NPORT-P false 0000822632 XXXXXXXX S000034624 C000106601 C000106600 C000106602 WILLIAM BLAIR FUNDS 811-05344 0000822632 SNQR0U5FDV8EZZX4W051 150 NORTH RIVERSIDE PLAZA CHICAGO 60606 312-364-8000 William Blair Macro Allocation Fund S000034624 UGF5VHIXVNRSS0FLDM98 2020-12-31 2020-06-30 N 556602682.07 9792387.78 546810294.29 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2553985.31000000 CNY USD CAD MYR EUR N Utilities Select Sector SPDR Fund 549300ERQDM80PRYUH21 81369Y886 24300.00000000 NS USD 1371249.00000000 0.250772345422 Long EC RF US N 1 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -173575.88000000 -0.03174334532 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 854783000.00000000 TWD 28972748.53000000 USD 2020-07-15 -173575.88000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 292876.63000000 0.053560921046 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 32728000.00000000 CHF 34848904.32000000 USD 2020-07-15 292876.63000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -753627.30000000 -0.13782244187 N/A DFE NO N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 41524110.86000000 USD 392407000.00000000 NOK 2020-07-15 -753627.30000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 32340.76000000 0.005914438761 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 53030000.00000000 AUD 36631167.19000000 USD 2020-07-15 32340.76000000 N N N Credit Suisse International E58DKGMJYYYJLN8C3868 000000000 16826057.08000000 OU Notional Amount USD -546486.08000000 -0.09994070808 N/A DE US N 2 Credit Suisse International E58DKGMJYYYJLN8C3868 ICE Libor USD 3 Months US0003M Index Y equity-performance leg 2020-09-18 0.00000000 USD 0.00000000 USD 16826057.08000000 USD -546486.08000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 -42.00000000 NC USD 69103.86000000 0.012637629671 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short E-mini S&P Communication Services Select Sector Index Futures XASU0 Index 2020-09-18 -3039553.86000000 USD 69103.86000000 N N N Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 000000000 10.00000000 NC -37732.61000000 -0.00690049371 N/A DE SG N 1 Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 Long Nikkei 225 Index NIU0 Index 2020-09-10 115374179.00000000 JPY -37732.61000000 N N N iShares MBS ETF 549300M0TH0IE2E6RP07 464288588 259700.00000000 NS USD 28748790.00000000 5.257543667375 Long EC RF US N 1 N N N United States Treasury 254900HROIFWPRGM1V77 9127962F5 7500000.00000000 PA USD 7491378.15000000 1.370014103287 Long STIV UST US N 2 2021-03-25 None 0.00000000 N N N N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -3050.65000000 -0.00055789915 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 144003000.00000000 HKD 18575759.14000000 USD 2020-07-15 -3050.65000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 17860.73000000 0.003266348528 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 11099000.00000000 CAD 8193623.16000000 USD 2020-07-15 17860.73000000 N N N ICE Futures Europe - Financial Products Division 549300UF4R84F48NCH34 000000000 500.00000000 NC 838313.49000000 0.153309749058 N/A DE GB N 1 ICE Futures Europe - Financial Products Division 549300UF4R84F48NCH34 Long FTSE 100 Index Z U0 Index 2020-09-18 30060950.00000000 GBP 838313.49000000 N N N LCH Limited F226TOH6YD6XJB17KS62 000000000 311580000.00000000 OU Notional Amount -772450.69000000 -0.14126484048 N/A DIR CN N 2 LCH Limited F226TOH6YD6XJB17KS62 China Interbank Repo Rate 3 Months RP3M Index Y 2025-06-19 0.00000000 CNY -2262226.36000000 CNY 311580000.00000000 CNY -452857.69000000 N N N Meff Financial Derivatives N/A 000000000 140.00000000 NC -397235.74000000 -0.07264598785 N/A DE ES N 1 Meff Financial Derivatives N/A Long IBEX 35 Index IBN0 Index 2020-07-17 10447290.00000000 EUR -397235.74000000 N N N United States Treasury 254900HROIFWPRGM1V77 9127963H0 7500000.00000000 PA USD 7488300.00000000 