSIP: 000000000<br>LEI: 335800436F28GT8ZW506 | Long             | EC               | CORP              | IN        |      1822 | NS      | $50535.01     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Patria Investments Ltd                          | Patria Investments Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      4936 | NS      | $68758.48     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoprite Holdings Ltd                           | Shoprite Holdings Ltd                           | CUSIP: 000000000<br>LEI: 529900Q4O1EYP6NH5150 | Long             | EC               | CORP              | ZA        |     10721 | NS      | $142599.63    | 1.09%             |  |  |  | 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