Jeffrey James serves as Lead Portfolio Manager with 35 years of investment experience, supported by Michael Buck (25 years experience) and Prakash Vijayan, CFA (19 years experience). All three managers have been with the fund since its inception in May 2020, providing continuity and consistency. The team is part of Driehaus Capital Management LLC, an independent boutique investment adviser founded in 1982 by Richard H. Driehaus with over 40 years of institutional experience managing $26 billion in growth-oriented strategies. The management team has demonstrated expertise in identifying growth inflections and earnings surprises, with James notably achieving exceptional performance including his Driehaus Micro Cap Growth fund returning 47% in 2020. The team emphasizes fundamental research, focusing on companies starting from a lower base that are less discovered by the market.

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The Driehaus Small/Mid Cap Growth Fund employs an active growth equity investment philosophy that focuses on identifying company-specific growth inflection points and positive fundamental changes. The strategy seeks to capitalize on market dislocations where expectations are anchored to historical information, creating alpha capture opportunities when companies experience earnings surprises, estimate revisions, and fundamental improvements. The investment process emphasizes companies undergoing positive fundamental change with exposure to growth inflections, factors that are positively correlated to alpha generation. The philosophy hinges on the belief that fundamentally strong companies are more likely to generate superior earnings growth on a sustained basis, particularly in the small to mid-cap segment where discovery inefficiencies create investment opportunities.

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