Funds

Driehaus Small/Mid Cap Growth Fund

The Driehaus Small/Mid Cap Growth Fund seeks to maximize capital appreciation.

Month-End Performance as of Jun 30, 2020

DSMDX
Has Footnotes

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DSMDX

Inception Date: 5/1/2020

The YTD and QTR performance is since the inception of the fund (5/1/2020).

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

MTH
4.82%
YTD
21.80%
1 Year
n/a
3 Year
n/a
5 Year
n/a
10 Year
n/a
Since Inception
21.80%

Russell 2500 Growth Index
Has Footnotes

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Russell 2500 Growth Index

Inception Date: 5/1/2020

The YTD and QTR performance is since the inception of the fund (5/1/2020).

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

MTH
3.68%
YTD
14.51%
1 Year
n/a
3 Year
n/a
5 Year
n/a
10 Year
n/a
Since Inception
14.51%
Has FootnotesFund/BenchmarkMTHYTD1 Year3 Year5 Year10 YearSince Inception
DSMDX4.82%21.80%n/an/an/an/a21.80%

Inception Date: 5/1/2020

The YTD and QTR performance is since the inception of the fund (5/1/2020).

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

Russell 2500 Growth Index*3.68%14.51%n/an/an/an/a14.51%

Inception Date: 5/1/2020

The YTD and QTR performance is since the inception of the fund (5/1/2020).

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

Calendar Quarter-End Performance as of Jun 30, 2020

DSMDX
Has Footnotes

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Driehaus Small/Mid Cap Growth Fund

Inception Date: 5/1/2020

The YTD and QTR performance is since the inception of the fund (5/1/2020).

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

QTR
21.80%
YTD
21.80%
1 Year
n/a
3 Year
n/a
5 Year
n/a
10 Year
n/a
Since Inception
21.80%

Russell 2500 Growth Index
Has Footnotes

Back

Russell 2500 Growth Index

Inception Date: 5/1/2020

The YTD and QTR performance is since the inception of the fund (5/1/2020).

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

QTR
14.51%
YTD
14.51%
1 Year
n/a
3 Year
n/a
5 Year
n/a
10 Year
n/a
Since Inception
14.51%
Has FootnotesFund/BenchmarkQTRYTD1 Year3 Year5 Year10 YearSince Inception
DSMDX21.80%21.80%n/an/an/an/a21.80%

Inception Date: 5/1/2020

The YTD and QTR performance is since the inception of the fund (5/1/2020).

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

Russell 2500 Growth Index*14.51%14.51%n/an/an/an/a14.51%

Inception Date: 5/1/2020

The YTD and QTR performance is since the inception of the fund (5/1/2020).

Sources: Driehaus Capital Management LLC, Russell Investments, 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. The Fund will charge a redemption fee of 2.00% on shares held less than 60 days. 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 (800) 560-6111 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 (800) 560-6111. Please read the prospectus and summary prospectus carefully before investing.

Foreside Financial Services, LLC, Distributor

Represents the Annual Fund Operating Expenses as disclosed in the current prospectus dated April 30, 2020. 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. Driehaus Capital Management LLC, the Fund’s investment adviser (the “Adviser”), has entered into a contractual agreement to cap the Fund’s current ordinary annual operating expenses (excluding interest, taxes, brokerage commissions, other investment-related expenses, acquired fund fees and expenses,and extraordinary expenses, such as litigation and other expenses not incurred in the ordinary course of the Fund’s business), resulting in the current net expense ratios of 0.95% until the earlier of the termination of the investment advisory agreement, by the Board of Trustees or the Fund’s shareholders, or May 1, 2023. Pursuant to the agreement, and so long as the investment advisory agreement is in place, for a period of three years subsequent to the Fund’s commencement of operations on May 1, 2020, the Adviser is entitled to reimbursement for previously waived fees and reimbursed expenses to the extent that the Fund’s expense ratio remains below the operating expense cap that was in place at the time of the waiver / expense reimbursement as well as the current operating expense cap.

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

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Daily Nav
$13.63
As of Aug 05, 2020
Ticker
DSMDX

Facts

Inception Date
May 1, 2020
Fund Assets as of 06/30/20
$3M
Minimum Initial Investment
$10,000
Minimum Subsequent Investment
$2,000
Minimum IRA Investment
$2,000
Minimum Subsequent Investment
$500
Dividends & Distributions
Annually
Gross Expense Ratio
3.86%
Net Expense Ratio
0.95%
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Top 5 Holdings As of 06/30/20

Holdings Subject to Change
RingCentral, Inc. Class A
2.30%
BRP, Inc.
2.21%
FMC Corporation
1.87%
Tandem Diabetes Care, Inc.
1.87%
DocuSign, Inc.
1.86%