Driehaus International Small Cap Growth Fund (Unaudited) Security Portfolio for 6/30/2021

Quantity ID Security Description Market Value AUSTRALIA 2,978,959.32 334,925 NXT AU NEXTDC LTD 2,978,959.32 AUSTRIA 9,993,347.72 124,155 ATS AV AUSTRIA TECHNOLOGIE & SYSTEM 5,373,413.46 86,814 BG AV BAWAG GROUP AG 4,619,934.26 2,165,996.29 48,608 BEKB BB BEKAERT NV 2,165,996.29 BERMUDA 2,633,566.28 362,634 CRE LN CONDUIT HOLDINGS LTD - W/I 2,633,566.28 10,595,109.17 290,700 AZUL4 BZ AZUL SA 2,555,270.42 468,500 CYRE3 BZ CYRELA BRAZIL REALTY SA EMP 2,228,619.97 482,300 EMBR3 BZ EMBRAER SA 1,829,788.29 788,900 MYPK3 BZ IOCHPE-MAXION S.A. 2,539,364.07 144,900 CASH3 BZ MELIUZ SA - ON 1,442,066.42 CANADA 29,257,847.88 46,753 AIF CN ALTUS GROUP LTD 2,166,795.62 63,688 ACQ CN AUTOCANADA INC 2,565,810.52 70,150 BEI-U CN BOARDWALK REAL ESTATE INVEST 2,313,433.35 60,125 DCBO CN DOCEBO INC 3,558,220.40 178,230 ITP CN INTERTAPE POLYMER GROUP INC 4,132,244.44 380,081 KNT CN K92 MINING 2,747,277.95 32,465 KXS CN KINAXIS INC 4,270,786.98 61,639 MX CN METHANEX CORP 2,043,196.61 73,675 PKI CN Parkland Corp 2,380,945.87 128,645 ZZZ CN SLEEP COUNTRY CANADA HOLDING 3,079,136.14 CAYMAN ISLANDS 1,639,073.76 81,384 GTH GENETRON HOLDINGS LTD 1,639,073.76 CHINA 563,569.80 19,130 BNR BURNING ROCK BIOTECH LTD-ADR 563,569.80 DENMARK 16,771,997.43 150,412 ISS DC ISS A/S 3,530,499.73 247,500 MATAS DC MATAS A/S 4,483,316.73 24,930 NETC DC NETCOMPANY GROUP AS 2,832,389.88 307,852 OSSR DC OSSUR HF 2,270,385.49 28,698 RBREW DC ROYAL UNIBREW 3,655,405.60 FINLAND 7,526,246.86 509,070 MOCORP FH METSO OUTOTEC OYJ 5,913,157.69 58,336 TOKMAN FH TOKMANNI GROUP CORP 1,613,089.17 11,342,434.07 360,509 COFA FP COFACE SA 4,368,780.13 95,069 MDM FP SA 2,356,016.86 13,475 VIRP FP VIRBAC SA 4,617,637.08

Page 1 of 4 35,608,476.44 22,171 YOU GY ABOUT YOU GMBH 670,376.29 46,344 DWS GY DWS GROUP GMBH & CO KGAA 2,100,280.89 13,795 FTK GY FLATEXDEGIRO AG 1,856,567.51 33,449 HGEA GY HGEARS AG 987,587.69 34,783 HBH GY HORNBACH HOLDING AG & CO KGA 3,963,543.28 46,273 BOSS GY HUGO BOSS 2,517,353.73 25,383 IBU GY IBU-TEC ADVANCED MATERIALS A 1,643,345.10 54,906 TPE GY PVA TEPLA AG 1,611,343.71 35,455 G24 GY SCOUT24 AG 2,989,939.62 202,729 SGL GY SGL CARBON SE 1,944,722.24 125,451 SMHN GY SUESS MICROTEC SE 4,120,473.05 67,868 TEG GY TAG IMMOBILIEN AG 2,153,497.34 58,803 VBK GY VERBIO VEREINIGTE BIOENERGI 2,978,680.42 18,740 ZO1 GY ZOOPLUS AG 6,070,765.57 2,082,666.73 392,282 888 LN PLC 2,082,666.73 GREAT BRITAIN 66,975,422.69 81,204 AML LN LAGONDA GLOBAL 2,108,986.49 302,810 BME LN B&M EUROPEAN VALUE RETAIL SA 2,401,003.65 50,207 BWY LN PLC 2,250,223.78 1,311,907 CTEC LN CONVATEC GROUP PLC 4,366,315.37 57,213 CWK LN 3,141,967.26 108,050 EZJ LN EASYJET PLC 1,337,418.03 295,456 ECM LN PLC 4,205,567.60 31,636 DAVA ENDAVA PLC- ADR 3,586,889.68 80,124 FEVR LN FEVERTREE DRINKS PLC 2,851,798.51 590,912 HFD LN HALFORDS GROUP PLC 3,524,666.15 137,137 IMI LN IMI PLC 3,262,868.12 41,924 LIVN LIVANOVA PLC 3,526,227.64 59,052 MXCT LN MAXCYTE INC 735,179.77 624,033 OSB LN OSB GROUP PLC 4,005,363.77 255,925 LN GROUP PLC 1,614,336.19 1,324,991 RTN LN RESTAURANT GROUP PLC 2,349,726.87 1,104,097 SRP LN GROUP PLC 2,072,542.81 12,440 SPX LN SPIRAX-SARCO ENGINEERING PLC 2,342,903.79 516,389 STCK LN STOCK SPIRITS GROUP PLC 1,867,949.49 559,092 SYNT LN PLC 3,801,995.34 379,886 VSVS LN 2,774,620.83 247,594 WOSG LN GROUP 2,863,273.42 162,330 WEIR LN WEIR GROUP PLC/THE 4,156,441.16 82,118 SMWH LN WH SMITH PLC 1,827,156.97 IRELAND 4,984,881.98 84,124 GLB ID GLANBIA PLC 1,368,570.61 106,518 JHX AU JAMES HARDIE INDUSTRIES-CDI 3,616,311.37 ISLE OF MAN 3,333,538.98 174,500 ABC LN ABCAM PLC 3,333,538.98

