DNSMX Performance — Driehaus Small Cap Growth Fund, Institutional Share Class
Data updated: 2026-08-26
DNSMX returned +25.12% year to date and +54.18% over one year to Jun 2026. Annualised returns are +25.09% over 3 years and +9.28% over 5 years. The fund beat its US Mid-Cap Growth category average: $100 invested three years ago grew to $196, against $152 for the category, and to $154 over one year, against $118. Volatility over the past three years was 21.55% a year. In the 12 months to Jun 2026 the fund took in a net $63.1M, and assets reached $1.61B.
DNSMX Growth of $100
What $100 invested in Driehaus Small Cap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | DNSMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $154 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $196 | $152 |
| 5 years (Jul 2021 – Jun 2026) | $156 | $129 |
| Since data start (Jul 2019 – Jun 2026) | $308 | $203 |
DNSMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +25.12% |
| 1 year | +54.18% |
| 3 years (annualised) | +25.09% |
| 5 years (annualised) | +9.28% |
DNSMX Annual Returns
Calendar-year total returns of Driehaus Small Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +25.12% |
| 2025 | +16.97% |
| 2024 | +27.78% |
| 2023 | +19.12% |
| 2022 | −33.94% |
| 2021 | +21.44% |
| 2020 | +64.42% |
| 2019 (Jul–Dec) | +4.73% |
DNSMX 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 | +6.3% | +1.0% | −7.3% | +13.5% | +5.3% | +5.2% | — | — | — | — | — | — |
| 2025 | +1.6% | −9.2% | −9.6% | +1.5% | +4.2% | +7.4% | +3.0% | +5.2% | +7.9% | +7.1% | −0.2% | −1.3% |
| 2024 | +3.8% | +11.2% | +2.9% | −6.5% | +6.4% | +0.9% | +0.9% | +2.0% | +3.6% | −0.6% | +11.8% | −9.5% |
| 2023 | +6.0% | +0.2% | −2.1% | −0.1% | +0.9% | +8.5% | +4.0% | −1.6% | −6.4% | −8.3% | +8.2% | +10.0% |
| 2022 | −19.4% | +1.2% | −1.1% | −11.9% | −2.7% | −8.3% | +9.6% | +1.5% | −7.4% | +9.4% | −0.1% | −7.4% |
| 2021 | +6.3% | +6.5% | −3.6% | +3.3% | −2.5% | +4.4% | −1.6% | +3.5% | −1.2% | +8.6% | −2.8% | −0.2% |
| 2020 | 0.0% | −5.0% | −19.1% | +17.1% | +15.5% | +6.2% | +6.0% | +6.4% | +1.0% | +1.7% | +16.5% | +10.4% |
| 2019 | — | — | — | — | — | — | +3.6% | −2.1% | −8.2% | +4.9% | +3.8% | +3.4% |
DNSMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 21.55%
- 3-year Sharpe ratio: 0.96 (vs 4.5% risk-free rate)
- Best month: +13.47% (Apr 2026)
- Worst month: −9.55% (Mar 2025)
DNSMX Fund Flows
Monthly money in and out of Driehaus Small Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: $63.1M
- 12-month gross sales (incl. reinvestments): $442.1M
- Sales ÷ redemptions: 1.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $70.0M | $27.3M | $42.7M |
| May 2026 | $65.1M | $28.0M | $37.0M |
| Apr 2026 | $89.2M | $16.3M | $72.9M |
| Mar 2026 | $19.0M | $19.4M | −$349K |
| Feb 2026 | $31.6M | $28.0M | $3.6M |
| Jan 2026 | $17.3M | $19.7M | −$2.4M |
| Dec 2025 | $22.5M | $36.8M | −$14.3M |
| Nov 2025 | $15.4M | $45.3M | −$29.9M |
| Oct 2025 | $48.8M | $42.1M | $6.7M |
| Sep 2025 | $25.5M | $16.3M | $9.2M |
| Aug 2025 | $20.4M | $25.1M | −$4.7M |
| Jul 2025 | $17.5M | $74.8M | −$57.3M |
DNSMX Assets Under Management
Net assets of Driehaus Small Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.61B |
| 2026-03-31 | $1.15B |
| 2025-12-31 | $1.15B |
| 2025-09-30 | $1.13B |
| 2025-06-30 | $1.02B |
| 2025-03-31 | $886.10M |
| 2024-12-31 | $1.00B |
| 2024-09-30 | $916.41M |
| 2024-06-28 | $783.03M |
| 2024-03-28 | $760.50M |
| 2023-12-29 | $560.68M |
| 2023-09-29 | $495.54M |
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.