Driehaus International Equity Yield Fund

 

 

Lead Portfolio Manager:

 Lynette D. Schroeder

Co-Portfolio Manager:

 Daniel Rea

Assets Under Management as of 3/31/08:

$69 Million

Inception Date:

4/2/07

Minimum Initial Investment:

$10,000

Ticker Symbol:

DRIYX

 

Driehaus International Equity Yield Fund. The investment objective of the Driehaus International Equity Yield Fund is to maximize capital appreciation. There are no restrictions on the capitalization of companies whose securities the Fund may buy; however, the Fund generally invests in the stocks of small to mid-size foreign companies. Under normal market conditions, the Fund will invest substantially all (no less than 65%) of its assets in at least three countries other than the United States. The Fund may invest a substantial portion of its assets in emerging markets from time to time.

 

Regional Weightings (as of 3/31/08)

 

Top Ten Holdings  (as of 3/31/08)

Western Europe

44.0%

 

Potash Corp. of Saskatchewan Inc.

2.0%

Pacific Rim

22.5%

 

CSL Ltd.

2.0%

North America

13.5%

 

Tecnicas Reunidas S.A.

1.9%

Eastern Europe

7.4%

 

Alstom S.A.

1.8%

South America

3.1%

 

Coca-Cola Hellenic Bottling Co. S.A.

1.8%

Africa

2.5%

 

Syngenta AG

1.8%

Middle East

1.1%

 

Millicom International Cellular S.A.

1.8%

Cash/Other

6.0%

 

Boart Longyear Ltd.

1.8%

 

 

Yamana Gold Inc.

1.7%

 

 

America Movil S.A.B. de C.V. (ADS)

1.7%

 

 

Country Weightings  (as of 3/31/08)

 

Sector Weightings  (as of 3/31/08)

Canada

8.9%

 

Industrials

23.4%

United Kingdom

8.9%

 

Materials

13.8%

Australia

8.6%

 

Information Technology

10.2%

Japan

7.4%

 

Energy

9.8%

Russia

5.8%

 

Health Care

9.1%

Switzerland

4.9%

 

Financials

7.4%

Germany

4.9%

 

Consumer Discretionary

7.3%

Finland

3.8%

 

Consumer Staples

6.8%

Spain

3.5%

 

Telecommunication Services

5.2%

Greece

3.5%

Utilities

1.0%

Brazil

3.1%

Cash/Unassigned

6.0%

Mexico

2.9%
France

2.5%

Netherlands

2.3%

Denmark

1.8%

Austria

1.8%

Luxembourg

1.8%

Norway

1.7%

South Africa

1.7%

Singapore

1.6%

Malaysia

1.5%

Italy

1.4%

Korea

1.3%

Indonesia

1.3%

Belgium

1.2%
Czech Republic

1.1%
Israel

1.1%
Sweden

1.0%
Egypt

0.8%
Hong Kong

0.8%
Portugal

0.5%
Turkey

0.5%
Ireland

0.3%
Cash/Unassigned

6.0%

 

 

 

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.