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Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Driehaus Global Fund

DMAGX | Fund

$14.59

$52.5 M

1.32%

$0.19

1.12%

Vitals

YTD Return

9.4%

1 yr return

23.3%

3 Yr Avg Return

0.6%

5 Yr Avg Return

8.1%

Net Assets

$52.5 M

Holdings in Top 10

28.3%

52 WEEK LOW AND HIGH

$14.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 101.00%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$10,000

IRA

$2,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Driehaus Global Fund

DMAGX | Fund

$14.59

$52.5 M

1.32%

$0.19

1.12%

DMAGX - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 8.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Driehaus Global Fund
  • Fund Family Name
    Driehaus
  • Inception Date
    Apr 10, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chad Cleaver

Fund Description

The Fund opportunistically invests in equity securities, including common stocks and sponsored or unsponsored American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) or Global Depositary Receipts (“GDRs”) of issuers located throughout the world, including the United States (U.S.), and in both developed and emerging markets.

The Fund is not constrained based on the country, region, or market capitalization and its assets may at times be concentrated in a particular country, segment of the economy, region or issuer. The composition and asset allocation of the Fund’s investment portfolio will vary over time. The Fund may invest in issuers across all market capitalizations as well as in issuers with limited or no operating histories. Notwithstanding the above, under normal circumstances, the Fund will have exposure to issuers organized, domiciled, or headquartered in at least three different countries (other than its exposure to U.S. issuers).

Investment decisions for the Fund involve a fundamental analysis of individual securities in order to identify companies with more attractive earnings growth on a prospective basis. The Fund’s sector and geographic diversification will also vary based on the investment adviser’s evaluation of current economic, political and market factors.

In managing the Fund, the investment adviser uses an investment approach that integrates top-down (focusing on the economy and market trends) analysis of the overall economy and bottom-up (focusing on individual stocks) analysis of individual securities. From a top-down perspective, the investment adviser looks at the relative value of securities to identify assets to include in the Fund’s portfolio. Bottom-up analysis involves evaluating fundamental factors, including the company’s business model, the competitive landscape, upcoming product introductions and recent and projected financial metrics in order to identify companies with more attractive earnings growth on a prospective basis. The investment adviser’s decision to buy or sell a security is also based on the evaluation of technical or market factors, including price and volume trends, relative strength and institutional interest.

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DMAGX - Performance

Return Ranking - Trailing

Period DMAGX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -11.9% 9.8% 0.14%
1 Yr 23.3% -13.6% 30.1% 0.81%
3 Yr 0.6%* -24.9% 7.2% 7.91%
5 Yr 8.1%* -8.7% 10.6% 3.00%
10 Yr N/A* -3.1% 6.1% N/A

* Annualized

Return Ranking - Calendar

Period DMAGX Return Category Return Low Category Return High Rank in Category (%)
2023 17.7% -6.5% 35.5% 10.16%
2022 -20.5% -50.1% -2.4% 20.67%
2021 -6.1% -33.1% 22.5% 55.16%
2020 27.1% -22.1% 80.1% 19.44%
2019 20.2% -0.7% 42.0% 41.31%

Total Return Ranking - Trailing

Period DMAGX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -11.9% 9.8% 0.14%
1 Yr 23.3% -13.6% 30.1% 0.81%
3 Yr 0.6%* -24.9% 7.2% 7.91%
5 Yr 8.1%* -8.7% 10.6% 3.00%
10 Yr N/A* -3.1% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period DMAGX Return Category Return Low Category Return High Rank in Category (%)
2023 19.5% -2.7% 42.0% 11.92%
2022 -18.9% -42.2% 1.9% 22.21%
2021 -1.8% -32.5% 33.1% 52.80%
2020 30.2% -20.0% 81.6% 18.36%
2019 21.6% 2.3% 42.0% 46.25%

NAV & Total Return History

DMAGX - Holdings

Concentration Analysis

DMAGX Category Low Category High DMAGX % Rank
Net Assets 52.5 M 682 K 103 B 83.80%
Number of Holdings 91 10 7049 53.95%
Net Assets in Top 10 14.9 M 118 K 19.2 B 84.61%
Weighting of Top 10 28.30% 0.7% 122.2% 67.96%

Top 10 Holdings

  1. Northern Inst Fds GOVT SELECT PT 5.40%
  2. Microsoft Corporation COM USD0.00000625 4.83%
  3. Meta Platforms Inc COM USD0.000006 CL 'A' 2.99%
  4. NVIDIA Corp. COM USD0.001 2.49%
  5. Apple Inc. COM USD0.00001 2.22%
  6. JPMorgan Chase Co. COM USD1.00 2.21%
  7. Amazon.com, Inc. COM USD0.01 2.20%
  8. Rolls-Royce Holdings PLC ORD GBP0.20 2.01%
  9. Exxon Mobil Corporation COM NPV 1.98%
  10. Alphabet Inc. CAP STK USD0.001 CL A 1.97%

