Performance
Trailing returns
| 1 day | +0.00% | ||||
| 1 week | +0.30% |
| |||
| 4 week | +1.30% |
| |||
| 3 month | +1.74% |
| |||
| YTD | +3.49% |
| |||
| 1 year | +7.16% |
| |||
| 3 years* | - | ||||
| 5 years* | - | ||||
| *annualized | |||||
| Best 3 month return | +8.08% | |
| Worst 3 month return | -7.78% |
Morningstar statistics
Morningstar category: Nontraditional Bond
Key statistics
| Total assets | 479.55M | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 1.23% | |
| Management fee | - | |
| Fund family | Driehaus |
Asset allocation
| Cash | 42.57% | |
| Stocks | 0.00% | |
| Bonds | 46.63% | |
| Preferred | 1.76% | |
| Convertible | 7.32% | |
| Other | 1.74% |
Purchase information
| Initial | US$25,000 | |
| Additional | US$5,000 | |
| IRA Initial | US$2,000 | |
| AIP Initial | US$1,000 | |
| AIP Additional | US$1,000 |
10.13-0.01(-0.10%)
May 24, 4:00PM EDT
Description
The investment seeks to provide positive returns under a variety of market conditions. The fund is actively managed by taking both long and short positions in debt and equity securities and investing in derivatives. It invests primarily in U.S. fixed-income and floating rate securities. The fund may invest in securities of both investment and non-investment ("junk") grade credit quality and may invest in securities that have not been rated by a rating agency. It may invest in debt securities of any maturity and does not attempt to maintain any pre-set average portfolio maturity or duration. The fund is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
K.C. Nelson (Started: Sep 30, 2010)
Mirsada Durakovic (Started: Sep 30, 2010)
Elizabeth Cassidy (Started: Sep 30, 2010)
K.C. Nelson (Started: Sep 30, 2010)
Mirsada Durakovic (Started: Sep 30, 2010)
Elizabeth Cassidy (Started: Sep 30, 2010)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 7.74 | - | - | - | |
| Beta* | -1.12 | - | - | - | |
| Mean annual return | 0.32 | - | - | - | |
| R-squared* | 44.16 | - | - | - | |
| Standard deviation | 3.29 | - | - | - | |
| Sharpe ratio | 1.15 | - | - | - | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Targus Group Intl Bank Loan | 3.70% | |
| Kindred Healthcare 8.25% | 3.62% | |
| Graton Econ Dev Auth 144A 9.625% | 2.96% | |
| Venoco 8.875% | 2.87% | |
| United Refng 10.5% | 2.77% | |
| Westway Group Term Loan | 2.31% | |
| Edgen Murray Corporation 144A 8.75% | 2.22% | |
| Mgm Resorts Intl Cv 4.25% | 2.19% | |
| Mood Media 144A 9.25% | 2.18% | |
| Nuance Comms Cv 2.75% | 2.18% |