Driehaus International Small Cap Growth Fund (Unaudited) Security Portfolio for 2/28/2021

Quantity ID Security Description Market Value AUSTRALIA 4,687,344.41 1,981,505 BTH AU BIGTINCAN HOLDINGS LTD 1,402,695.50 110,754 MP1 AU MEGAPORT LTD 1,066,098.02 257,437 NXT AU NEXTDC LTD 2,218,550.89 6,455,991.81 87,100 ATS AV AUSTRIA TECHNOLOGIE & SYSTEM 2,564,208.36 74,943 BG AV BAWAG GROUP AG 3,891,783.45 BELGIUM 3,520,948.60 84,300 BEKB BB BEKAERT NV 3,102,221.08 38,668 BPOST BB BPOST SA 418,727.52 BERMUDA 2,753,685.46 371,526 CRE LN CONDUIT HOLDINGS LTD - W/I 2,753,685.46 BRAZIL 6,443,156.03 480,000 CYRE3 BZ CYRELA BRAZIL REALTY SA EMP 2,111,273.69 1,040,700 EMBR3 BZ EMBRAER SA 2,274,825.13 408,800 CASH3 BZ MELIUZ SA - ON 2,057,057.21 CANADA 24,298,842.46 34,100 AIF CN ALTUS GROUP LTD 1,495,726.86 103,100 ACQ CN AUTOCANADA INC 2,470,154.80 71,870 BEI-U CN BOARDWALK REAL ESTATE INVEST 2,074,889.05 40,700 GOOS CANADA GOOSE HOLDINGS-W/I 1,824,581.00 182,600 ITP CN INTERTAPE POLYMER GROUP INC 3,439,354.08 276,200 KNT CN K92 MINING 1,380,348.88 63,151 MX CN METHANEX CORP 2,434,534.07 95,382 PKI CN Parkland Corp 3,030,998.02 96,600 ZZZ CN SLEEP COUNTRY CANADA HOLDING 2,044,191.43 661,118 XBC CN XEBEC ADSORPTION INC 4,104,064.27 CHINA 2,357,345.00 65,500 BNR BURNING ROCK BIOTECH LTD-ADR 2,357,345.00 DENMARK 5,315,046.28 25,542 NETC DC NETCOMPANY GROUP AS 2,287,640.19 29,402 RBREW DC ROYAL UNIBREW 3,027,406.09 FINLAND 15,021,106.83 79,897 KCR FH KONECRANES OYJ 3,545,581.97 745,552 MOCORP FH METSO OUTOTEC OYJ 8,379,268.96 142,567 TOKMAN FH TOKMANNI GROUP CORP 3,096,255.90 FRANCE 10,937,766.39 410,648 COFA FP COFACE SA 4,483,979.55 83,100 MDM FP MAISONS DU MONDE SA 1,499,954.04 40,569 MCPHY FP MCPHY ENERGY SA 1,360,769.07 14,706 VIRP FP VIRBAC SA 3,593,063.73 29,034,353.73 51,124 DUE GY DUERR AG 2,018,289.47

Page 1 of 4 57,181 DWS GY DWS GROUP GMBH & CO KGAA 2,383,319.59 28,434 FTK GY FlatexDEGIRO AG 2,998,435.59 13,894 HBH GY HOLDING AG & CO KGA 1,310,929.62 26,006 IBU GY IBU-TEC ADVANCED MATERIALS A 1,292,754.64 25,225 G24 GY SCOUT24 AG 1,900,679.76 207,700 SGL GY SGL CARBON SE 1,724,131.03 56,100 S92 GY SMA SOLAR TECHNOLOGY AG 3,604,357.05 80,700 SMHN GY SUESS MICROTEC SE 2,293,030.22 84,133 TEG GY TAG IMMOBILIEN AG 2,391,591.46 78,000 VBK GY VERBIO VEREINIGTE BIOENERGI 3,119,776.40 16,400 ZO1 GY AG 3,997,058.90 GIBRALTAR 2,255,930.85 545,200 888 LN PLC 2,255,930.85 GREAT BRITAIN 43,075,948.64 33,238 ASC LN ASOS PLC 2,593,202.30 66,295 AML LN LAGONDA GLOBAL 1,854,632.94 51,438 BWY LN PLC 2,012,308.97 1,043,373 CTEC LN CONVATEC GROUP PLC 2,738,633.92 32,216 CWK LN 1,526,931.01 110,700 EZJ LN EASYJET PLC 1,520,063.75 300,600 ECM LN PLC 4,062,320.64 810,800 HFD LN HALFORDS GROUP PLC 3,270,211.18 42,952 LIVN LIVANOVA PLC 3,330,498.08 60,500 MXCT LN MAXCYTE INC 826,028.32 443,300 PFG LN PROVIDENT FINANCIAL PLC 1,733,001.29 1,090,500 RTN LN RESTAURANT GROUP PLC 1,654,501.02 957,668 SRP LN GROUP PLC 1,734,490.05 12,746 SPX LN SPIRAX-SARCO ENGINEERING PLC 1,901,852.67 347,400 SYNT LN PLC 2,225,421.45 389,201 VSVS LN 2,825,043.63 253,665 WOSG LN WATCHES OF GROUP 2,254,730.89 181,510 WEIR LN WEIR GROUP PLC/THE 5,012,076.53 ISLE OF MAN 12,920,078.46 32,412 DAVA ENDAVA PLC- ADR 2,866,841.40 114,589 FEVR LN FEVERTREE DRINKS PLC 3,638,318.72 490,000 OSB LN OSB GROUP PLC 3,028,315.38 262,200 PETS LN GROUP PLC 1,440,731.59 529,050 STCK LN STOCK SPIRITS GROUP PLC 1,945,871.37 ISRAEL 2,002,853.52 17,704 KRNT KORNIT DIGITAL LTD 2,002,853.52 ITALY 1,677,007.67 95,396 FBK IM FINECOBANK SPA 1,677,007.67 JAPAN 46,731,940.17 102,825 2678 JP ASKUL CORP 3,400,329.53 23,000 9697 JP CAPCOM CO LTD 1,398,189.41 21,300 4478 JP FREEE KK 2,186,050.01 118,650 6406 JP FUJITEC CO LTD 2,712,604.23

