DIEMX Fees and Costs — Driehaus Emerging Markets Growth Fund, Institutional Share Class
Data updated: 2026-08-26
The net expense ratio is 0.91%: a 0.80% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11.4M in broker commissions, 0.3174% of average net assets, and portfolio turnover was 342%.
DIEMX Fees and Expenses
Annual operating expenses and sales charges of DIEMX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DIEMX Costs Over Time
On $10,000 invested in DIEMX, assuming 5% a year before costs, total costs come to $764 over 5 years, cutting the return by 1.29% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.91%) | $96 | $297 | $515 |
| Trading costs (broker commissions) | $33 | $104 | $179 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $421 | $764 |
| Value after costs | $10,371 | $11,155 | $11,999 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
DIEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.3174%
- Total broker commissions: $11.4M
- Bought from dealers (principal trades, not a cost): $3.7B
- Portfolio turnover (prospectus): 342%
- Securities lending: none during the year
DIEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC. | $1.0M | 14.54% |
| Cabrera Capital Markets LLC | $982K | 13.73% |
| J.P. Morgan Securities LLC | $874K | 12.23% |
| UBS SECURITIES LLC | $808K | 11.31% |
| MORGAN STANLEY & CO. LLC | $636K | 8.89% |
| MACQUARIE CAPITAL (USA) INC. | $627K | 8.77% |
| Citigroup Global Markets Inc. | $611K | 8.54% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $598K | 8.36% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $489K | 6.85% |
| HSBC SECURITIES (USA) INC. | $485K | 6.79% |
DIEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $3.7B | 99.87% |
| SANTANDER SECURITIES LLC | $5.0M | 0.13% |
Driehaus Emerging Markets Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DIEMX | Institutional Share Class | 0.91% | none |
| DREGX | Investor Share Class | 1.15% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.