Fund Research for Driehaus International Discovery (DRIDX)

  • Fund Overview

    Fund Inception Date: Jan 04, 1999
    Category: Foreign Small/Mid Growth
    Overall Risk: High
    Fund Family: Driehaus
    Return Since Inception: 16.31%
    YTD Return: 40.90%
    Yield (TTM): 0.00%
    Net Assets: 340.75 M
    Morningstar Rating:
    3 of 5

    The investment seeks to maximize capital appreciation. The fund generally invests a substantial portion of assets in the equity securities of small to mid-size foreign companies. It normally invests substantially all (no less than 65%) of assets in at least three different countries other than the United States. The fund may invest a substantial portion of assets in emerging markets from time to time and may invest in companies with limited operating histories. It is nondiversified.

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    Size
    Average Market Cap $6,649 M
    Market Capitalization Portfolio
    Giant 14.81%
    Large 39.36%
    Medium 39.30%
    Small 6.53%
    Micro 0.00%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/04/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 01/31/1999 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 40.90% 30.41% -3.26% 8.95% 11.15% 16.31%
    +/- Category -2.84% -5.15% 1.25% 1.72% 6.48% —
    +/- MSCI EAFE NR USD — — — — 2.04% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 36.47% 35.73% -4.27% 8.71% 11.15% 16.31%
    Quarter (as of 09/30/2009) 40.68% -0.11% -1.85% 9.69% 12.31% 16.78%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 01/04/1999
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 16.62%
    Service 31.91%
    Manufacturing 49.50%

    Asset Allocation

    Short Long Net Assets
    Cash — 0.00% 0.00%
    Stocks — 100.00% 100.00%
    Bonds — 0.00% 0.00%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 98.87% 98.87%
    Data as of 08/31/2009 Data as of 08/31/2009 View Fund Portfolio

    Top 10 Holdings

    Sector Country Net Assets
    - OGX Petroleo E Gas Participacoes S.A. (OGXP3) Energy BRA 2.06%
    = Nippon Electric Glass (5214) Consumer Goods JPN 1.74%
    = China Resources Land Ltd. (1109) Financial Services CHN 1.71%
    = HOCHTIEF AG (HOT) Industrial Materials DEU 1.63%
    = NGK Insulators, Ltd. (5333) Industrial Materials JPN 1.60%
    - PETROLEO BRASILEIRO SA PETRO (PBR) Energy BRA 1.58%
    = WIMM BILL DANN FOODS OJSC (WBD) Consumer Goods RUS 1.58%
    + WorleyParsons Limited (WOR) Energy AUS 1.56%
    - China Coal Energy Co. Ltd. (1898) Energy CHN 1.55%
    + POTASH CORP SASK INC (POT) Industrial Materials CAN 1.54%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    Data as of 08/31/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 04/30/2009
    Expense Ratio (based on net assets) 1.64%
    Taken from annual report dated 12/31/2008

  • Fund Management

    Daniel M. Rea
    Start Date: 08/01/2007
    Rea originally worked for the Adviser as a domestic research analyst beginning in 1997, following a position in corporate finance at GE Capital Corporation. He was named portfolio manager of the Driehaus in November 1998. In March 2000, Rea joined BlackRock, Inc., where he was a senior equity analyst and portfolio manager. In February 2005, he joined Franklin Templeton Investments as a senior equity analyst and sector leader on Global Large Cap Growth team until he rejoined the Adviser in April 2006.
    David Mouser
    Start Date: 05/01/2009
    Mouser joined the Adviser in 1999. Prior to assuming assistant portfolio management responsibilities, Mouser was an investment analyst with the Adviser.