Driehaus Large Cap Growth
Second Quarter 2010
| Portfolio Manager: |
Dan Wasiolek |
| Assistant Portfolio Manager: |
Michael Schmidt |
| Assets Under Management: |
$173 Million
|
| Inception Date: |
4/1/07 |
|
Separately Managed Accounts
Minimum Initial Investment:
|
$5 Million |
Investment Objective: Maximize capital appreciation through investing in a diversified portfolio of U.S. traded, large-capitalization growth stocks.
Investment Strategy: The Large Cap Growth Strategy invests in companies with market capitalizations generally greater than $10 billion. The Strategy typically maintains a portfolio consisting of 30 to 65 stocks and generally limits individual positions to less than 5% at cost.
| Sector Weightings (as of 6/30/10) |
|
Information Technology
|
35.9%
|
|
Consumer Discretionary
|
17.7%
|
|
Health Care
|
13.7%
|
|
Consumer Staples
|
7.9%
|
|
Industrials
|
7.2%
|
|
Materials
|
2.9%
|
|
Energy
|
2.7%
|
|
Telecommunication Services
|
2.0%
|
|
Financials
|
1.0% |
|
Cash
|
9.0%
|
Source: Morgan Stanley Capital International and Standard & Poor's Global Industry Classification Standard
| Top 10 Holdings (as of 7/31/10) |
|
Apple Inc.
|
5.9%
|
|
Rovi Corp
|
3.9%
|
|
Las Vegas Sands Corp.
|
2.9%
|
|
Cummins Inc.
|
2.9%
|
|
Microsoft Corp.
|
2.8%
|
|
Deere & Co.
|
2.7%
|
|
Cisco Systems Inc.
|
2.6%
|
|
NetApp Inc.
|
2.6%
|
| Google Inc. (Cl A) |
2.6% |
|
American Tower Corp.
|
2.6% |
|
Average Annual Total Return (as of 6/30/10)
|
| ______Annualized______ |
|
2nd QTR
|
YTD |
1 Year |
3 Year |
5 Year |
Since
Inception (4/1/07) |
| Driehaus Large Cap Growth |
-11.25%
|
-6.66%
|
11.87%
|
-4.71%
|
n/a
|
-0.78%
|
| Russell 1000 Growth Index |
-11.74%
|
-7.64%
|
13.62%
|
-6.91%
|
n/a
|
-4.46%
|
|
Cumulative Total Return (4/1/07 to 6/30/10)
|
| Driehaus Large Cap Growth |
-2.5%
|
| Russell 1000 Growth Index |
-13.8%
|
For the most current month-end summary sheet for the Driehaus Large Cap Growth Strategy, please click here .
The Russell 1000 Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index measures the performance of the 1,000 largest companies in the Russell 3000 Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index.
For additional disclosure on the Composite, please click here.
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