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Trending ETFs

Name

As of 05/24/2024

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

$9.50

$228 M

1.07%

$0.10

1.17%

Vitals

YTD Return

8.7%

1 yr return

19.4%

3 Yr Avg Return

-2.7%

5 Yr Avg Return

9.3%

Net Assets

$228 M

Holdings in Top 10

18.2%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 93.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$10,000

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

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

$9.50

$228 M

1.07%

$0.10

1.17%

DRIOX - Profile

Distributions

  • YTD Total Return 8.7%
  • 3 Yr Annualized Total Return -2.7%
  • 5 Yr Annualized Total Return 9.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.32%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Driehaus International Small Cap Growth Fund
  • Fund Family Name
    Driehaus
  • Inception Date
    Sep 18, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Mouser

Fund Description

The Fund uses a growth style of investment in equity securities, including common stocks and other equity securities of issuers, and under normal market conditions, invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in the equity securities of non-U.S. small capitalization companies. The investment adviser considers non-U.S. small capitalization companies to be companies located in the same countries and within the same market capitalization range at the time of investment as those included in the MSCI All Country World ex USA Small Cap Growth Index. For the avoidance of doubt, while the reference index is “float-adjusted,” meaning it excludes closely held and other shares unavailable to investors, the investment adviser does not consider a float-adjustment when determining the market capitalization of a company. As of March 31, 2024, approximately 95% of the MSCI All Country World ex USA Small Cap Growth Index consisted of companies with a market capitalization of less than $6.5 billion. The Fund seeks to be opportunistic in pursuing companies that meet its criteria regardless of geographic location and, therefore, at certain times, the Fund could have sizeable positions in either developed countries or emerging markets. In addition, while the Fund will invest primarily in the equity securities of non-U.S. companies, the Fund may also from time to time invest up to a maximum of 20% of its assets in the equity securities of U.S. companies. The Fund may invest in companies with limited or no operating histories. The Fund may frequently and actively trade its portfolio securities.

The Fund generally defines an “emerging market” as including, but not limited to, any of the countries or markets represented in the MSCI Emerging Markets Index, or any other country or market with similar emerging characteristics. The amount of the Fund’s assets invested in emerging markets will vary over time and could be substantial. The Fund is not limited to a specific percentage of assets that may be invested in a single emerging market country, although at all times the Fund must be invested in at least three countries (not limited to emerging markets countries).

Investment decisions for the Fund’s growth style of investing, for those companies with operating histories, are based on the determination that a company’s revenue and earnings growth can materially exceed market expectations and that the security is at an attractive entry point. These decisions involve evaluating fundamental factors, including the company’s business model, the competitive landscape, upcoming product introductions and recent and projected financial metrics. The decision is also informed by the evaluation of technical or market factors, including price and volume trends, relative strength and institutional interest. To a lesser extent, the Fund’s investment adviser also utilizes macroeconomic or country-specific analyses to evaluate the sustainability of a company’s growth rate. The Fund sells holdings for a variety of reasons, including the deterioration of the earnings profile, the violation of specific technical thresholds, to shift into securities with more compelling risk/reward characteristics or to alter sector or country exposure.

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DRIOX - Performance

Return Ranking - Trailing

Period DRIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -5.7% 15.3% 12.61%
1 Yr 19.4% -4.2% 32.0% 9.24%
3 Yr -2.7%* -26.2% -0.3% 15.45%
5 Yr 9.3%* -6.6% 9.3% 1.85%
10 Yr 7.5%* 1.0% 7.5% 1.32%

* Annualized

Return Ranking - Calendar

Period DRIOX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -16.8% 28.8% 49.58%
2022 -28.6% -46.4% -21.4% 35.65%
2021 -12.2% -30.6% 16.4% 91.74%
2020 19.7% 0.3% 62.2% 44.04%
2019 29.4% 9.7% 44.0% 12.26%

Total Return Ranking - Trailing

Period DRIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -5.7% 15.3% 12.61%
1 Yr 19.4% -4.2% 32.0% 9.24%
3 Yr -2.7%* -26.2% -0.3% 15.45%
5 Yr 9.3%* -6.6% 9.3% 1.85%
10 Yr 7.5%* 1.0% 7.5% 1.32%

* Annualized

Total Return Ranking - Calendar

Period DRIOX Return Category Return Low Category Return High Rank in Category (%)
2023 12.0% -16.5% 30.7% 53.78%
2022 -24.4% -46.4% -18.5% 16.52%
2021 12.5% -30.6% 24.7% 43.12%
2020 29.7% 1.6% 68.3% 33.03%
2019 30.4% 9.7% 44.0% 16.04%

