In a recent Barron’s Mutual Fund Profile, “Finding Middle Ground,” Rob Lanphier and Karl Brewer, co-portfolio managers of the William Blair Small-Mid Cap Growth Fund, highlighted their pioneering efforts to combine small- and medium-cap companies in the same portfolio.

Now known as SMID investing, when Lanphier co-founded the institutional strategy in the late 1990s, investors were unsure of how to categorize a strategy that blended small- and medium-sized companies.

“Institutions and consultants were still using the nine [Morningstar] boxes pretty religiously,” Lanphier told Barron’s. It was so new at the time that it was called “non-large-cap investing.” Since then, investors have embraced the benefits of buying small quality growth companies with sustainable business models “and letting them run,” Lanphier said.

William Blair’s SMID Growth strategy was made available to mutual fund investors in 2003 when the Small-Mid Cap Growth Fund was launched. The investment team seeks to find durable franchises that will grow over a long period of time. “We’re not looking for companies that could have a hot year or two,” said Brewer in the interview. “We want companies that can sustain their growth over the long term.”

In the Barron’s article, Lanphier and Brewer highlighted several companies that they believe have a durable franchise.

William Blair Small-Mid Cap Growth Fund Facts

Co-Portfolio Managers Lanphier and Brewer are joined by Dan Crowe, co-portfolio manager, and 15 experienced analysts in vetting and identifying investment ideas.

  • AUM: $1.4 billion as of March 31, 2017
  • Portfolio Holdings: 65-80
  • Fund Overview

Read Full Barron’s Interview

 

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Please carefully consider the Funds’ investment objective, risks, charges, and expenses before investing. This and other information is contained in the Funds’ prospectus, which you may obtain by calling +1 800 742 7272. Read it carefully before you invest or send money. Investing includes the risk of loss.

Any statements or opinions expressed are those of the author as of the date of publication, are subject to change without notice as economic and markets conditions dictate, and may not reflect the opinions of other investment teams within William Blair Investment Management, LLC or the Investment Management Division of William Blair & Company, L.L.C.

This content is for informational and educational purposes only and not intended as investment advice or a recommendation to buy or sell any security. Investment advice and recommendations can be provided only after careful consideration of an investor’s objectives, guidelines, and restrictions.

Factual information has been taken from sources we believe to be reliable, but its accuracy, completeness or interpretation cannot be guaranteed. Investments are subject to market risk. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be interpreted as investment advice, as an offer or solicitation, nor as the purchase or sale of any financial instrument. Statements concerning financial market trends are based on current market conditions, which will fluctuate.

William Blair does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax questions and concerns.

Distributed by William Blair & Company, L.L.C., member FINRA/SIPC.

Copyright © 2017 William Blair & Company, L.L.C. "William Blair” is a registered trademark of William Blair & Company, L.L.C. No part of this material may be reproduced in any form, or referred to in any other publication, without express written consent.

Statement of Financial Condition | NMS Rule 605 & 606 | Business Continuity Plan | UK Stewardship Code
Cookie Policy | Social Media Disclaimer | Privacy & Security | FINRA’s BrokerCheck

FOLLOW US

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RSS FEED

Please carefully consider the Funds’ investment objective, risks, charges, and expenses before investing. This and other information is contained in the Funds’ prospectus, which you may obtain by calling +1 800 742 7272. Read it carefully before you invest or send money. Investing includes the risk of loss.

Any statements or opinions expressed are those of the author as of the date of publication, are subject to change without notice as economic and markets conditions dictate, and may not reflect the opinions of other investment teams within William Blair Investment Management, LLC or the Investment Management Division of William Blair & Company, L.L.C.

This content is for informational and educational purposes only and not intended as investment advice or a recommendation to buy or sell any security. Investment advice and recommendations can be provided only after careful consideration of an investor’s objectives, guidelines, and restrictions.

Factual information has been taken from sources we believe to be reliable, but its accuracy, completeness or interpretation cannot be guaranteed. Investments are subject to market risk. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be interpreted as investment advice, as an offer or solicitation, nor as the purchase or sale of any financial instrument. Statements concerning financial market trends are based on current market conditions, which will fluctuate.

William Blair does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax questions and concerns.

Distributed by William Blair & Company, L.L.C., member FINRA/SIPC.

Copyright © 2017 William Blair & Company, L.L.C. "William Blair” is a registered trademark of William Blair & Company, L.L.C. No part of this material may be reproduced in any form, or referred to in any other publication, without express written consent.

Statement of Financial Condition | NMS Rule 605 & 606 | Business Continuity Plan | UK Stewardship Code
Cookie Policy | Social Media Disclaimer | Privacy & Security | FINRA’s BrokerCheck

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