Frequently Asked Questions

Where can I buy your funds?

You can purchase shares directly from Driehaus Mutual Funds. Simply review the disclosure information, complete the appropriate application and submit it to the address noted in the application instructions. You can also invest in Driehaus Mutual Funds through several third-party platforms, including Schwab.com, Fidelity.com and TDAmeritrade.com. There may be fees associated with investing in Driehaus Mutual Funds through these platforms.

Are you a load or no-load fund family?

Driehaus Mutual Funds is a no-load fund family.  There are no sales charges or 12b-1 fees.

What are your ticker symbols?

Where can I get NAV (net asset value) information about your funds?

You can view NAV information on driehaus.com.  Many other financial websites also provide our daily NAV information, including Schwab.com, Fidelity.com and TDAmeritrade.com.

What is the minimum initial investment for a taxable (non-IRA) account?

The minimum initial investment for the Driehaus Active Income Fund is $25,000 with a subsequent investment minimum of $5,000.

The minimum initial investment for all other Funds is $10,000 with a subsequent investment minimum of $2,000.

What is the minimum contribution for an IRA account?

The minimum initial contribution is $2,000 with subsequent contributions of at least $500.

How can I transfer assets or rollover my IRA to a new Traditional or Roth IRA?

You can transfer existing IRA assets into a new IRA account by completing the Driehaus Mutual Funds IRA Application and the Transfer of Assets Form, found in the online IRA application kits.  You must check the “transfer of assets” box.  This gives PNC Global Investment Servicing or UMB Fund Services, Inc. (for the Driehaus Active Income Fund), Driehaus Mutual Funds' transfer agents, permission to request your assets from your current IRA custodian.

If you want to rollover assets, mark “direct rollover,” not “transfer of assets” on the transfer form.

A transfer of assets takes four to six weeks to complete. If you request a rollover, your IRA custodian will deliver a check to you. You must then forward the assets to PNC Global Investment Servicing or UMB Fund Services, Inc. (for the Driehaus Active Income Fund) to invest in your Driehaus Mutual Funds IRA account.

What is the difference between a transfer of assets and a rollover?

In a rollover, your existing IRA custodian issues a check to you (this can only be done once a year). With a transfer of assets, your IRA assets are sent directly between custodians. 

To avoid income tax and a penalty tax on the rollover, you have 60 days from the date you receive your rollover check to invest the assets in another qualified IRA plan. There are no time constraints when you transfer assets directly between IRA custodians.

How do I wire money to open a new account?

To wire money when opening an account directly with Driehaus Mutual Funds, mark the appropriate section of the account application and return the application to PNC Global Investment Servicing or UMB Fund Services, Inc. (for the Driehaus Active Income Fund) at the address noted below. A representative from Shareholder Services will contact you with an account number and further instructions to initiate the wire transfer to your new account. For questions relating to the Driehaus Active Income Fund, please call Shareholder Services at (877) 779-0079. For questions relating to our other Funds, please call (800) 560-6111.

Neither Driehaus Mutual Funds nor its transfer agents charge a fee to accept money wired into your account. Check with your bank for any wire fees it may charge.

PNC Global Investment Servicing Wire instructions:

PNC Bank, NA

ABA Number: 031000053

Credit: Driehaus Purchase Account

Bank Account Number: 8611082419

Further Credit: (Shareholder name, Fund name and account number to be provided)

UMB Fund Services, Inc. Wire instructions (for the Driehaus Active Income Fund):

UMB Bank, n.a.

ABA # 101000695

Credit: Driehaus Mutual Funds

Bank Account # 9871878937

• Driehaus Active Income Fund

For Further Credit to: Investor account number; Name(s) of Investor(s); SSN or TIN; Name of Fund to be Purchased.

Who is PNC Global Investment Servicing?

PNC Global Investment Servicing is the transfer agent for all Driehaus Mutual Funds except for the Driehaus Active Income Fund (see below). A transfer agent maintains shareholders' records, including purchases, sales and account balances.

What is the mailing address for PNC Global Investment Servicing?

