DRSLX: Driehaus Select Credit

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DRSLX Driehaus Select Credit


Profile

DRSLX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return -4.0%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $28.6 M
  • Holdings in Top 10 60.2%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.04%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 127.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 19, 2017
  • Standard (Taxable) $25,000
  • IRA $2,000

Fund Classification

  • Primary Caregory N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Credit

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return -4.0%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Driehaus Select Credit Fund
  • Fund Family Name
    N/A
  • Inception Date
    Sep 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

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").


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Categories

DRSLX - Mutual Fund Categories


Performance

DRSLX - Performance

Return Ranking - Trailing

Period DRSLX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -4.8% 12.9% N/A
1 Yr 4.6% -7.3% 7.8% N/A
3 Yr -4.0%* -2.9% 2.4% N/A
5 Yr -0.4%* -4.9% 2.0% N/A
10 Yr N/A* -5.0% 3.2% N/A

* Annualized

Return Ranking - Calendar

Period DRSLX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -11.7% 2.7% N/A
2018 N/A -2.5% 8.3% N/A
2017 N/A -3.1% 11.6% N/A
2016 N/A -18.3% 0.0% N/A
2015 N/A -8.4% 12.3% N/A

Total Return Ranking - Trailing

Period DRSLX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -4.8% 12.9% N/A
1 Yr 4.6% -6.5% 9.0% N/A
3 Yr -4.0%* -1.1% 6.2% N/A
5 Yr -0.4%* -2.4% 4.8% N/A
10 Yr N/A* -1.8% 9.2% N/A

* Annualized

Total Return Ranking - Calendar

Period DRSLX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -11.7% 3.9% N/A
2018 N/A -2.5% 11.6% N/A
2017 N/A -3.1% 17.7% N/A
2016 N/A -16.2% 3.7% N/A
2015 N/A -8.0% 17.6% N/A

NAV & Total Return History


Holdings

DRSLX - Holdings

Concentration Analysis

DRSLX Category Low Category High DRSLX % Rank
Net Assets 28.6 M 10.5 M 29.5 B N/A
Number of Holdings 45 11 2235 N/A
Net Assets in Top 10 26.1 M -310 M 3.34 B N/A
Weighting of Top 10 60.21% 2.5% 155.9% N/A

Top 10 Holdings

  1. Vivid Seats Bankdebt 10/12/2023 8.22%
  2. Royal Bank of Scotland Group (The) PLC 7.54%
  3. Pinnacle Entertainment Inc 7.47%
  4. Rite Aid 144A 6.125% 6.88%
  5. Pnc Cap Tr C FRN 5.44%
  6. Sterigenics Nordion Topco 144A 8.125% 5.35%
  7. AMC Entertainment Holdings Inc Class A 5.18%
  8. Gaming and Leisure Properties Inc 5.17%
  9. New Asurion Bankdebt 8/31/2021 4.78%
  10. Applied Systems Term Loan 01/23/22 4.17%

Asset Allocation

Weighting Return Low Return High DRSLX % Rank
Bonds
52.44% 26.37% 173.58% N/A
Stocks
28.39% -2.89% 10.59% N/A
Other
19.18% -34.36% 12.11% N/A
Preferred Stocks
0.00% 0.00% 26.16% N/A
Convertible Bonds
0.00% 0.00% 17.11% N/A
Cash
-0.01% -84.03% 73.39% N/A

Stock Sector Breakdown

Weighting Return Low Return High DRSLX % Rank
Financial Services
10.19% 0.00% 2.43% N/A
Consumer Cyclical
9.82% -0.30% 1.56% N/A
Real Estate
4.99% 0.00% 0.32% N/A
Technology
2.79% -1.37% 1.60% N/A
Utilities
1.82% 0.00% 0.48% N/A
Energy
-0.05% -0.14% 4.72% N/A
Communication Services
-0.12% 0.00% 0.21% N/A
Basic Materials
-0.12% 0.00% 2.60% N/A
Consumer Defense
-0.17% -0.10% 2.22% N/A
Industrials
-0.33% -0.99% 2.67% N/A
Healthcare
-0.41% -0.13% 1.18% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DRSLX % Rank
US
20.94% -2.03% 10.59% N/A
Non US
7.45% -0.86% 1.46% N/A

Bond Sector Breakdown

Weighting Return Low Return High DRSLX % Rank
Corporate
42.90% 0.00% 103.35% N/A
Derivative
0.00% -0.83% 73.03% N/A
Cash & Equivalents
0.00% -84.06% 73.39% N/A
Securitized
0.00% 0.00% 115.76% N/A
Municipal
0.00% 0.00% 21.09% N/A
Government
-0.06% -30.95% 54.13% N/A

Bond Geographic Breakdown

Weighting Return Low Return High DRSLX % Rank
US
53.56% 7.78% 153.73% N/A
Non US
-1.12% 0.00% 48.77% N/A

Expenses

DRSLX - Expenses

Operational Fees

DRSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.04% 0.00% 3.46% N/A
Management Fee 0.80% 0.00% 1.70% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.07% 0.00% 0.40% N/A

Sales Fees

DRSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

DRSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DRSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 127.00% 0.00% 1209.00% N/A

Distributions

DRSLX - Distributions

Dividend Yield Analysis

DRSLX Category Low Category High DRSLX % Rank
Dividend Yield 0.00% 0.00% 2.52% N/A

Dividend Distribution Analysis

DRSLX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

DRSLX Category Low Category High DRSLX % Rank
Net Income Ratio 4.15% 0.12% 5.67% N/A

Capital Gain Distribution Analysis

DRSLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

DRSLX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 3.33 1.27 0.05