Funds

Driehaus Active Income Fund

The Fund seeks to provide current income and capital appreciation. Its objective is to generate absolute return with low volatility and limited correlation to the Barclays U.S. Aggregate Index.


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Month-End Performance as of Jun 30, 2019

LCMAX
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LCMAX

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

MTH
0.74%
YTD
3.29%
1 Year
0.98%
3 Year
2.39%
5 Year
1.07%
10 Year
2.55%
Since Inception
3.26%

FTSE 3-Month T-Bill Index
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FTSE 3-Month T-Bill Index

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

MTH
0.20%
YTD
1.21%
1 Year
2.30%
3 Year
1.36%
5 Year
0.84%
10 Year
0.46%
Since Inception
1.21%

Bloomberg Barclays Aggregate Index
Has Footnotes

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Bloomberg Barclays Aggregate Index

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

MTH
1.26%
YTD
6.11%
1 Year
7.87%
3 Year
2.31%
5 Year
2.95%
10 Year
3.90%
Since Inception
4.34%
Has FootnotesFund/BenchmarkMTHYTD1 Year3 Year5 Year10 YearSince Inception
LCMAX0.74%3.29%0.98%2.39%1.07%2.55%3.26%

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

FTSE 3-Month T-Bill Index*0.20%1.21%2.30%1.36%0.84%0.46%1.21%

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

Bloomberg Barclays Aggregate Index*1.26%6.11%7.87%2.31%2.95%3.90%4.34%

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

Calendar Quarter-End Performance as of Jun 30, 2019

LCMAX
Has Footnotes

Back

Driehaus Active Income Fund

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

QTR
0.96%
YTD
3.29%
1 Year
0.98%
3 Year
2.39%
5 Year
1.07%
10 Year
2.55%
Since Inception
3.26%

FTSE 3-Month T-Bill Index
Has Footnotes

Back

FTSE 3-Month T-Bill Index

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

QTR
0.61%
YTD
1.21%
1 Year
2.30%
3 Year
1.36%
5 Year
0.84%
10 Year
0.46%
Since Inception
1.21%

Bloomberg Barclays Aggregate Index
Has Footnotes

Back

Bloomberg Barclays Aggregate Index

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

QTR
3.08%
YTD
6.11%
1 Year
7.87%
3 Year
2.31%
5 Year
2.95%
10 Year
3.90%
Since Inception
4.34%
Has FootnotesFund/BenchmarkQTRYTD1 Year3 Year5 Year10 YearSince Inception
LCMAX0.96%3.29%0.98%2.39%1.07%2.55%3.26%

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

FTSE 3-Month T-Bill Index*0.61%1.21%2.30%1.36%0.84%0.46%1.21%

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

Bloomberg Barclays Aggregate Index*3.08%6.11%7.87%2.31%2.95%3.90%4.34%

Inception Date: 11/8/2005

The Driehaus Active Income Fund commenced operations on June 1, 2009 following the receipt of the assets and liabilities of the Lotsoff Capital Management Active Income Fund (the “Predecessor Fund”) through a reorganization into the Driehaus Active Income Fund. Lotsoff Capital Management was the investment adviser from inception (11/8/05) through April 2, 2009. Driehaus Capital Management LLC became the interim investment adviser to the Predecessor Fund on April 3, 2009.

The 3 year, 5 year, 10 year and Since Inception returns represent average annual total returns.

Sources: Driehaus Capital Management LLC, Barclays, SS&C Inc.

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Disclosures

The performance data shown represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Principal value and investment returns will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Performance data represents the rate that an investor would have earned (or lost) on an investment in the Fund (assuming reinvestment of all dividends and distributions). Average annual total return reflects annualized change. Since Fund performance is subject to change after the month-end, please call (877) 779-0079 or view our daily NAVs for more current performance information.

Please consider the investment objectives, risks, fees and expenses of the Fund carefully prior to investing. The prospectus and summary prospectus contain this and other important information about the Fund. To obtain a copy of the prospectus/summary prospectus, please call (877) 779-0079. Please read the prospectus and summary prospectus carefully before investing.

Driehaus Securities LLC, Distributor

Represents the Annual Fund Operating Expenses as disclosed in the current prospectus dated April 30, 2019. It is important to understand that a decline in the Fund’s average net assets due to unprecedented market volatility or other factors could cause the Fund’s expense ratio for the current fiscal year to be higher than the expense information presented. A shareholder may be required to pay a commission to their financial intermediary.

* To view the Index definitions, see the Index Definitions.

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Daily Nav
$9.30
As of Jul 18, 2019
Ticker
LCMAX

Facts

Inception Date
Nov 8, 2005
Fund Assets as of 06/30/19
$487M
Minimum Initial Investment
$25,000
Minimum Subsequent Investment
$5,000
Minimum IRA Investment
$2,000
Minimum Subsequent Investment
$500
Dividends & Distributions
Quarterly
Gross Expense Ratio
1.10%
Net Expense Ratio
1.10%

Featured Commentary

Jul 17, 2019 | PDF

Driehaus Active Income June 2019 Commentary and Attribution

Jun 19, 2019 | PDF

Driehaus Active Income May 2019 Commentary and Attribution

May 09, 2019 | PDF

Driehaus Active Income April 2019 Commentary and Attribution

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