The mailing address is:

Driehaus Mutual Funds

c/o PNC Global Investment Servicing Inc.

P.O. Box 9817

Providence, Rhode Island 02940

To overnight an application, send it to:

Driehaus Mutual Funds

c/o PNC Global Investment Servicing Inc.

101 Sabin Street

Pawtucket, RI 02860-1427

Who is UMB Fund Services, Inc.?

UMB Fund Servicing, Inc. is the transfer agent for the Driehaus Active Income Fund. A transfer agent maintains shareholders' records, including purchases, sales and account balances.

What is the mailing address for UMB Fund Services, Inc.?

The mailing address is:

Driehaus Mutual Funds

c/o UMB Fund Services, Inc.

P.O. Box 2175

Milwaukee, WI 53201-2175

To overnight an application, send it to:

Driehaus Mutual Funds

c/o UMB Fund Services, Inc.

803 W. Michigan St.

Milwaukee, WI 53233

I declined the Telephone Privileges when my account was originally opened. Now I want to add that option. What do I do?  
Current investors in the Driehaus Active Income Fund should complete the Driehaus Active Income Fund Optional Account Services Form, to add this option to their account and mail it to Driehaus Mutual Funds, care of UMB Fund Services, Inc., P.O. Box 2175, Milwaukee, WI 53201-2175.

Current investors for all other Funds should complete the Optional Account Services Form  to add this option to their account and mail it to Driehaus Mutual Funds, care of PNC Global Investment Servicing Inc., P.O. Box 9817, Providence, Rhode Island 02940.

How do I change the mailing address on my account?

Address changes must be requested by the shareholder in a letter that includes a signature guarantee. In your letter, you must include your account number and clearly label what information has changed. Send the letter to:

            Driehaus Mutual Funds

            c/o PNC Global Investment Servicing Inc.

            P.O. Box 9817

            Providence, Rhode Island 02940 

           or

            for the Driehaus Active Income Fund:

            Driehaus Mutual Funds

            c/o UMB Fund Services, Inc.

            P.O. Box 2175

            Milwaukee, WI 53201-2175

What is a medallion signature guarantee and where do I get one?

Driehaus Mutual Funds requires a medallion signature guarantee on certain transactions and requests in order to receive assurance from the guaranteeing entity (bank, broker, etc.) that the signature(s) are genuine. This protects shareholders from unauthorized account activity. You can obtain a medallion signature guarantee at any domestic bank, trust company, savings association, or any broker, dealer, or clearing agency that participates in a medallion program recognized by the Securities Transfer Association.

Can I exchange from one Driehaus Mutual Fund to another?

Yes, except for the Driehaus Active Income Fund, you may redeem shares of one Driehaus Mutual Fund and use the proceeds to purchase shares in another Driehaus Mutual Fund. This is a taxable transaction if the money is not invested in an IRA or other qualified plan.

Is there a penalty for redeeming my fund shares?

Shares redeemed within 60 days of purchase, are assessed a 2% redemption fee on the amount redeemed. There is no redemption fee for the Driehaus Active Income Fund.

Do you offer an Automatic Investment Plan?

Yes, you may make additional investments in shares of Driehaus Mutual Funds automatically by authorizing Driehaus Mutual Funds' transfer agents to withdraw funds via Automated Clearing House Network Transfer ("ACH") from your pre-designated bank account through the Automatic Invesment Plan. If you would like to participate in the Automatic Investment Plan or make additional investments in the Funds by ACH in your new Driehaus Mutual Funds account, complete the appropriate section of the  Mutual Fund Application  and mail it to the appropriate transfer agent's address as noted above. Current investors in the Driehaus Active Income Fund should complete the Driehaus Active Income Fund Optional Account Services Form, current investors for all other Funds should complete the Optional Account Services Form to add this option to their account(s) and mail it to the corresponding transfer agent.  To obtain these forms by mail, call Shareholder Services at 1-800-560-6111 or for the Driehaus Active Income Fund, call 1-877-779-0079.