The investment seeks to provide positive returns over full-market cycles. The fund is actively managed by using techniques intended to provide positive returns over full-market cycles. In making investment decisions the fund's investment adviser, will employ event-driven strategies designed to exploit disparities or inefficiencies in U.S. and foreign (non-U.S.) equity and debt markets.

Nasdaq

DEVDX

Under normal market conditions, the fund invests substantially all (no less than 80%) of its net assets (plus the amount of borrowings for investment purposes) in emerging markets securities. Issuers of emerging markets securities may include: (i) issuers organized under the laws of an emerging market country or having securities which are traded principally on an exchange or over-the-counter in an emerging market country; or (ii) issuers which, regardless of where organized or where securities traded, have significant economic exposure in or with emerging market countries.

DMAGX

The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of issuers. Under normal market conditions, it invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in the equity securities of U.S. micro-capitalization ("micro-cap") companies. For purposes of the fund, the investment adviser considers a company to be a micro-cap company if it is within the same market capitalization range at the time of investment as those included in the Russell Microcap Growth Index.

DMCRX

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 substantially all (no less than 80%) of its net assets (plus the amount of borrowings for investment purposes) in emerging markets companies. There are no specific limitations on the percentage of assets that may be invested in securities of issuers located in any one country at a given time; the fund may invest significant assets in any single emerging market country.

DREGX

The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of issuers. Under normal market conditions, it invests substantially all (no less than 80%) of its net assets (plus the amount of borrowings for investment purposes) in small capitalization emerging markets companies.

DRESX

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.

DRIOX

The mutual fund primarily focuses on investing in U.S. small-cap and mid-cap companies, with a possibility of allocating a portion to non-U.S. companies or those above the capitalization range of the Russell 2500® Growth Index.

DSMDX

The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of issuers. Under normal market conditions, it invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in the equity securities of U.S. small-capitalization ("small cap") companies. The fund may invest in companies with limited or no operating histories.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
DEVDX	Driehaus Event Driven Fund	Event Driven	Aug 22, 2013	1.66%	0.65%	4.70%	4.45%
DMAGX	Driehaus Emerging Markets Opportunities Fund	Emerging Markets Diversified	Apr 6, 2017	0.99%	15.22%	—	1.26%
DMCRX	Driehaus Micro Cap Growth Fund	Small Cap Growth Equities	Nov 18, 2013	1.38%	16.58%	16.96%	0.75%
DREGX	Driehaus Emerging Markets Growth Fund	Emerging Markets Diversified	Dec 30, 1997	1.34%	12.02%	4.76%	1.62%
DRESX	Driehaus Emerging Markets Small Cap Growth Fund	Emerging Markets Diversified	Aug 21, 2011	1.24%	12.31%	5.12%	0.97%
DRIOX	Driehaus International Small Cap Growth Fund	Foreign Small & Mid Cap Equities	Sep 16, 2007	1.16%	9.15%	7.81%	1.06%
DSMDX	Driehaus Small/Mid Cap Growth Fund	Mid Cap Growth Equities	Apr 30, 2020	0.95%	19.63%	—	0.00%
DVSMX	Driehaus Small Cap Growth Fund	Small Cap Growth Equities	Aug 21, 2017	0.99%	19.76%	—	0.32%

Driehaus Mutual Funds List

Risk vs. Return Scatterplot