Driehaus International Discovery Fund

 

 

Portfolio Manager:

 

Assistant Portfolio Manager:

Daniel Rea

 

David Mouser

Assets Under Management as of 12/31/09:

$365 Million

Inception Date:

12/31/98

Minimum Initial Investment:

$10,000

Ticker Symbol:

DRIDX

 

Driehaus International Discovery Fund. The investment objective of the Driehaus International Discovery 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 12/31/09)

 

Top Ten Holdings (as of 1/31/10)

Pacific Rim

38.9%

 

OGX Petroleo e Gas Participacoes S/A

1.8%

Western Europe

34.2%

 

Toshiba Corp.

1.6%

North America

8.2%

 

Wimm-Bill-Dann Foods OJSC (ADS)

1.5%

South America

7.0%

 

Vale S.A. (ADS)

1.5%

Eastern Europe

4.0%

 

China Coal Energy Co. Ltd.

1.5%

Central Asia

2.0%

 

Infineon Technologies AG

1.4%

Africa

1.2%

 

Macarthur Coal Ltd.

1.4%

Cash

3.5%

 

Koninklijke Boskalis Westminster N.V.

1.4%

Unassigned

1.2%

 

Sberbank

1.3%

 

 

Fibria Celulose S.A. (ADS)

1.3%

 

 

Country Weightings (as of 12/31/09)

 

Sector Weightings (as of 12/31/09)

Japan

16.7%

 

Information Technology

19.9%

United Kingdom

9.8%

 

Materials

17.1%

China

8.6%

 

Industrials

12.5%

Brazil

7.0%

 

Consumer Discretionary

11.8%

Australia

6.5%

 

Energy

10.0%

Germany

6.4%

 

Consumer Staples

8.3%

France

6.0%

 

Financials

8.0%

Canada

5.5%

 

Health Care

6.4%

Russia

4.1%

 

Telecommunication Services

2.7%

Ireland

3.1%

Cash

3.5%

Sweden

2.7%

 

 

Hong Kong

2.6%

India

2.0%

Greece

1.8%

Denmark

1.5%

Korea

1.4%

Netherlands

1.4%

Mexico

1.3%

Bermuda

1.3%

South Africa

1.2%

Taiwan

1.2%

Turkey

1.1%
Indonesia

0.9%

United States

0.9%
Italy

0.9%

Norway

0.8%

Cash

3.5%

 

 

 

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.