Page 2 of 4 38,300 4475 JP HENNGE KK 2,748,674.89 74,500 4062 JP IBIDEN CO LTD 3,026,267.65 23,700 8088 JP IWATANI CORP 1,351,808.25 15,206 6920 JP LASERTEC CORP 1,850,197.66 82,354 6479 JP MINEBEA MITSUMI INC 2,020,317.18 90,800 9962 JP MISUMI GROUP INC 2,768,422.53 68,430 5393 JP NICHIAS CORP 1,596,560.90 231,300 6471 JP NSK LTD 2,263,200.90 113,900 3031 JP RACCOON HOLDINGS INC 2,284,518.02 28,878 7649 JP SUGI HOLDINGS CO LTD 2,010,176.46 137,800 6432 JP TAKEUCHI MFG CO LTD 3,483,943.91 19,687 6028 JP TECHNOPRO HOLDINGS INC 1,429,498.38 83,423 6481 JP THK CO LTD 2,688,287.49 174,400 5301 JP TOKAI CARBON CO LTD 2,357,619.03 163,355 8804 JP TOKYO TATEMONO CO LTD 2,315,581.45 90,900 3092 JP ZOZO Inc 2,839,692.29 6,407,112.97 310,235 BME LN B&M EUROPEAN VALUE SA 2,359,918.05 59,686 BFSA GY BEFESA SA 4,047,194.92 MEXICO 1,187,188.35 190,586 GCC* MM GRUPO CEMENTOS CHIHUAHUA 1,187,188.35 15,995,755.60 7,098 ALFEN NA ALFEN NV 602,055.67 21,292 BESI NA BE SEMICONDUCTOR INDUSTRIES 1,602,533.66 38,100 CRBN NA CORBION NV 2,165,166.08 122,930 JHX AU JAMES HARDIE INDUSTRIES-CDI 3,453,425.73 92,400 MRUS MERUS NV 2,079,000.00 283,731 OCI NA OCI NV 6,093,574.46 NORWAY 3,502,415.07 214,200 MWTR NO MELTWATER HOLDING BV 1,372,316.80 113,100 NOD NO NORDIC SEMICONDUCTOR ASA 2,130,098.27 SOUTH KOREA 4,028,512.58 16,668 012510 KS DUZONBIZON CO LTD 1,631,935.91 53,600 161390 KS HANKOOK TIRE CO LTD 2,273,288.82 2,982 060250 KS NHN KCP CORP 123,287.85 SPAIN 1,418,564.99 106,400 ALM SM ALMIRALL SA 1,418,564.99 15,425,281.29 129,188 BHG SS BHG Group AB 2,001,183.15 90,307 BOOZT SS BOOZT AB 1,884,448.35 51,759 CINT SS CINT GROUP AB 521,028.79 244,600 EKTAB SS ELEKTA AB-B SHS 3,297,967.76 294,100 KINDSDB SS KINDRED GROUP PLC 4,668,945.02 231,106 MEKO SS MEKONOMEN AB 3,051,708.22 SWITZERLAND 11,940,296.82 4,354 BANB SW BACHEM HOLDING AG-REG B 1,646,540.97 9,194 COTN SW COMET HOLDING AG-REG 2,152,830.22

Page 3 of 4 11,600 FHZN SW FLUGHAFEN ZUERICH AG-REG 2,047,996.49 118,795 SWON SW SOFTWAREONE HOLDING AG 3,395,448.80 3,165 TECN SW TECAN GROUP AG-REG 1,329,811.46 2,900 ROSE SW ZUR ROSE GROUP AG 1,367,668.88 TAIWAN 4,293,505.53 317,589 9921 TT GIANT MANUFACTURING 3,204,111.26 76,046 2049 TT HIWIN TECHNOLOGIES CORP 1,089,394.27

Stock Total: 283,687,979.51 Cash: 1,660,946.81 Portfolio Total: 285,348,926.32

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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