Expense Ratio History

ISMVX expense ratio history

William Blair Small-Mid Cap Value Fund, Class I

Fund company
William Blair
Type
Mutual fund

5.04%

In basis points
504 basis points
Yearly cost per $10,000
$504
Prospectus dated
1 May 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 10.69% on 1 May 2026

Fee over time

ISMVX expense ratio: 1.16% until 1 May 2024, then 10.69%; 10.69% until 1 May 2026, then 5.04%; read at 5.04% on 1 May 2026.0.00%5.00%10.00%15.00%Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025Jan 20261.16% before5.04% from 1 May 2026
ISMVX expense ratio: 1.16% until 1 May 2024, then 10.69%; 10.69% until 1 May 2026, then 5.04%; read at 5.04% on 1 May 2026.0.00%5.00%10.00%15.00%Jul 2023Jul 2024Jul 20251.16% before5.04% from 1 May 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
ISMVX (this page) Class I 5.04% 0.85% 1 May 2026
RSMVX Class R6 4.99% 0.80% 1 May 2026

Every figure we've recorded

DateFeeWhat happened
1 May 2026 5.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2026 5.04% Cut from 10.69% to 5.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-04-29
1 May 2024 10.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2024 10.69% Raised from 1.16% to 10.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-04-29
31 Jul 2023 1.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-07-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 5.04% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$5,128 in fees over 10 years

After fees, $10,000 grows to $9,835.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$517
3 years$1,547
5 years$2,574
10 years$5,128

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 3 prospectuses for this share class since 2023. Each one is listed above with a link to the filing.

How we read fees

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