DMCRX Performance — Driehaus Micro Cap Growth Fund
Data updated: 2026-08-26
DMCRX returned +33.99% year to date and +81.62% over one year to Jun 2026. Annualised returns are +31.89% over 3 years and +11.85% over 5 years. The fund beat its US Small Growth category average: $100 invested three years ago grew to $229, against $156 for the category, and to $182 over one year, against $132. Volatility over the past three years was 23.94% a year. In the 12 months to Jun 2026 the fund took in a net $19.5M, and assets reached $596.72M.
DMCRX Growth of $100
What $100 invested in Driehaus Micro Cap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | DMCRX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $182 | $132 |
| 3 years (Jul 2023 – Jun 2026) | $229 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $175 | $127 |
| Since data start (Jul 2019 – Jun 2026) | $410 | $203 |
DMCRX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +33.99% |
| 1 year | +81.62% |
| 3 years (annualised) | +31.89% |
| 5 years (annualised) | +11.85% |
DMCRX Annual Returns
Calendar-year total returns of Driehaus Micro Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +33.99% |
| 2025 | +30.91% |
| 2024 | +30.57% |
| 2023 | +11.45% |
| 2022 | −33.52% |
| 2021 | +24.70% |
| 2020 | +85.62% |
| 2019 (Jul–Dec) | +4.44% |
DMCRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.6% | +2.3% | −5.4% | +16.0% | +5.5% | +7.1% | — | — | — | — | — | — |
| 2025 | −1.5% | −7.8% | −9.9% | +1.8% | +7.6% | +7.9% | +3.3% | +7.3% | +12.3% | +11.5% | −3.5% | +1.4% |
| 2024 | +0.7% | +8.7% | +4.2% | −6.5% | +9.1% | −1.9% | +3.9% | +1.2% | +2.9% | +0.4% | +14.6% | −8.2% |
| 2023 | +7.3% | −1.1% | −4.0% | −0.4% | +2.1% | +7.5% | +3.5% | −4.4% | −6.7% | −9.1% | +8.5% | +10.0% |
| 2022 | −20.5% | −0.1% | −0.5% | −12.2% | −4.2% | −8.2% | +11.6% | +4.5% | −7.0% | +9.6% | −2.9% | −5.7% |
| 2021 | +9.2% | +8.1% | −4.5% | +2.3% | −0.2% | +5.1% | −4.8% | +4.2% | −2.9% | +7.9% | −1.9% | +1.1% |
| 2020 | −0.5% | −2.9% | −21.4% | +17.9% | +17.6% | +11.7% | +5.6% | +7.1% | +0.1% | +1.6% | +21.8% | +12.7% |
| 2019 | — | — | — | — | — | — | +0.1% | −2.9% | −7.9% | +4.9% | +6.3% | +4.7% |
DMCRX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 23.94%
- 3-year Sharpe ratio: 1.14 (vs 4.5% risk-free rate)
- Best month: +15.99% (Apr 2026)
- Worst month: −9.94% (Mar 2025)
DMCRX Fund Flows
Monthly money in and out of Driehaus Micro Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: $19.5M
- 12-month gross sales (incl. reinvestments): $110.7M
- Sales ÷ redemptions: 1.21×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.3M | $5.2M | −$926K |
| May 2026 | $5.4M | $10.7M | −$5.2M |
| Apr 2026 | $4.5M | $1.6M | $2.9M |
| Mar 2026 | $3.7M | $3.7M | −$22K |
| Feb 2026 | $7.2M | $5.4M | $1.8M |
| Jan 2026 | $7.3M | $5.0M | $2.3M |
| Dec 2025 | $53.7M | $18.8M | $34.8M |
| Nov 2025 | $7.3M | $18.8M | −$11.6M |
| Oct 2025 | $6.1M | $6.9M | −$804K |
| Sep 2025 | $3.8M | $4.8M | −$995K |
| Aug 2025 | $4.9M | $6.3M | −$1.4M |
| Jul 2025 | $2.5M | $4.0M | −$1.5M |
DMCRX Assets Under Management
Net assets of Driehaus Micro Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $596.72M |
| 2026-03-31 | $457.74M |
| 2025-12-31 | $443.82M |
| 2025-09-30 | $438.78M |
| 2025-06-30 | $356.55M |
| 2025-03-31 | $299.97M |
| 2024-12-31 | $298.19M |
| 2024-09-30 | $301.74M |
| 2024-06-28 | $266.68M |
| 2024-03-28 | $258.24M |
| 2023-12-29 | $222.58M |
| 2023-09-29 | $199.46M |
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.