0001193125-23-126777 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 28th, 2023 • William Blair Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of May 1, 2023 by and between William Blair Investment Management, LLC, a Delaware limited liability company (the “Adviser”) and William Blair Funds, a Delaware statutory trust (the “Trust”), on behalf of each series of the Trust reflected in Schedule A hereto, as may be amended from time to time (each a “Fund” and collectively, the “Funds”).

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Re: Management Agreement with William Blair Funds dated December 15, 1999 (the “Management Agreement”)
Management Agreement • April 28th, 2023 • William Blair Funds

Pursuant to Section 7 of the Management Agreement, William Blair Investment Management, LLC proposes to amend the Management Agreement to reduce the management fee for the Funds below effective May 1, 2023 as follows:

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