1.369451174967 Long STIV UST US N 2 2021-06-17 None 0.00000000 N N N N N N Hong Kong Futures Exchange Ltd. 213800YTVSXYQN17BW16 000000000 2.00000000 NC -3347.83000000 -0.00061224706 N/A DE HK N 1 Hong Kong Futures Exchange Ltd. 213800YTVSXYQN17BW16 Long Hang Seng China Enterprises Index HCN0 Index 2020-07-30 990747.34000000 HKD -3347.83000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 13110.54000000 0.002397639572 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 33427381000.00000000 KRW 27877058.63000000 USD 2020-07-15 13110.54000000 N N N ASX Clear (Futures) 549300ZD7BBOVZFVHK49 000000000 120.00000000 NC 233651.63000000 0.042729925248 N/A DE AU N 1 ASX Clear (Futures) 549300ZD7BBOVZFVHK49 Long S&P ASX Share Price Index 200 XPU0 Index 2020-09-17 17337423.60000000 AUD 233651.63000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -159923.31000000 -0.02924657996 N/A DFE SG N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 32284049.44000000 USD 44767000.00000000 SGD 2020-07-15 -159923.31000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 115082.47000000 0.021046141815 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 144079000.00000000 ILS 41721275.16000000 USD 2020-07-15 115082.47000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 -29.00000000 NC USD -133535.43000000 -0.02442079664 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short E-mini Technology Select Sector Futures IXTU0 Index 2020-09-18 -2917264.57000000 USD -133535.43000000 N N N Hong Kong Futures Exchange Ltd. 213800YTVSXYQN17BW16 000000000 -78.00000000 NC 248130.12000000 0.045377733848 N/A DE HK N 1 Hong Kong Futures Exchange Ltd. 213800YTVSXYQN17BW16 Short Hang Seng Index HIN0 Index 2020-07-30 -96486432.51000000 HKD 248130.12000000 N N N Credit Suisse International E58DKGMJYYYJLN8C3868 000000000 7554569.44000000 OU Notional Amount 171638.98000000 0.031389127416 N/A DE CH N 2 Credit Suisse International E58DKGMJYYYJLN8C3868 Swiss Market Gross Total Return Index SMIC Index Y equity-performance leg 2020-09-18 0.00000000 CHF 0.00000000 CHF 7554569.44000000 CHF 171638.98000000 N N N SPDR S&P 500 ETF Trust 549300NZAMSJ8FXPQQ63 78462F103 874700.00000000 NS USD 269722492.00000000 49.32652051662 Long EC RF US N 1 N N N United States Treasury 254900HROIFWPRGM1V77 9127962Y4 7500000.00000000 PA USD 7489401.53000000 1.369652621431 Long STIV UST US N 2 2021-05-20 None 0.00000000 N N N N N N ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 000000000 -753.00000000 NC USD -1045706.16000000 -0.19123746771 N/A DE US N 1 ICE Futures U.S., Inc. 5493004R83R1LVX2IL36 Short MSCI Emerging Markets MESU0 Index 2020-09-18 -36065898.84000000 USD -1045706.16000000 N N N iShares MSCI Brazil ETF F6BK0XM2JFWYXJ2MDK09 464286400 36800.00000000 NS USD 1058368.00000000 0.193553049577 Long EC RF US N 1 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -27490.05000000 -0.00502734683 N/A DFE CO N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 16713432.91000000 USD 62775654000.00000000 COP 2020-07-15 -27490.05000000 N N N iShares iBoxx $ Investment Grade Corporate Bond ETF 549300FYCXFXG8POR355 464287242 131700.00000000 NS USD 17713650.00000000 3.239450717181 Long EC RF US N 1 N N N United States Treasury 254900HROIFWPRGM1V77 912796SZ3 17500000.00000000 PA USD 17499143.20000000 3.200221975104 Long DBT UST US N 2 2020-07-16 None 0.00000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912796TP4 17500000.00000000 PA USD 17490739.53000000 3.198685122179 Long STIV UST US N 2 2020-11-05 None 0.00000000 N N N N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -767320.43000000 -0.14032662479 N/A DFE MX N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 33640020.45000000 USD 756850000.00000000 MXN 2020-07-15 -767320.43000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 267093.95000000 0.048845815960 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 18847000.28000000 EUR 