Driehaus Active Income Fund

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

U.S. News evaluated 86 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 2.42 percent over the past year, 1.69 percent over the past three years, and 4.05 percent over the past five years.

Trailing Returns Updated 06.30.2014
Year to date 0.8%
1 Year 2.4%
3 Years (Annualized) 1.7%
5 Years (Annualized) 4.0%
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 (swaps, options and futures). The investment adviser uses techniques intended to provide absolute (positive) returns in various markets by employing strategies that exploit disparities or inefficiencies in markets. The fund invests primarily in U.S. fixed-income and floating rate securities, including fixed and floating rate loans that have a senior right to repayment ("Senior Loans"). It is non-diversified.

Fees

Fees are Low compared to funds in the same category.
Driehaus Active Income Fund has an expense ratio of 0.79 percent.

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Risk

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

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