William Blair Funds

10/21/2026 | Press release | Distributed by Public on 10/21/2026 08:53

Prospectus by Investment Company (Form 497)

WILLIAM BLAIR FUNDS

William Blair Emerging Markets Debt Fund

(the "Fund")

Supplement dated October 21, 2026 to the Fund's Prospectus and Statement

of Additional Information, each dated May 1, 2026, as supplemented

The reorganization of the Fund into William Blair Emerging Income ETF occurred after the close of business on October 16, 2026. All references to, and information with respect to, the Fund are hereby deleted from the Prospectus and Statement of Additional Information.

WILLIAM BLAIR FUNDS

150 North Riverside Plaza

Chicago, Illinois 60606

Please retain this supplement for future reference.

William Blair Funds published this content on October 21, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 21, 2026 at 14:54 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]