Driehaus Emerging Markets Growth Fund
Driehaus Mutual Funds · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Expense ratio |
|---|---|
| DREGX | 1.15% |
| DIEMX | 0.91% |
Portfolio turnover 137.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 94.15% |
| Cash & short-term | 5.36% |
Latest quarter
What changed since the fund's previous filing
Largest new: CDNS, STATE BANK OF INDIA, WIWYNN CORP, MELI, ANHUI YINGLIU ELECTROMECHANICAL CO LTD, ERSTE GROUP BANK AG, BANCO BTG PACTUAL SA, KAORI HEAT TREATMENT CO LTD
Largest exited: PetroChina Co Ltd., FN, China Merchants Bank Co Ltd., YUMC, Baidu Inc., Ping An Insurance (Group) Company of China Ltd., Rede D Or Sao Luiz SA, B3 S.A. - Brasil, Bolsa, Balcao
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +53.39% | +77.65% | +37.43% | 21.63% | -10.57% | |
| +53.77% | +78.93% | +39.11% | 21.63% | -10.51% |
These classes hold the same portfolio, so the 1.68pp spread over 5 years is the cost difference between them — roughly 0.34pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| TSMWF | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTDTSMWF | 9.77% | $78.89 | $497.67M | 6.3M |
| SSNLF | SAMSUNG ELECTRONICS CO LTDSSNLF | 8.71% | $221.90 | $443.51M | 2.0M |
| — | SK HYNIX INC | 6.71% | $1,764.58 | $341.70M | 193.6K |
| — | NORTHERN INSTITUTIONAL FUNDS | 5.36% | — | $273.24M | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTDTSM | 3.67% | $477.57 | $186.95M | 391.5K |
| TCTZF | TENCENT HOLDINGS LTDTCTZF | 2.79% | $55.18 | $142.10M | 2.6M |
| — | ASE TECHNOLOGY HOLDING CO LTD | 2.67% | $22.32 | $135.91M | 6.1M |
| OTPBF | OTP BANK NYRTOTPBF | 1.76% | $147.71 | $89.87M | 608.4K |
| — | CTBC FINANCIAL HOLDING CO LTD | 1.73% | $2.24 | $88.05M | 39.3M |
| BAP | CREDICORP LTDBAP | 1.68% | $389.58 | $85.40M | 219.2K |
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.
Top 10 positions are 44.85% of net assets, top 25 65.13%, across 89 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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