Driehaus Micro Cap Growth Fund (DMCRX)
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.
Fund Info
| ISIN | US2620287985 |
|---|---|
| CUSIP | 262028798 |
| Issuer | Driehaus |
| Inception Date | Nov 18, 2013 |
| Category | Small Cap Growth Equities |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Growth |
Expense Ratio
DMCRX has a high expense ratio of 1.38%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: DMCRX vs. OBMCX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Driehaus Micro Cap Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Driehaus Micro Cap Growth Fund had a return of 6.67% year-to-date (YTD) and 16.01% in the last 12 months. Over the past 10 years, Driehaus Micro Cap Growth Fund had an annualized return of 15.13%, outperforming the S&P 500 benchmark which had an annualized return of 10.37%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.67% | 5.57% |
| 1 month | -6.48% | -4.16% |
| 6 months | 27.39% | 20.07% |
| 1 year | 16.01% | 20.82% |
| 5 years (annualized) | 14.77% | 11.56% |
| 10 years (annualized) | 15.13% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.72% | 8.68% | 4.20% | |||||||||
| 2023 | -9.11% | 8.53% | 10.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DMCRX is 32, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Driehaus Micro Cap Growth Fund(DMCRX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Driehaus Micro Cap Growth Fund (DMCRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Driehaus Micro Cap Growth Fund granted a 0.82% dividend yield in the last twelve months. The annual payout for that period amounted to $0.10 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.82 | $7.88 | $3.96 | $1.90 | $3.69 | $1.29 | $0.00 | $0.45 | $0.37 |
Dividend yield | 0.82% | 0.87% | 8.20% | 48.23% | 19.79% | 14.70% | 33.22% | 8.91% | 0.00% | 4.20% | 3.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Driehaus Micro Cap Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.88 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.96 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.90 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.69 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 |
| 2014 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Driehaus Micro Cap Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Driehaus Micro Cap Growth Fund was 46.68%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current Driehaus Micro Cap Growth Fund drawdown is 29.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.68% | Nov 17, 2021 | 146 | Jun 16, 2022 | — | — | — |
| -44.37% | Feb 21, 2020 | 19 | Mar 18, 2020 | 55 | Jun 5, 2020 | 74 |
| -37.61% | Jul 17, 2015 | 143 | Feb 9, 2016 | 330 | Jun 1, 2017 | 473 |
| -33.74% | Sep 11, 2018 | 73 | Dec 24, 2018 | 265 | Jan 14, 2020 | 338 |
| -24.96% | Mar 19, 2014 | 145 | Oct 13, 2014 | 105 | Mar 16, 2015 | 250 |
Volatility
Volatility Chart
The current Driehaus Micro Cap Growth Fund volatility is 6.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.