Driehaus Large Cap Growth
Fourth Quarter 2009
| Portfolio Manager: |
Dan Wasiolek |
| Assistant Portfolio Manager: |
Michael Schmidt |
| Assets Under Management: |
$193 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 50 stocks and generally limits individual positions to less than 5% at cost.
| Sector Weightings (as of 12/31/09) |
|
Information Technology
|
29.5%
|
|
Consumer Discretionary
|
19.3%
|
|
Health Care
|
13.5%
|
|
Materials
|
10.2%
|
|
Consumer Staples
|
8.6%
|
|
Energy
|
6.3%
|
|
Industrials
|
5.5%
|
|
Telecommunication Services
|
4.2%
|
|
Financials
|
1.1% |
|
Cash
|
1.8%
|
Source: Morgan Stanley Capital International and Standard & Poor's Global Industry Classification Standard
| Top 10 Holdings (as of 1/31/10) |
|
Apple Inc.
|
4.1%
|
|
American Tower Corp.
|
3.6%
|
|
priceline.com Inc.
|
3.5%
|
|
Microsoft Corp.
|
3.2%
|
|
Express Scripts Inc.
|
3.1%
|
|
CBS Corp (Cl B)
|
2.9%
|
|
Equinix Inc.
|
2.8%
|
|
Check Point Software Technologies Ltd.
|
2.8%
|
| Ford Motor Co. |
2.7% |
|
Oracle Corp.
|
2.6% |
|
Average Annual Total Return (as of 12/31/09)
|
| ______Annualized______ |
|
4th QTR
|
YTD |
1 Year |
3 Year |
5 Year |
Since
Inception (4/1/07) |
| Driehaus Large Cap Growth |
4.55%
|
24.34%
|
24.34%
|
n/a
|
n/a
|
1.58%
|
| Russell 1000 Growth Index |
7.94%
|
37.21%
|
37.21%
|
n/a
|
n/a
|
-2.47%
|
|
Cumulative Total Return (4/1/07 to 12/31/09)
|
| Driehaus Large Cap Growth |
4%
|
| Russell 1000 Growth Index |
-7%
|
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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