William Blair Macro Allocation Fund Class N 

To achieve its financial goals, the fund's manager employs a flexible, worldwide investment strategy, keenly focused on broad economic trends. This involves making tactical adjustments to its holdings across various investment types and global currencies. The primary aim is to identify and capitalize on temporary mispricings or anomalies within markets. The fund achieves this by taking both "long" positions (to benefit from anticipated price increases) and "short" positions (to profit from expected price decreases) across diverse asset classes like stocks and bonds, as well as in the foreign exchange market. The ultimate objective is to generate returns from both individual price fluctuations and relative value shifts between different market segments and currencies.