Driehaus International Small Cap Growth Fund


Co-Portfolio Manager:

 

Co-Portfolio Manager

 

Assistant Portfolio Manager

Howard Schwab

 

David Mouser

 

Ryan Carpenter

Assets Under Management as of 6/30/10:

$190 Million

Inception Date:

9/17/07

Minimum Initial Investment:

$10,000

Ticker Symbol:

DRIOX

 

 

Driehaus International Small Cap Growth Fund. The Driehaus International Small Cap Growth Fund seeks to maximize capital appreciation. The Fund invests primarily in equity securities of smaller capitalization non-U.S. companies exhibiting strong growth characteristics. Under normal market conditions, the Fund invests at least 80% of its net assets in the equity securities of non-U.S. small capitalization companies, which the Adviser currently considers to be companies located in the same countries and within the same market capitalization range at the time of investment as those included in the Morgan Stanley Capital International (MSCI) All Country World Ex-USA Small Cap Growth Index. 

 

 

Regional Weightings (as of 6/30/10)

 

Top Ten Holdings (as of 7/31/10)

Asia

39.2%

 

Zhuzhou CSR Times Electric Co. Ltd.

2.3%

Europe

28.5%

 

Banco Compartamos S.A. Institucion de Banca Multiple

2.1%

Americas

19.4%

 

Rieter Holding AG

1.7%

Africa

3.0%

 

BR Malls Participacoes S/A

1.7%

Middle East

1.6%

 

Dufry AG

1.6%

Oceania

0.7%

 

Massmart Holdings Ltd.

1.6%

Cash

7.6%

 

Even Construtora e Incorporadora S/A

1.6%

 

 

 

LARGAN Precision Co. Ltd.

1.6%

 

 

 

Bankers Petroleum Ltd.

1.5%

 

 

Telecity Group PLC

1.5%

 

 

Country Weightings (as of 6/30/10)

 

Sector Weightings (as of 6/30/10)

Japan

19.6%

 

Information Technology

26.2%

United Kingdom

13.8%

 

Consumer Discretionary

24.6%

China

10.1%

 

Industrials

14.4%

Canada

8.9%

 

Health Care

7.0%

Brazil

7.1%

 

Energy

6.9%

Switzerland

6.5%

 

Materials

5.4%

Taiwan

3.7%

 

Consumer Staples

5.1%

Mexico

3.5%

 

Financials

3.0%

Italy

3.3%

 

Cash

7.6%

South Africa

3.0%

 

 

Germany

3.0%

Hong Kong

2.6%

India

1.7%

Israel

1.6%

South Korea

1.5%

Spain

1.0%

Norway

0.9%

Australia

0.7%

Cash

7.6%

 

 

 

 

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.