Asset Allocation

Weighting Return Low Return High DMAGX % Rank
Stocks 		94.54% 0.00% 103.65% 77.78%
Cash 		5.46% -2.03% 99.29% 9.91%
Preferred Stocks 		0.00% 0.00% 10.09% 66.67%
Other 		0.00% -1.64% 50.31% 47.39%
Convertible Bonds 		0.00% 0.00% 7.40% 27.22%
Bonds 		0.00% 0.00% 94.30% 36.55%

Stock Sector Breakdown

Weighting Return Low Return High DMAGX % Rank
Technology 		23.90% 0.00% 47.50% 41.06%
Financial Services 		22.25% 0.00% 48.86% 48.64%
Consumer Cyclical 		11.03% 0.00% 48.94% 65.99%
Basic Materials 		10.59% 0.00% 30.03% 25.34%
Communication Services 		10.06% 0.00% 39.29% 35.64%
Energy 		8.46% 0.00% 24.80% 10.16%
Industrials 		5.79% 0.00% 43.53% 54.07%
Healthcare 		2.78% 0.00% 16.53% 69.38%
Consumer Defense 		2.19% 0.00% 25.90% 93.77%
Utilities 		1.50% 0.00% 39.12% 45.26%
Real Estate 		1.45% 0.00% 17.15% 57.18%

Stock Geographic Breakdown

Weighting Return Low Return High DMAGX % Rank
US 		62.22% 0.00% 101.58% 0.94%
Non US 		32.32% 0.00% 100.18% 98.39%

DMAGX - Expenses

Operational Fees

DMAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.03% 24.48% 67.34%
Management Fee 0.65% 0.00% 2.00% 16.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

DMAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DMAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 31.67%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DMAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 101.00% 0.00% 189.00% 87.52%

DMAGX - Distributions

Dividend Yield Analysis

DMAGX Category Low Category High DMAGX % Rank
Dividend Yield 1.32% 0.00% 10.29% 67.47%

Dividend Distribution Analysis

DMAGX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

DMAGX Category Low Category High DMAGX % Rank
Net Income Ratio 0.92% -1.98% 17.62% 43.19%

Capital Gain Distribution Analysis

DMAGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DMAGX - Fund Manager Analysis

Managers

Chad Cleaver

Start Date

Tenure

Tenure Rank

Apr 07, 2017

5.15

5.2%

Chad Cleaver, CFA, is the Portfolio Manager for the Emerging Markets Small Cap Growth and Frontier Markets strategies and a portfolio manager for the Emerging Markets strategy. In his role, he has responsibility for the strategy's portfolio construction, risk management and buy/ sell decisions. In his role as portfolio manager, he is responsible for idea generation, portfolio construction, security selection and investment research. He began his career with the Board of Governors of the Federal Reserve System. He joined Driehaus in 2004 as an investment analyst prior to assuming assistant portfolio management responsibilities on May 1, 2008. Mr. Cleaver received his A.B. in Economics in 2000 from Wabash College. He earned his M.B.A. degree in 2004 from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. Mr. Cleaver is a CFA charterholder.

Richard Thies

Start Date

Tenure

Tenure Rank

Apr 07, 2017

5.15

5.2%

Richard Thies began his career at the International Finance Corporation of the World Bank Group as a consultant for the gender entrepreneurship markets group in 2005. In 2008, Mr Thies worked for Opportunity International as a proposal writer. He then worked as an associate international economist for The Northern Trust in 2009. He joined Driehaus Capital Management as a macro analyst in 2011. He received his Bachelor of Arts in international studies from Emory University in 2005 and his Master of Arts degree focused on international political economy from the University of Chicago in 2007.

Howard Schwab

Start Date

Tenure

Tenure Rank

Apr 07, 2017

5.15

5.2%

Howard Schwab is the lead portfolio manager for the Emerging Markets Growth strategy. In his role as lead portfolio manager, he is responsible for the strategy’s portfolio construction. Mr Schwab joined Driehaus Capital Management in 2001. He received his B.A. in Economics from Denison University in 2001.

Jonathon Mershimer

Start Date

Tenure

Tenure Rank

Apr 30, 2020

2.08

2.1%

Jonathon Mershimer, CFA, began his career in fixed income markets at Société Générale as an assistant trader in the special situations group. He then worked as a credit trader for Susquehanna International Group. Prior to joining Driehaus Capital Management in 2020, he worked as a portfolio manager for Dimensional Fund Advisors. Mr Mershimer received a B.A. in Economics from Bucknell University in 2008 and completed his M.B.A. with a concentration in econometrics/statistics and analytic finance from the University of Chicago Booth School of Business in 2017.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.54 13.42

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