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
US2620287985
262028798
Nov 18, 2013
$10,000
Small-Cap
Growth
Expense Ratio
DMCRX has a high expense ratio of 1.38%, indicating above-average management fees.
Share Price Chart
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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 (DMCRX) returned -14.47% year-to-date (YTD) and -2.54% over the past 12 months. Over the past 10 years, DMCRX delivered an annualized return of 13.52%, outperforming the S&P 500 benchmark at 10.31%.
DMCRX
-14.47%
16.49%
-16.74%
-2.54%
14.52%
13.52%
^GSPC (Benchmark)
-4.26%
11.24%
-5.02%
8.55%
14.02%
10.31%
Monthly Returns
The table below presents the monthly returns of DMCRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -1.50% | -7.85% | -9.94% | 1.75% | 2.84% | -14.47% | |||||||
| 2024 | 0.72% | 8.68% | 4.20% | -6.48% | 9.12% | -1.86% | 3.94% | 1.21% | 2.92% | 0.36% | 14.59% | -8.20% | 30.58% |
| 2023 | 7.26% | -1.11% | -4.03% | -0.39% | 2.06% | 7.50% | 3.49% | -4.41% | -6.69% | -9.11% | 8.53% | 10.05% | 11.47% |
| 2022 | -20.51% | -0.08% | -0.46% | -12.16% | -4.23% | -8.19% | 11.63% | 4.49% | -7.05% | 9.62% | -2.87% | -5.70% | -33.54% |
| 2021 | 9.20% | 8.06% | -4.54% | 2.31% | -0.22% | 5.13% | -4.76% | 4.21% | -2.92% | 7.94% | -1.87% | -0.96% | 22.23% |
| 2020 | -0.54% | -2.95% | -21.36% | 17.91% | 17.60% | 11.67% | 5.58% | 7.09% | 0.06% | 1.63% | 21.83% | 13.24% | 86.43% |
| 2019 | 10.53% | 8.55% | 0.00% | 1.43% | -2.37% | 7.88% | 0.14% | -2.95% | -7.88% | 4.86% | 6.28% | 4.79% | 34.03% |
| 2018 | 3.25% | -0.13% | 1.88% | 0.53% | 13.44% | 2.02% | -0.96% | 14.82% | -2.19% | -13.19% | -1.76% | -11.56% | 2.52% |
| 2017 | 0.39% | 0.31% | -0.08% | 0.86% | 1.95% | 5.42% | 0.94% | 1.44% | 6.58% | 1.26% | 3.15% | 0.00% | 24.35% |
| 2016 | -13.41% | -2.15% | 7.03% | 1.44% | 3.64% | 1.37% | 9.73% | 3.86% | 5.75% | -8.23% | 9.15% | 0.96% | 17.78% |
| 2015 | -3.73% | 7.30% | 3.36% | -4.16% | 9.38% | 5.64% | 0.23% | -7.05% | -9.85% | 1.44% | 5.38% | -6.34% | -0.59% |
| 2014 | 2.42% | 6.91% | -2.89% | -9.63% | -4.36% | 7.40% | -9.24% | 6.44% | -2.73% | 5.83% | 3.13% | 7.00% | 8.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DMCRX is 18, meaning it’s performing worse than 82% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 4.51% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.54 | $0.10 | $0.82 | $7.88 | $3.96 | $1.90 | $3.69 | $1.29 | $0.00 | $0.45 | $0.37 |
Dividend yield | 4.51% | 3.86% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 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 | $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 | $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 | $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 | $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 | $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 | $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 | $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 | $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 | $0.45 |
| 2014 | $0.37 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 25.73%.
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 |
| -37.62% | 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 13.13%, 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.