21447509.38000000 USD 2020-07-15 267093.95000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 698.31000000 0.000127706081 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 926519000.00000000 THB 29977157.65000000 USD 2020-07-15 698.31000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -37813.14000000 -0.00691522094 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 338057000.00000000 CNY 47741420.70000000 USD 2020-07-15 -37813.14000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -1653060.84000000 -0.30230975116 N/A DFE BR N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 27067585.29000000 USD 138291000.00000000 BRL 2020-07-15 -1653060.84000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 -1109.00000000 NC -1529479.45000000 -0.27970933721 N/A DE DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short EURO STOXX 50 Index VGU0 Index 2020-09-18 -34381717.05000000 EUR -1529479.45000000 N N N Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 000000000 -61.00000000 NC USD 22657.23000000 0.004143526600 N/A DE SG N 1 Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 Short MSCI Taiwan Index TWN0 Index 2020-07-30 -2662127.23000000 USD 22657.23000000 N N N Euronext Eqf, Equities And Indices Derivatives N/A 000000000 -12.00000000 NC 9693.01000000 0.001772645851 N/A DE NL N 1 Euronext Eqf, Equities And Indices Derivatives N/A Short Amsterdam Index EON0 Index 2020-07-17 -1351547.52000000 EUR 9693.01000000 N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 -178.00000000 NC -502253.31000000 -0.09185147303 N/A DIR DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short Long-Term Euro-BTP (FBTP) IKU0 Comdty 2020-09-08 -25163596.38000000 EUR -502253.31000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 144832.58000000 0.026486805664 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 69555000.00000000 NZD 45031089.44000000 USD 2020-07-15 144832.58000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 -47.00000000 NC USD 45840.51000000 0.008383256584 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short S&P E-mini Consumer Discretionary Select Sector Future IXYU0 Index 2020-09-18 -6107900.51000000 USD 45840.51000000 N N N South African Futures Exchange N/A 000000000 -108.00000000 NC -84457.77000000 -0.01544553401 N/A DE ZA N 1 South African Futures Exchange N/A Short FTSE/JSE TOP 40 AIU0 Index 2020-09-17 -52849806.57000000 ZAR -84457.77000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 52744.00000000 0.009645758419 N/A DFE IN N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 9502083.20000000 USD 722966000.00000000 INR 2020-07-15 52744.00000000 N N N Credit Suisse International E58DKGMJYYYJLN8C3868 000000000 23087982.60000000 OU Notional Amount USD 48579.99000000 0.008884249347 N/A DIR US N 2 Credit Suisse International E58DKGMJYYYJLN8C3868 5 Year US Treasury Note FVU0 Comdty Y equity-performance leg 2020-09-30 0.00000000 USD 0.00000000 USD 23087982.60000000 USD 48579.99000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 5151919.89000000 OU Notional Amount USD -83852.84000000 -0.01533490515 N/A DE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 MSCI Indonesia Net Total Return Index NDEUINF Index Y equity-performance leg 2020-09-18 0.00000000 USD 0.00000000 USD 5151919.89000000 USD -83852.84000000 N N N United States Treasury 254900HROIFWPRGM1V77 9127962Q1 7500000.00000000 PA USD 7490473.95000000 1.369848744293 Long STIV UST US N 2 2021-04-22 None 0.00000000 N N N N N N NYSE Euronext - Euronext Paris 549300HIIRNTNKXV3M12 000000000 137.00000000 NC 14828.76000000 0.002711865550 N/A DE FR N 1 NYSE Euronext - Euronext Paris 549300HIIRNTNKXV3M12 Long CAC 40 Index CFN0 Index 2020-07-17 6718296.28000000 EUR 14828.76000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796TJ8 17500000.00000000 PA USD 17495685.73000000 3.199589677205 Long STIV UST US N 2 2020-09-10 None 0.00000000 N N N