Driehaus Emerging Markets Growth Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, Driehaus Emerging Markets Growth Fund held 90 positions with $5.09B in net assets. Its ten largest holdings made up 44.8% of the fund. The DREGX share class costs 1.15% a year. Over the 12 months to May 2026, DREGX returned 56.7%, with dividends reinvested. In 2026 Q2 it added 15 new positions and exited 24.
Driehaus Emerging Markets Growth Fund seeks to maximize capital appreciation.
The fund invests in equity securities of emerging markets companies, selecting growth stocks where revenue and earnings are expected to materially exceed market expectations; it evaluates business models, competitive positioning, financial metrics, technical factors, and macro conditions in a bottom-up analysis. The fund trades actively and may concentrate significant assets in single emerging market countries or companies with limited operating histories. Because the fund's returns depend on the manager's ability to identify companies whose growth will outpace expectations, performance will diverge from emerging markets indices and may underperform if growth forecasts prove inaccurate.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TSMWFTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 9.77% | $497.67M | 6.3M | $78.89 |
SSNLFSAMSUNG ELECTRONICS CO LTD | 8.71% | $443.51M | 2.0M | $221.90 |
SK HYNIX INC | 6.71% | $341.70M | 193.6K | $1,764.58 |
NORTHERN INSTITUTIONAL FUNDS | 5.36% | $273.24M | — | — |
TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 3.67% | $186.95M | 391.5K | $477.57 |
TCTZFTENCENT HOLDINGS LTD | 2.79% | $142.10M | 2.6M | $55.18 |
ASE TECHNOLOGY HOLDING CO LTD | 2.67% | $135.91M | 6.1M | $22.32 |
OTPBFOTP BANK NYRT | 1.76% | $89.87M | 608.4K | $147.71 |
CTBC FINANCIAL HOLDING CO LTD | 1.73% | $88.05M | 39.3M | $2.24 |
BAPCREDICORP LTD | 1.68% | $85.40M | 219.2K | $389.58 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 90 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 94.15% |
| Cash & short-term | 5.36% |
How it has done
DREGX share class · total returns with dividends reinvested
Volatility over the last 12 months: 21.82%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.15% | +56.74% | +94.33% | +43.04% | -10.57% | |
| 0.91% | +57.10% | +95.70% | +44.73% | -10.51% |
These classes hold the same portfolio, so the 1.69pp spread over 5 years is the cost difference between them — roughly 0.34pp a year — not a difference in what they own.
Fees & fund details
Driehaus Emerging Markets Growth Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.91% – 1.15%· DREGX 1.15%
- Portfolio turnover
- 137.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
15 new· the largest 8
24 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — DREGX, QQQ and the fund in my 401(k)?”
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