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.