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Driehaus Select Credit (DRSLX)

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Driehaus Select Credit

Driehaus Mutual Funds25 East Erie St,25 East Erie StreetChicago, IL 60611
877-779-0079
Management Information
K.C. Nelson,Lead Manager since September 29, 2010
Mr. Nelson received his B.A. in Economics from Vanderbilt University in 1998 and an M.B.A. from Duke University in 2004. In 1998, Mr. Nelson joined J.C. Bradford & Co., where he was an analyst in the firm’s investment banking division. In 1999, he joined Andersen Corporate Finance LLC and worked as a senior analyst primarily focusing on buy and sell-side merger and acquisitions transactions across a number of industries. In 2003, Mr. Nelson joined Akela Capital where he worked as an assistant portfolio manager focusing on convertible arbitrage. In 2006, he joined Lotsoff Capital Management where he was a senior portfolio manager of the firm’s credit-oriented strategies. In 2009, Mr. Nelson joined Driehaus as portfolio manager focusing on Driehaus credit-oriented strategies.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryLong-Short Credit
Fund FamilyDriehaus
Net Assets28.57M
YTD Return0.27%
Yield4.73%
Morningstar Rating
Inception DateSep 29, 2010

Fund Operations

Last Dividend0.14
Last Cap Gain0.00
Holdings Turnover127.00%
Average for CategoryN/A

Fees & Expenses

ExpenseDRSLXCategory Average
Annual Report Expense Ratio (net)1.33%1.89%
Prospectus Net Expense Ratio1.33%N/A
Prospectus Gross Expense Ratio2.04%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A4.40%
Max Deferred Sales LoadN/A1.00%
3 Yr Expense Projection640N/A
5 Yr Expense Projection1,098N/A
10 Yr Expense Projection2,369N/A