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 application and submit it to the address noted in the application instructions. You can also invest in Driehaus Mutual Funds through several online platforms, including Schwab.com, Fidelity.com and TDAmeritrade.com.

Are you a load or no-load fund family?

We are a no-load fund family.  We have no sales charges and no 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 is $10,000 with a subsequent investment minimum of $2,000.

What is the minimum contribution for an IRA account?

The minimum initial investment is $2,000 with a subsequent investment minimum of $500.

What is the process for a transfer of assets or a rollover 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 PFPC, Driehaus Mutual Funds' transfer agent, 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 your new account.

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

A rollover is when your existing IRA custodian issues a check to you (this can only be done once a year). A transfer of assets is when your funds 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 for a new account?

To wire wire money when opening an account directly with Driehaus Mutual Funds, you must indicate this in the appropriate section of the account application and return the application to PFPC 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. Please call Shareholder Services at (800) 560-6111 with any questions.

Driehaus Capital Management LLC and PFPC charge no fees to accept money wired into your account. Check with your bank for any wire fees it may charge.

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)

Who is PFPC Inc.?

PFPC Inc. is the transfer agent for Driehaus Mutual Funds. A transfer agent maintains shareholders' records, including purchases, sales and account balances.

What is the mailing address for PFPC?

The mailing address is:

Driehaus Mutual Funds

c/o PFPC Inc.

P.O. Box 9817

Providence, Rhode Island 02940

To overnight an application, send it to:

Driehaus Mutual Funds

c/o PFPC Inc.

101 Sabin Street

Pawtucket, RI 02860-1427

My account was not set up to make transactions by telephone but I want that option. What do I do?  
Current Investors should complete the Optional Account Services Form  to add this option to their account and mail it to Driehaus Mutual Funds, care of PFPC, P.O. Box 9817, Providence, Rhode Island 02940. The Driehaus Mutual Funds' account application allows new shareholders to elect telephone privileges when the account is opened.

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 PFPC Inc.

            P.O. Box 9817

            Providence, Rhode Island 02940 

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

A signature guarantee assures that a signature is genuine and protects shareholders from unauthorized account activity. You can obtain a 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 transfer money between different Driehaus Mutual Funds?

Yes, 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.

Is there a penalty for redeeming my fund shares?

Only for shares redeemed within 60 days of purchase, which are assessed a 2% redemption fee on the amount redeemed.

Do you offer an Automatic Investment Plan?

Yes, you may make additional investments in shares of the Funds automatically by authorizing the Transfer Agent to withdraw funds via Automated Clearing House Network Transfer ("ACH") from your pre-designated bank account through the Automatic Invesment Plan. New investors who would like to participate in the Automatic Investment Plan or make additional investments in the Funds by ACH should complete the appropriate section of the  Mutual Fund Application  and mail it to Driehaus Mutual Funds at the Transfer Agent's address noted above. Current investors should complete the Optional Account Services Form  to add this option to their account(s) and mail it to the Transfer Agent.  To obtain either form via mail, call Shareholder Services at 1-800-560-6111.