Driehaus US Micro Cap Equity Fund

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396.43
21 October 2021
ISIN
IE00BDB53K54
Currency
USD
SFDR classification
Article 6
Benchmark
Russell Micro Cap Growth TR USD
Category
US Small-Cap Equity
Investment Style
Small Growth
Fund Size
USD889m

INVESTMENT OBJECTIVES

The investment objective of the Fund is to achieve long-term capital growth.

 

The Fund’s Sub-Investment Manager, Driehaus Capital Management LLC, is a privately-held boutique asset management firm located in Chicago, USA. The firm was founded in 1982 and has USD 14 billion of assets under management.

 

The strategy primarily invests in US micro-capitalisation companies with good growth potential and with a market capitalisation within the same range at the time of investment as those included in the Russell Microcap® Growth Index. Investment decisions are based on the belief that fundamentally strong companies are more likely to generate strong earnings growth on a sustained basis and are more likely to experience positive earnings revisions. Investment decisions involve evaluating a company’s competitive position, industry dynamics, identifying potential growth catalysts and assessing the financial position of the relevant company.

Key stats

The below shows the information for the share class selected in the drop down box directly below the name of the fund. You can use the drop down box to view information relating to other share classes listed in the fund. A full list of all currency share classes is available on request.

Investment Team Location

Chicago, Illinois, USA

Active/Passive

Active with reference to a benchmark

Benchmark

Russell Micro Cap Growth TR USD

Fund Size

USD889m

Fund Launch

07 December 2016

Fund Status

Closed to all investors

Share Class Launch

07 December 2016

Share Class Status

Closed to all investors

Fund Currency

USD

Share Class CCY

USD

Management Fee

1%

Min. Investment

USD1,000,000

Fund Type

UCITS

Domicile

Ireland

Administrator

BBH Fund Administration Services (Ireland) Ltd

Depositary

BBH Trustee Services (Ireland) Ltd

Auditor

Grant Thornton

Dealing Frequency

Daily

Subscriptions

T+3

Redemptions

T+5

Risk Management

1234567
Lower RiskHigher Risk

Performance

to
Frequency

Past performance is no guide to future performance and the value of investment and income from them can fall as well as rise.

Driehaus US Micro Cap Equity Fund Q3 2021 Webcast

Top Ten Holdings

As of 31 August 2021
NameSectorCountryWeight %
1Celsius Holdings IncConsumer StaplesUnited States2.3
2Grid Dynamics Holdings Inc Ordinary Shares Class AInformation TechnologyUnited States2.0
3Boot Barn Holdings IncConsumer DiscretionaryUnited States1.9
4Calix IncInformation TechnologyUnited States1.7
5Everi Holdings IncConsumer DiscretionaryUnited States1.7
6Cytokinetics IncHealth CareUnited States1.6
7SpringWorks Therapeutics Inc Ordinary SharesHealth CareUnited States1.6
8Aspen Aerogels IncEnergyUnited States1.6
9Natera IncHealth CareUnited States1.6
10Docebo Inc Ordinary SharesInformation TechnologyCanada1.5

Exposure Breakdowns

As of 31 August 2021
TypeFund %Benchmark %
Communication Services2.12.0
Consumer Discretionary17.714.5
Consumer Staples7.02.4
Energy4.24.3
Financials6.92.4
Health Care29.543.6
Industrials10.811.0
Information Technology19.215.0
Materials0.82.2
Real Estate0.02.0
Utilities0.00.6
Cash1.30.0
Other0.50.0

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Fund Manager

Funds to Consider

US Small-Cap Equity

Driehaus US Small Cap Equity Fund

The investment objective of the Fund is to achieve long-term capital growth. The Fund’s Sub-Investment Manager, Driehaus Capital Management LLC, is a privately-held boutique asset management firm located in Chicago, USA. The firm was founded in 1982 and has USD 14 billion of assets under management. The strategy primarily invests in US small-capitalisation companies with good growth potential and with a market capitalisation within the same range at the time of investment as those included in the Russell 2000® Growth Index. Investment decisions are based on the belief that fundamentally strong companies are more likely to generate superior earnings growth on a sustained basis and are more likely to experience positive earnings revisions. Investment decisions involve evaluating a company’s competitive position, industry dynamics, identifying potential growth catalysts and assessing the financial position of the relevant company.

Global Emerging Markets Equity

Driehaus Emerging Markets Sustainable Equity Fund

The investment objective of the Fund is to achieve long-term capital growth. The Fund’s Sub-Investment Manager, Driehaus Capital Management LLC, is a privately-held boutique asset management firm located in Chicago, USA. The firm was founded in 1982 and has USD 14 billion of assets under management. The investment style is a bottom-up growth equity investment approach. The strategy exploits equity market inefficiencies that materialize following inflection points, combining fundamental, behavioural, and macro analysis as well as integrating environmental, social and governance (“ESG”) criteria as part of the investment research process. The approach focuses on companies with strong or improving ESG attributes and growth opportunities tied to social and environmental solutions, and robust governance structures. It also includes evaluating fundamental factors relating to the companies such as the competitiveness of the relevant industry, the company’s business model, recent and projected financial metrics and upcoming product releases to be introduced by the company. Macro-economic or country specific analyses are also utilised to evaluate the sustainability of a company’s growth rate.

Disclaimers

Heptagon Capital Limited, Heptagon Capital LLP and its Partners disclaim any and all liability relating to these materials, including, without limitation, any express or implied representations or warranties for statements or errors contained in, and omissions from, these materials. Certain assumptions have been made, and/or parameters set, in the preparation of these materials which have resulted in the returns detailed herein, and no representation or warranty is made that any returns indicated will be achieved. Changes to assumptions or parameters may have a material impact on the returns detailed. This document should not be considered an offer to buy or sell investments. Heptagon Capital Limited has issued this communication as investment manager for Heptagon Fund ICAV, and is licenced to conduct investment services by the Malta Financial Services Authority.

Heptagon Capital LLP, acting as Distributor, is authorised and regulated in the UK by the Financial Conduct Authority.

Representative and Paying Agent in Switzerland is Société Générale, Paris, Zurich branch, Talacker 50, PO Box 1928, 8021 Zurich, Switzerland. The prospectus, the key investor information document, the Articles and the annual and semi-annual reports are available free of charge from the Swiss representative.

The results given herein are based solely upon historical fund performance as gathered and supplied by Morningstar. That past performance has not been independently verified by either Heptagon Capital Limited or Heptagon Capital LLP. It is not intended to predict or depict the future performance of any investment. Past performance is not necessarily indicative of future returns.

The information contained herein is provided for informational purposes only, is not complete, and does not contain certain material information about the funds, including important disclosures and risk factors associated with an investment in the funds. Before making an investment in any fund, prospective investors are advised to thoroughly and carefully review the fund’s private placement memorandum with their financial, legal and tax advisors to determine whether an investment is suitable for them. An investment in these funds is not suitable for all investors.

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The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and S&P Global Market Intelligence (“S&P”) and is licensed for use by Heptagon Fund ICAV. Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.