Driehaus International Discovery Fund

 

 

Portfolio Manager:

 

Assistant Portfolio Manager:

Daniel Rea

 

David Mouser

Assets Under Management as of 3/31/09:

$258 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 3/31/09)

 

Top Ten Holdings (as of 5/31/09)

Western Europe

41.3%

 

Petrobras Petroleo Brasileiro

2.1%

Pacific Rim

32.2%

 

Autonomy Corp. PLC

1.9%

North America

9.4%

 

Research In Motion Ltd.

1.8%

South America

9.1%

 

Potash Corp. of Saskatchewan Inc.

1.7%

Eastern Europe

2.3%

 

China Resources Land Ltd.

1.6%

Africa

2.0%

 

China Coal Energy Co. Ltd.

1.6%

Cash

3.8%

 

Wimm-Bill-Dann Foods OJSC (ADS)

1.6%

 

 

 

OGX Petroleo e Gas Participacoes S/A

1.6%

 

 

 

Petrofac PLC

1.6%

 

 

BG Group PLC

1.5%

 

 

Country Weightings (as of 3/31/09)

 

Sector Weightings (as of 3/31/09)

United Kingdom

15.8%

 

Industrials

17.1%

Japan

12.9%

 

Information Technology

13.9%

Brazil

9.1%

 

Energy

12.5%

Australia

7.5%

 

Consumer Staples

12.4%

Germany

7.2%

 

Health Care

12.3%

China

7.1%

 

Materials

11.9%

Canada

7.1%

 

Consumer Discretionary

7.2%

Denmark

3.3%

 

Financials

4.5%

Ireland

3.0%

 

Telecommunication Services

3.3%

Switzerland

2.6%

Cash

3.8%

Hong Kong

2.3%

Unassigned

1.0%

Korea

2.3%

Russia

2.3%

South Africa

2.0%

Netherlands

2.0%

Spain

2.0%

Italy

1.5%

British Virgin Islands

1.5%

France

1.1%

Belgium

1.1%

Cyprus

0.9%

Mexico

0.8%

United States

0.8%

Cash

3.8%

 

 

 

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 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.