N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -232416.99000000 -0.04250413579 N/A DFE JP N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 22753198.44000000 USD 2431316000.00000000 JPY 2020-07-15 -232416.99000000 N N N MALAYSIA GOVERNMENT 254900GSIL471JOBYY43 000000000 76000000.00000000 PA 18103652.28000000 3.310773858693 Long DBT NUSS MY N 2 2021-07-15 Fixed 4.16000000 N N N N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -420835.47000000 -0.07696187771 N/A DFE SE N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 34880709.23000000 USD 321056000.00000000 SEK 2020-07-15 -420835.47000000 N N N Credit Suisse International E58DKGMJYYYJLN8C3868 000000000 56446871.40000000 OU Notional Amount USD 196081.73000000 0.035859187737 N/A DIR US N 2 Credit Suisse International E58DKGMJYYYJLN8C3868 10 Year US Treasury Note TYU0 Comdty Y equity-performance leg 2020-09-21 0.00000000 USD 0.00000000 USD 56446871.40000000 USD 196081.73000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -675496.21000000 -0.12353392338 N/A DFE GB N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 31667912.10000000 USD 25010000.00000000 GBP 2020-07-15 -675496.21000000 N N N Credit Suisse International E58DKGMJYYYJLN8C3868 000000000 4445680.00000000 OU Notional Amount USD 101303.20000000 0.018526205716 N/A DE US N 2 Credit Suisse International E58DKGMJYYYJLN8C3868 RTS IDX VEU0 Index Y equity-performance leg 2020-09-17 0.00000000 USD 0.00000000 USD 4445680.00000000 USD 101303.20000000 N N N Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 000000000 -1618.00000000 NC USD -3254710.91000000 -0.59521756338 N/A DE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short E-mini S&P 500 Index ESU0 Index 2020-09-18 -246742469.09000000 USD -3254710.91000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796UC1 7500000.00000000 PA USD 7493186.48000000 1.370344808473 Long STIV UST US N 2 2021-01-28 None 0.00000000 N N N N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 223678.71000000 0.040906089796 N/A DFE PH N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 24036197.11000000 USD 1207218000.00000000 PHP 2020-07-15 223678.71000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 73303.82000000 0.013405713236 N/A DFE TR N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 27980328.44000000 USD 192874000.00000000 TRY 2020-07-16 73303.82000000 N N N Italian Derivatives Market N/A 000000000 54.00000000 NC 17604.98000000 0.003219577280 N/A DE IT N 1 Italian Derivatives Market N/A Long FTSE/MIB Index STZ7 Index 2020-09-18 5192360.23000000 EUR 17604.98000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796TN9 17500000.00000000 PA USD 17493021.88000000 3.199102515565 Long DBT UST US N 2 2020-10-08 None 0.00000000 N N N N N N SPDR Bloomberg Barclays High Yield Bond ETF 549300NCLW2248PN7J24 78468R622 56700.00000000 NS USD 5735772.00000000 1.048950990845 Long EC RF US N 1 N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 25.00000000 NC -8510.51000000 -0.00155639169 N/A DE DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Long DAX Index GXU0 Index 2020-09-18 7711012.50000000 EUR -8510.51000000 N N N Nasdaq Nordic N/A 000000000 -56.00000000 NC -37543.89000000 -0.00686598083 N/A DE SE N 1 Nasdaq Nordic N/A Short OMXS30 Index QCN0 Index 2020-07-17 -8981158.48000000 SEK -37543.89000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796XE4 7500000.00000000 PA USD 7492531.28000000 1.370224986295 Long STIV UST US N 2 2021-02-25 None 0.00000000 N N N N N N FIXED INC CLEARING CORP.REPO 549300H47WTHXPU08X20 000000000 15297482.91000000 PA USD 15297482.91000000 2.797585025326 Long RA CORP US N 2 Repurchase N 0.00000000 2020-07-01 14495700.00000000 USD 15603171.48000000 USD UST N N N The Montreal Exchange / Bourse De Montreal N/A 000000000 -2.00000000 NC -8293.84000000 -0.00151676734 N/A DE CA N 1 The Montreal Exchange / Bourse De Montreal N/A Short S&P/TSX 60 Index