Driehaus Emerging Markets Equity Fund

Latest Nav
252.26
16 October 2025
ISIN
IE00B6RSJ564
Currency
USD
SFDR classification
Article 8
Benchmark
MSCI EM NR USD
Category
Global Emerging Markets Equity
Investment Style
Large Growth
Fund Size
USD824m

INVESTMENT OBJECTIVES

The investment objective of the Fund is to achieve long-term capital growth. The Fund’s Sub-Investment Manager, Driehaus Capital Management LLC, is a privately-held boutique asset management firm located in Chicago, USA. The firm was founded in 1982 and has USD 21.4 billion of assets under management.

The investment style is a bottom-up growth equity investment approach. The strategy exploits equity market inefficiencies that materialize following inflection points, combining fundamental, behavioural, and macro analysis as well as integrating environmental, social and governance (“ESG”) criteria as part of the investment research process. The approach focuses on companies with strong or improving ESG attributes and growth opportunities tied to social and environmental solutions, and robust governance structures. It also includes evaluating fundamental factors relating to the companies such as the competitiveness of the relevant industry, the company’s business model, recent and projected financial metrics and upcoming product releases to be introduced by the company. Macro-economic or country specific analyses are also utilised to evaluate the sustainability of a company’s growth rate.

Receive the updates

Sign up to our monthly email newsletter for the latest fund updates, webcasts and insights.

Key stats

The below shows the information for the share class selected in the drop down box directly below the name of the fund. You can use the drop down box to view information relating to other share classes listed in the fund. A full list of all currency share classes is available on request.

Investment Team LocationChicago, Illinois, USA
Active/PassiveActive with reference to a benchmark
BenchmarkMSCI EM NR USD
Fund SizeUSD824m
Fund Launch25 June 2012
Fund StatusOpen to all investors
Share Class Launch25 June 2012
Fund CurrencyUSD
Share Class CCYUSD
Management Fee0.90%
Min. InvestmentUSD2,000,000
Fund TypeUCITS
DomicileIreland
AdministratorBBH Fund Administration Services (Ireland) Ltd
DepositaryBBH Trustee Services (Ireland) Ltd
AuditorGrant Thornton
Dealing FrequencyDaily
SubscriptionsT+3
RedemptionsT+3
Risk Management
1234567
Lower RiskHigher Risk

Performance

As of 30 September 2025
to
Frequency
As of 16 October 2025
Fund -14.64 7.31 42.67 -17.93 26.33 29.69 -0.16 -21.61 11.27 10.32
Benchmark -14.92 11.19 37.28 -14.58 18.44 18.31 -2.54 -20.09 9.83 7.50
As of 16 October 2025
Fund 24.23 6.85 10.53 25.55 16.04 17.09 7.42 9.96 7.12
Benchmark 27.53 7.15 10.64 23.91 17.32 18.21 7.02 7.99 8.37

Past performance is no guide to future performance and the value of investment and income from them can fall as well as rise.

Driehaus Emerging Markets Equity Fund - Q2 2025 Market Update

Top Ten Holdings

As of 31 August 2025
Name Sector Country Weight %
1 Tencent Holdings Ltd Communication Services China 7.2
2 Taiwan Semiconductor Manufacturing Co Ltd Technology Taiwan 4.5
3 Taiwan Semiconductor Manufacturing Co Ltd ADR Technology Taiwan 3.6
4 Alibaba Group Holding Ltd Ordinary Shares Consumer Cyclical China 2.8
5 Samsung Electronics Co Ltd Technology South Korea 2.6
6 Contemporary Amperex Technology Co Ltd Class A Industrials China 1.7
7 Chroma Ate Inc Technology Taiwan 1.6
8 ICICI Bank Ltd ADR Financial Services India 1.5
9 Delta Electronics Inc Technology Taiwan 1.5
10 National Bank of Greece SA Financial Services Greece 1.4

