Driehaus International Small Cap Growth Fund

 

 

Lead Portfolio Manager:

 Howard Schwab 

Co-Portfolio Manager:

 David Mouser

Assets Under Management as of 3/31/08:

$156 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 whose market capitalization is less than $2.5 billion at the time of investment.

 

Regional Weightings (as of 3/31/08)

 

Top Ten Holdings (as of 3/31/08)

Pacific Rim

32.9%

 

5N Plus Inc.

3.8%

Western Europe

21.5%

 

Wellstream Holdings PLC

3.7%

North America

19.8%

 

Capcom Co. Ltd.

3.1%

South America

7.7%

 

Elswedy Cables Holding Co.

3.1%

Africa

5.2%

 

Megastudy Co. Ltd.

3.0%

Middle East

2.6%

 

Labrador Iron Ore Royalty Income Fund

2.8%

Eastern Europe

1.4%

 

Asian Property DEV THB1 (NVDR)

2.7%

Other

8.8%

 

Elbit Systems Ltd.

2.6%

 

 

 

Vossloh AG

2.5%

 

 

Desarrolladora Homex S.A.B. de C.V.

2.4%

 

 

Country Weightings (as of 3/31/08)

 

Sector Weightings (as of 3/31/08)

Canada

14.4%

 

Industrials

22.0%

United Kingdom

7.5%

 

Materials

17.3%

Japan

6.4%

 

Energy

12.4%

Australia

6.2%

 

Financials

11.2%

Brazil

5.7%

 

Consumer Discretionary

9.1%

Germany

5.7%

 

Information Technology

8.7%

Thailand

5.6%

 

Consumer Staples

7.6%

Egypt

5.2%

 

Health Care

2.2%

Korea

4.8%

 

Cash/Unassigned

9.5%

Hong Kong

4.4%

 

Netherlands

4.0%

 

United States

3.3%

Israel

2.6%

Mexico

2.1%

Argentina

2.0%

Indonesia

1.7%

Switzerland

1.6%

Papua New Guinea

1.6%

Russia

1.4%

Singapore

1.2%

Taiwan

1.1%

Norway

1.0%

Spain

0.9%

Sweden

0.7%

Cash/Unassigned

8.8%

 

 

 

 

 

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 Fundamentalsto 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..