WILLIAM BLAIR SICAV'S APPROACH ON ACCRUAL OF INDIA CAPITAL GAINS TAX

     

    31 August 2021

     

    Dear Valued Investor


    In the interests of all shareholders, the Board of Directors (the “Board”) of William Blair SICAV (the “SICAV”) has approved the adoption of an accrual of capital gains tax (“CGT”) accounting treatment with regard to any Indian securities subject to such CGT  in the calculation of net asset value for any sub-fund of the SICAV holding such securities.


    The implementation of CGT accrual is an accepted standard in the market. The purpose of providing for an accrual for CGT is to protect existing shareholders in any impacted sub-fund, where all shareholders equally bear the cost of any known tax liability. The accrual of CGT is part of the net asset valuation process and does not impact the investment management of sub-funds. The adoption of the accrual of Indian CGT was introduced with effect from 20 August 2021.


    We appreciate your ongoing support of William Blair.