Driehaus Active Income Fund

Class No Load (LCMAX)
Scorecard
3 / 5 Stars
Lipper
1 1 2 4 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
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TheStreet.com
D (Sell)

U.S. News evaluated 75 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 2.50 percent over the past year, 1.36 percent over the past three years, and 5.91 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 0.4%
1 Year 2.5%
3 Years (Annualized) 1.4%
5 Years (Annualized) 5.9%
10 Years (Annualized) N/A

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Summary

The investment seeks current income and capital appreciation. The fund is actively managed by taking both long and short positions in debt and equity securities and investing in derivatives. It invests primarily in U.S. fixed-income and floating rate securities. The fund may invest in securities of both investment and non-investment ("junk") grade credit quality and may invest in securities that have not been rated by a rating agency. It is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Driehaus Active Income Fund has an expense ratio of 0.91 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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