PTU0 Index 2020-09-17 -360140.28000000 CAD -8293.84000000 N N N Korea Exchange (futures Market) N/A 000000000 49.00000000 NC -91780.22000000 -0.01678465474 N/A DE KR N 1 Korea Exchange (futures Market) N/A Long Korea Stock Exchange KOSPI 200 Index KMU0 Index 2020-09-10 3550197833.00000000 KRW -91780.22000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -468383.31000000 -0.08565736872 N/A DFE ZA N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 22839517.78000000 USD 388756000.00000000 ZAR 2020-07-15 -468383.31000000 N N N Credit Suisse International E58DKGMJYYYJLN8C3868 000000000 2975000.00000000 OU Notional Amount -29031.23000000 -0.00530919595 N/A DIR DE N 2 Credit Suisse International E58DKGMJYYYJLN8C3868 Euro-Bund (FGBL) RXU0 Comdty Y equity-performance leg 2020-09-08 0.00000000 EUR 0.00000000 EUR 2975000.00000000 EUR -29031.23000000 N N N Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 000000000 806.00000000 NC -322602.43000000 -0.05899713911 N/A DE SG N 1 Singapore Exchange Derivatives Clearing Limited 549300ZLWT3FK3F0FW61 Long MSCI Singapore Index QZN0 Index 2020-07-29 24295088.74000000 SGD -322602.43000000 N N N iShares Core MSCI Emerging Markets ETF 5493007C24Z3ZDJ0VD06 46434G103 518700.00000000 NS USD 24690120.00000000 4.515299045724 Long EC RF US N 1 N N N Dragon Capital - Vietnam Enterprise Investments Ltd 213800SYT3T4AGEVW864 000000000 2151600.00000000 NS 11077432.63000000 2.025827374808 Long EC RF KY N 1 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 43860.88000000 0.008021224263 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 172529287000.00000000 IDR 11906783.09000000 USD 2020-07-15 43860.88000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -229682.02000000 -0.04200396781 N/A DFE CL N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 5211331.93000000 USD 4090635000.00000000 CLP 2020-07-15 -229682.02000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796TU3 15000000.00000000 PA USD 14990635.35000000 2.741469117633 Long STIV UST US N 2 2020-12-03 None 0.00000000 N N N N N N The Montreal Exchange / Bourse De Montreal N/A 000000000 -83.00000000 NC -27903.13000000 -0.00510289039 N/A DIR CA N 1 The Montreal Exchange / Bourse De Montreal N/A Short Canadian Government Bond CNU0 Comdty 2020-09-21 -12729178.71000000 CAD -27903.13000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC 119855.83000000 0.021919088073 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 213006000.00000000 CZK 9099204.16000000 USD 2020-07-15 119855.83000000 N N N iShares MSCI Chile ETF 5493008SR8ZGY2IJU464 464286640 230000.00000000 NS USD 5796000.00000000 1.059965414061 Long EC RF US N 1 N N N United States Treasury 254900HROIFWPRGM1V77 912796TY5 7500000.00000000 PA USD 7493709.38000000 1.370440435787 Long STIV UST US N 2 2020-12-31 None 0.00000000 N N N N N N Eurex Deutschland 529900LN3S50JPU47S06 000000000 -334.00000000 NC USD 263375.70000000 0.048165826933 N/A DE DE N 1 Eurex Deutschland 529900LN3S50JPU47S06 Short MSCI Mexico Index ZVPU0 Index 2020-09-18 -5994815.70000000 USD 263375.70000000 N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 000000000 10845000.00000000 OU Notional Amount 204087.91000000 0.037323348175 N/A DCR US N 2 Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 iTraxx Europe S33.V1 2I666VCW3 Y sell protection 2025-06-20 50063.56000000 EUR 0.00000000 EUR 10845000.00000000 EUR 148762.62000000 N N N United States Treasury 254900HROIFWPRGM1V77 912796TD1 17500000.00000000 PA USD 17497387.08000000 3.199900818019 Long STIV UST US N 2 2020-08-13 None 0.00000000 N N N N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 000000000 1.00000000 NC -481171.55000000 -0.08799606646 N/A DFE RU N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 20889551.00000000 USD 1454811000.00000000 RUB 2020-07-15 -481171.55000000 N N N 2020-07-15 WILLIAM BLAIR FUNDS John Raczek John Raczek Principal Financial Officer