Driehaus Emerging Markets Growth Fund

 

 

Portfolio Manager:

 

Assistant Portfolio Manager

Howard Schwab

 

Chad Cleaver 

Assets Under Management as of 3/31/08:

$739 Million

Inception Date:

12/31/97

Minimum Initial Investment:

$10,000

See Prospectus

Ticker Symbol:

DREGX

 

Driehaus Emerging Markets Growth Fund. The investment objective of the Driehaus Emerging Markets Growth Fund is to maximize capital appreciation. The Fund pursues its objective by investing primarily in the equity securities of emerging market companies. At least 65% of the Fund's assets will be invested in the equity securities of emerging markets companies.

 

Regional Weightings (as of 3/31/08)

 

Top Ten Holdings (as of 5/31/08)

Pacific Rim

38.2%

 

Gazprom OAO (ADS)

4.5%

Eastern Europe

11.8%

 

Credicorp Ltd.

3.0%

South America

11.7%

 

Companhia Vale do Rio Doce (ADS)

3.0%

Africa

9.7%

 

Petroleo Brasileiro S/A (ADS)

2.9%

Central Asia

7.3%

 

Wellstream Holdings PLC

2.8%

North America

7.3%

 

Samsung Electronics Co. Ltd.

2.6%

Western Europe

5.9%

 

Uralkaliy GDR

2.3%

Cash/Other

8.2%

 

ITC Ltd.

2.3%

 

 

 

First Financial Holding Co. Ltd.

2.2%

Cyrela Brazil Realty S/A Empreendimentose e Participacoes

2.2%

 

 

 

 

 

 

Country Weightings (as of 3/31/08)

 

Sector Weightings (as of 3/31/08)

Taiwan

11.2%

 

Financials

17.3%

Russia

10.0%

 

Energy

15.9%

Brazil

9.6%

 

Consumer Discretionary

15.8%

Korea

8.7%

 

Materials

12.4%

China

7.3%

 

Telecommunication Services

9.7%

India

6.2%

 

Information Technology

6.6%

Thailand

5.5%

 

Consumer Staples

6.6%

Mexico

5.2%

 

Health Care

2.8%

United Kingdom

4.1%

 

Industrials

2.4%

Egypt

4.0%

Utilities

1.1%

South Africa

3.5%

Cash/Unassigned

 9.5%

Indonesia

2.9%

 

Morocco

2.2%

Turkey

1.9%

Canada

1.6%

Hong Kong

1.5%

Greece

1.2%
Argentina

1.2%

Malaysia

1.1%

Pakistan

1.0%
Peru

1.0%
Jersey

0.6%
Cayman Islands

0.5%
Cash/Unassigned

8.2%

 

 

 

 

View average annual return.

 

View cumulative total return.

 

 

 

Sources: eVestment Alliance, LLC, SS&C Inc., FactSet Research Systems Inc., Morgan Stanley Capital International and Standard & Poor's Global Industry Classification Standard methodology to identify sector classifications, Thomson Financial IBES, Thomson Worldscope Fundamentals to identify regional weightings.

 

Investments in overseas markets can pose more risks than U.S. investments, and the Fund's share price is expected to be more volatile than that of a U.S.-only fund. In addition, the Fund's returns will fluctuate with changes in stock market conditions, currency values, interest rates, foreign government regulations, and economic and political conditions in countries in which the Fund invests. These risks are generally greater when investing in emerging markets.

 

Since Fund performance is subject to change after the month-end, please call (800) 560-6111 or check our daily  NAVs  for more current performance information.

 

Please consider the investment objectives, risks, fees and expenses of the Funds carefully prior to investing. The  prospectus contains this and other important information about the Funds. To obtain a copy of the prospectus, please call  us at (800) 560-6111.  Please read the prospectus carefully before investing.