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Driehaus Mutual Funds - Driehaus Active Income Fund (LCMAX)

8.59 0.00 (0.00%)
At close: November 9 at 8:01 PM EST

Fund Summary

The fund is actively managed by taking both long and short positions in debt and equity securities and investing in derivatives (swaps, options and futures). The investment adviser uses techniques intended to provide absolute (positive) returns in various markets by employing strategies that exploit disparities or inefficiencies in markets. The fund invests primarily in U.S. fixed-income and floating rate securities, including fixed and floating rate loans that have a senior right to repayment ("Senior Loans").

Driehaus Mutual Funds - Driehaus Active Income Fund

Driehaus Mutual Funds
25 East Erie St,25 East Erie Street
800-560-6111

Fund Overview

Category Long-Short Credit
Fund Family Driehaus
Net Assets 42.38M
YTD Return -3.55%
Yield 5.29%
Morningstar Rating
Inception Date Nov 08, 2005

Fund Operations

Last Dividend 0.10
Last Cap Gain 0.00
Holdings Turnover 84.00%
Average for Category --

Fees & Expenses

Expense LCMAX Category Average
Annual Report Expense Ratio (net) 1.40% 2.04%
Prospectus Net Expense Ratio 1.40% --
Prospectus Gross Expense Ratio 1.40% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.64%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 443 --
5 Yr Expense Projection 766 --
10 Yr Expense Projection 1,680 --

Management Information

John Khym, Lead Manager since August 03, 2018
Mr. Khym received a B.B.A. from the University of Notre Dame in 2001 and is a CFA charterholder. Prior to joining Driehaus in 2014, Mr. Khym was a Vice President with Neuberger Berman, where he focused on distressed debt investing in the U.S. and Europe. From 2006 through 2011, Mr. Khym was an Investment Analyst with Chicago Fundamental Investment Partners, a hedge fund focused on long/short high yield credit investing. Earlier in his career, Mr. Khym was an Associate with Madison Capital Funding, a provider of middle market leveraged loans, and an Associate within Huron Consulting Group / Arthur Andersen’s corporate restructuring practices.

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.

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