NAV & Total Return History


DRIOX - Holdings

Concentration Analysis

DRIOX Category Low Category High DRIOX % Rank
Net Assets 228 M 25.2 K 6.45 B 63.87%
Number of Holdings 115 39 1618 32.77%
Net Assets in Top 10 39.3 M 780 K 1.07 B 70.59%
Weighting of Top 10 18.17% 5.3% 53.0% 68.07%

Top 10 Holdings

  1. Northern Inst Fds GOVT SELECT PT 2.47%
  2. FUGRO NV 2.04%
  3. GLANBIA PLC 1.98%
  4. CONVATEC GRP. PLC 1.93%
  5. LEONARDO SPA 1.87%
  6. AIXTRON SE 1.81%
  7. DO AG 1.64%
  8. CELESTICA INC 1.63%
  9. INDRA SISTEMAS SA 1.42%
  10. Seadrill Ltd. COM USD0.01 1.39%

Asset Allocation

Weighting Return Low Return High DRIOX % Rank
Stocks
96.29% 91.39% 101.71% 75.63%
Cash
2.57% 0.00% 6.56% 39.50%
Preferred Stocks
1.14% 0.00% 8.16% 21.01%
Other
0.00% -0.01% 5.11% 26.89%
Convertible Bonds
0.00% 0.00% 0.00% 0.84%
Bonds
0.00% 0.00% 2.66% 4.20%

Stock Sector Breakdown

Weighting Return Low Return High DRIOX % Rank
Industrials
21.08% 0.00% 40.13% 62.18%
Consumer Cyclical
16.42% 1.31% 28.28% 4.20%
Technology
13.15% 6.70% 37.76% 66.39%
Healthcare
10.43% 1.74% 29.97% 61.34%
Energy
9.29% 0.00% 9.29% 0.84%
Basic Materials
8.38% 0.00% 18.70% 26.89%
Consumer Defense
7.91% 1.61% 17.90% 24.37%
Financial Services
7.53% 1.92% 22.28% 63.87%
Communication Services
3.67% 1.49% 23.23% 75.63%
Real Estate
1.82% 0.00% 13.00% 63.87%
Utilities
0.32% 0.00% 5.12% 44.54%

Stock Geographic Breakdown

Weighting Return Low Return High DRIOX % Rank
Non US
91.49% 62.81% 100.03% 58.82%
US
4.80% 0.00% 32.46% 48.74%

DRIOX - Expenses

Operational Fees

DRIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.01% 41.09% 68.91%
Management Fee 1.00% 0.00% 1.75% 61.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.26% 33.33%

Sales Fees

DRIOX 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% 4.00% N/A

Trading Fees

DRIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 5.26%

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.

DRIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.00% 8.00% 236.00% 85.42%

DRIOX - Distributions

Dividend Yield Analysis

DRIOX Category Low Category High DRIOX % Rank
Dividend Yield 1.07% 0.00% 5.44% 45.38%

Dividend Distribution Analysis

DRIOX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

DRIOX Category Low Category High DRIOX % Rank
Net Income Ratio 0.32% -1.81% 1.51% 33.33%

Capital Gain Distribution Analysis

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

Distributions History

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DRIOX - Fund Manager Analysis

Managers

David Mouser


Start Date

Tenure

Tenure Rank

Sep 17, 2007

14.71

14.7%

David Mouser has 16 years of investment experience. Mr Mouser joined Driehaus Capital Management in 1999 as a global research associate and domestic research assistant. He received his B.S. in Finance from the University of Dayton in 1999.

Ryan Carpenter


Start Date

Tenure

Tenure Rank

May 01, 2010

12.09

12.1%

Ryan Carpenter is the portfolio manager for the International Realty strategy. In his role as portfolio manager, he is responsible for the strategy’s portfolio construction and buy/sell decisions. He is also involved in daily tracking of the portfolio performance as well as macro-level trends and the market environment. Mr Carpenter began his career at Driehaus Capital Management as a research intern in 2005. He received his B.A. in Finance from the University of Illinois at Chicago in 2007.

Daniel Burr


Start Date

Tenure

Tenure Rank

May 01, 2014

8.09

8.1%

Daniel Burr joined Driehaus in 2013 as a portfolio manager. He received his B.S. in Applied Economics and Business Management from Cornell University in 2000. He also completed his MBA in 2006 with concentrations in Finance and Accounting from the University of Chicago Booth School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 28.52 5.76 0.17