Exposure Breakdowns

As of 31 August 2025
Type Fund % Benchmark %
Communication Services 12.0 10.5
Consumer Discretionary 14.4 13.6
Consumer Staples 1.6 4.0
Energy 0.9 3.9
Financials 24.3 22.2
Health Care 3.3 3.4
Industrials 8.4 6.6
Information Technology 23.5 25.5
Materials 0.7 6.5
Real Estate 3.8 1.4
Utilities 1.8 2.3
Cash 5.3 0
Type Fund % Benchmark %
China 31.4 30.3
Taiwan 15.9 19.3
India 13.0 15.2
South Korea 7.4 11.0
Brazil 6.8 4.3
South Africa 4.5 3.4
United States 3.3 0.6
United Arab Emirates 3.2 1.4
Greece 2.1 0.6
Peru 2.0 0.2
Hungary 1.5 0.3
Indonesia 1.2 1.1
Mexico 1.2 2.0
Poland 1.1 1.0
Switzerland 0.9 0
Hong Kong 0.8 0.4
Saudi Arabia 0.7 3.3
Argentina 0.7 0
Singapore 0.6 0
Malaysia 0.5 1.2
Thailand 0.4 1.0
Turkey 0.3 0.5
France 0.3 0
Cash 5.3 0
Type Fund % Benchmark %
Giant 52.2 59.3
Large 33.6 32.7
Medium 10.7 7.9
Small 3.6 0.1
Micro 0 0
ValueBlendGrowth
SmallMidLarge
  • Fund
  • Benchmark

Fund Manager

richard thies
Richard Thies

Lead Portfolio Manager

Read More
Chad Cleaver

Lead Portfolio Manager

Read More
howard schwab
Howard Schwab

Lead Portfolio Manager

Read More
Mihaela Zahariuc
Mihaela Zahariuc

Assistant Portfolio Manager

Read More

Funds to consider

US Small-Cap Equity
Driehaus US Small Cap Equity Fund

The investment objective of the Fund is to achieve long-term capital growth.

US Small-Cap Equity
Driehaus US Micro Cap Equity Fund

The investment objective of the Fund is to achieve long-term capital growth.

Disclaimers

Heptagon Capital Limited, Heptagon Capital LLP and its Partners disclaim any and all liability relating to these materials, including, without limitation, any express or implied representations or warranties for statements or errors contained in, and omissions from, these materials. Certain assumptions have been made, and/or parameters set, in the preparation of these materials which have resulted in the returns detailed herein, and no representation or warranty is made that any returns indicated will be achieved. Changes to assumptions or parameters may have a material impact on the returns detailed. This document should not be considered an offer to buy or sell investments. Heptagon Capital Limited has issued this communication as investment manager for Heptagon Fund ICAV, and is licenced to conduct investment services by the Malta Financial Services Authority.

Heptagon Capital LLP, acting as Distributor, is authorised and regulated in the UK by the Financial Conduct Authority.

Representative and Paying Agent in Switzerland is Société Générale, Paris, Zurich branch, Talacker 50, PO Box 1928, 8021 Zurich, Switzerland. The prospectus, the key investor information document, the Articles and the annual and semi-annual reports are available free of charge from the Swiss representative.

The results given herein are based solely upon historical fund performance as gathered and supplied by Morningstar. That past performance has not been independently verified by either Heptagon Capital Limited or Heptagon Capital LLP. It is not intended to predict or depict the future performance of any investment. Past performance is not necessarily indicative of future returns.

The information contained herein is provided for informational purposes only, is not complete, and does not contain certain material information about the funds, including important disclosures and risk factors associated with an investment in the funds. Before making an investment in any fund, prospective investors are advised to thoroughly and carefully review the fund’s private placement memorandum with their financial, legal and tax advisors to determine whether an investment is suitable for them. An investment in these funds is not suitable for all investors.

London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. Russell® is a trade-mark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

The S&P 500 (“Index”) is a product of S&P Dow Jones Indices LLC, its affiliates and/or their licensors and has been licensed for use by Heptagon Fund ICAV. Copyright © 2024 S&P Dow Jones Indices LLC, its affiliates and/or their licensors. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and S&P Global Market Intelligence (“S&P”) and is licensed for use by Heptagon Fund ICAV. Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.