Page 2 of 4 4,005,166.62 32,214 KRNT KORNIT DIGITAL LTD 4,005,166.62 1,623,008.65 93,113 FBK IM FINECOBANK SPA 1,623,008.65 40,200,648.11 130,200 7936 JP ASICS CORP 3,295,579.46 200,650 2678 JP ASKUL CORP 3,128,185.79 44,900 9697 JP CAPCOM CO LTD 1,313,515.46 139,950 6406 JP FUJITEC CO LTD 3,103,981.28 23,100 8088 JP IWATANI CORP 1,384,814.80 80,354 6479 JP MINEBEA MITSUMI INC 2,125,751.89 107,300 9962 JP MISUMI GROUP INC 3,631,558.57 66,830 5393 JP NICHIAS CORP 1,681,352.44 225,800 6471 JP NSK LTD 1,908,512.54 143,600 4927 JP POLA ORBIS HOLDINGS INC 3,792,451.51 86,000 3031 JP RACCOON HOLDINGS INC 1,777,361.72 12,583 7649 JP SUGI HOLDINGS CO LTD 917,433.72 98,100 6432 JP TAKEUCHI MFG CO LTD 2,443,338.58 111,823 6481 JP THK CO LTD 3,336,723.03 170,200 5301 JP TOKAI CARBON CO LTD 2,347,057.92 118,100 3092 JP ZOZO Inc 4,013,029.40 LUXEMBOURG 5,031,261.13 65,480 BFSA GY BEFESA SA 5,031,261.13 MALTA 1,554,118.52 99,145 KINDSDB SS KINDRED GROUP PLC 1,554,118.52 1,495,333.41 185,986 GCC* MM GRUPO CEMENTOS CHIHUAHUA 1,495,333.41 13,352,188.86 48,183 ACCEL NA ACCELL GROUP 2,588,124.84 37,188 CRBN NA CORBION NV 2,125,411.58 90,188 MRUS MERUS NV 1,900,261.16 276,940 OCI NA OCI NV 6,738,391.28 NORWAY 5,166,914.94 404,775 MWTR NO MELTWATER HOLDING BV 2,157,587.10 77,207 NOD NO NORDIC SEMICONDUCTOR ASA 1,956,593.96 429,481 SMCRT NO SMARTCRAFT ASA 1,052,733.88 1,400,588.75 47,534 CCC PW CCC SA 1,400,588.75 SOUTH KOREA 1,199,064.95 16,269 012510 KS DUZONBIZON CO LTD 1,199,064.95 4,572,904.81 262,172 ALM SM ALMIRALL SA 4,572,904.81 SWEDEN 9,551,399.88 83,051 BHG SS BHG Group AB 1,606,073.84 88,145 BOOZT SS BOOZT AB 1,936,324.64 238,746 EKTAB SS ELEKTA AB-B SHS 3,459,237.92 154,322 MEKO SS MEKONOMEN AB 2,549,763.48

Page 3 of 4 SWITZERLAND 11,673,477.31 2,830 BANB SW BACHEM HOLDING AG-REG B 1,676,130.78 3,611 BEAN SW BELIMO HOLDING AG-REG 1,650,854.37 16,105 FHZN SW FLUGHAFEN ZUERICH AG-REG 2,663,134.30 75,115 AERO SW MONTANA AEROSPACE AG 3,162,095.92 5,089 TECN SW TECAN GROUP AG-REG 2,521,261.94 TAIWAN 3,538,953.66 309,589 9921 TT GIANT MANUFACTURING 3,538,953.66

Stock Total: 312,818,165.00 Cash: 6,043,217.82 Portfolio Total: 318,861,382.82

Source: Driehaus Capital Management LLC The portfolio represents holdings for the Driehaus International Small Cap Growth Fund (the "Fund") as of the specified date. The Fund assumes no obligation to update or supplement the holdings to reflect subsequent changes. The holdings posted may not represent current or future portfolio composition or holdings and are subject to change without notice. Information on particular holdings may be withheld if it is in the Fund’s best interest to do so. The holdings are unaudited and are provided for general information on the Fund. For more information please contact us at 800-560-6111. For information regarding the Fund's policy for valuation of investments and other significant accounting policies, please refer to the Fund's recent Semi-Annual or Annual financial statements.

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