DMAGX Fees and Costs — Driehaus Global Fund
Data updated: 2026-08-26
The net expense ratio is 0.76%: a 0.65% management fee plus 0.19% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $49K in broker commissions, 0.0735% of average net assets, and portfolio turnover was 119%.
DMAGX Fees and Expenses
Annual operating expenses and sales charges of DMAGX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.19% |
| Gross expense ratio | 0.85% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DMAGX Costs Over Time
On $10,000 invested in DMAGX, assuming 5% a year before costs, total costs come to $523 over 5 years, cutting the return by 0.88% 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 0.76%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $287 | $523 |
| Value after costs | $10,412 | $11,289 | $12,240 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
DMAGX 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): 0.0735%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $68.0M
- Portfolio turnover (prospectus): 119%
- Securities lending: none during the year
DMAGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $13K | 31.16% |
| NORTH SOUTH CAPITAL LLC | $10K | 25.81% |
| Cabrera Capital Markets LLC | $5K | 11.27% |
| UBS SECURITIES LLC | $3K | 7.23% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $3K | 6.60% |
| J.P. Morgan Securities LLC | $2K | 6.14% |
| Citigroup Global Markets Inc. | $1K | 3.31% |
| JEFFERIES LLC. | $1K | 3.08% |
| MACQUARIE CAPITAL (USA) INC. | $1K | 3.00% |
| Nomura Securities International, Inc. | $972 | 2.40% |
DMAGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $67.6M | 99.35% |
| BESTEX RESEARCH SECURITIES, LLC | $387K | 0.57% |
| UBS SECURITIES LLC | $58K | 0.09% |
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.