Driehaus International Small Cap Growth Fund (Unaudited) Security Portfolio for 4/30/2021

Quantity ID Security Description Market Value AUSTRALIA 4,391,663.20 1,981,505 BTH AU BIGTINCAN HOLDINGS LTD 1,328,013.62 343,137 NXT AU NEXTDC LTD 3,063,649.58 8,161,659.14 87,100 ATS AV AUSTRIA TECHNOLOGIE & SYSTEM 3,356,147.23 88,943 BG AV BAWAG GROUP AG 4,805,511.91 BELGIUM 3,703,317.37 84,300 BEKB BB BEKAERT NV 3,703,317.37 BERMUDA 2,760,456.56 371,526 CRE LN CONDUIT HOLDINGS LTD - W/I 2,760,456.56 BRAZIL 7,459,764.73 480,000 CYRE3 BZ CYRELA BRAZIL REALTY SA EMP 2,085,400.54 1,040,700 EMBR3 BZ SA 2,883,356.19 408,800 CASH3 BZ MELIUZ SA - ON 2,491,008.00 CANADA 24,222,729.15 47,900 AIF CN ALTUS GROUP LTD 2,420,427.95 111,628 ACQ CN AUTOCANADA INC 4,301,104.08 71,870 BEI-U CN BOARDWALK REAL ESTATE INVEST 2,143,557.92 47,600 DCBO CN DOCEBO INC 2,525,319.12 182,600 ITP CN INTERTAPE POLYMER GROUP INC 4,493,877.89 276,200 KNT CN K92 MINING 1,802,159.21 63,151 MX CN METHANEX CORP 2,305,834.83 46,682 PKI CN Parkland Corp 1,499,414.52 96,600 ZZZ CN SLEEP COUNTRY CANADA HOLDING 2,731,033.63 CAYMAN ISLANDS 628,113.44 29,684 GTH GENETRON HOLDINGS LTD 628,113.44 CHINA 1,747,650.00 57,300 BNR BURNING ROCK BIOTECH LTD-ADR 1,747,650.00 6,255,346.27 25,542 NETC DC NETCOMPANY GROUP AS 2,663,865.73 29,402 RBREW DC ROYAL UNIBREW 3,591,480.54 FINLAND 11,199,751.94 47,597 KCR FH KONECRANES OYJ 2,192,804.40 544,652 MOCORP FH METSO OUTOTEC OYJ 6,118,525.13 112,267 TOKMAN FH TOKMANNI GROUP CORP 2,888,422.41 FRANCE 12,775,039.96 410,648 COFA FP COFACE SA 5,011,071.18 97,400 MDM FP MAISONS DU MONDE SA 2,367,744.97 17,169 MCPHY FP MCPHY ENERGY SA 622,545.58 14,706 VIRP FP VIRBAC SA 4,773,678.23 38,399,396.41 51,124 DUE GY DUERR AG 2,148,775.62 47,481 DWS GY DWS GROUP GMBH & CO KGAA 2,077,858.92

Page 1 of 4 28,434 FTK GY FLATEXDEGIRO AG 3,647,515.90 13,894 HBH GY HOLDING AG & CO KGA 1,298,740.87 26,006 IBU GY IBU-TEC ADVANCED MATERIALS A 1,234,995.77 73,800 NDX1 GY SE 2,134,748.91 36,325 G24 GY SCOUT24 AG 3,019,463.72 207,700 SGL GY SGL CARBON SE 1,545,688.45 37,990 S92 GY SMA SOLAR TECHNOLOGY AG 2,169,490.34 128,527 SMHN GY SUESS MICROTEC SE 4,179,809.17 84,133 TEG GY TAG IMMOBILIEN AG 2,600,538.38 78,000 VBK GY VERBIO VEREINIGTE BIOENERGI 3,931,069.23 26,600 ZO1 GY AG 8,410,701.13 3,835,994.50 651,100 888 LN PLC 3,835,994.50 GREAT BRITAIN 64,310,652.37 40,351 ASC LN ASOS PLC 2,908,936.45 66,295 AML LN LAGONDA GLOBAL 1,775,742.51 310,235 BME LN B&M EUROPEAN VALUE SA 2,424,170.53 51,438 BWY LN PLC 2,565,908.96 1,137,246 CTEC LN CONVATEC GROUP PLC 3,427,035.45 32,216 CWK LN 1,659,548.22 110,700 EZJ LN EASYJET PLC 1,583,860.05 300,600 ECM LN PLC 4,425,431.38 32,412 DAVA ENDAVA PLC- ADR 2,934,582.48 82,089 FEVR LN FEVERTREE DRINKS PLC 2,843,295.04 810,800 HFD LN HALFORDS GROUP PLC 4,221,477.91 52,555 IMI LN IMI PLC 1,156,942.53 42,952 LIVN LIVANOVA PLC 3,645,336.24 60,500 MXCT LN MAXCYTE INC 751,981.78 490,000 OSB LN OSB GROUP PLC 3,242,816.09 262,200 PETS LN GROUP PLC 1,608,498.55 1,357,478 RTN LN RESTAURANT GROUP PLC 2,249,694.14 957,668 SRP LN GROUP PLC 1,852,945.06 12,746 SPX LN SPIRAX-SARCO ENGINEERING PLC 2,079,778.43 529,050 STCK LN STOCK SPIRITS GROUP PLC 1,994,659.63 447,985 SYNT LN PLC 3,146,037.27 389,201 VSVS LN 2,891,782.69 253,665 WOSG LN WATCHES OF GROUP 2,567,875.44 181,510 WEIR LN WEIR GROUP PLC/THE 4,805,428.27 61,900 SMWH LN WH SMITH PLC 1,546,887.27 IRELAND 4,062,592.63 122,930 JHX AU JAMES HARDIE INDUSTRIES-CDI 4,062,592.63 1,730,743.04 17,704 KRNT KORNIT DIGITAL LTD 1,730,743.04 ITALY 1,642,358.64 95,396 FBK IM FINECOBANK SPA 1,642,358.64 JAPAN 50,167,781.91 102,825 2678 JP ASKUL CORP 3,763,381.84

Page 2 of 4 46,000 9697 JP CAPCOM CO LTD 1,494,189.77 143,350 6406 JP FUJITEC CO LTD 3,239,770.32 43,800 4475 JP HENNGE KK 3,125,995.05 74,500 4062 JP IBIDEN CO LTD 3,531,064.14 23,700 8088 JP IWATANI CORP 1,485,451.55 15,206 6920 JP LASERTEC CORP 2,690,859.55 82,354 6479 JP MINEBEA MITSUMI INC 2,065,443.44 109,900 9962 JP MISUMI GROUP INC 3,097,190.97 68,430 5393 JP NICHIAS CORP 1,785,103.22 231,300 6471 JP NSK LTD 2,129,085.92 88,100 3031 JP RACCOON HOLDINGS INC 2,579,558.97 23,278 7649 JP SUGI HOLDINGS CO LTD 1,789,140.82 100,500 6432 JP TAKEUCHI MFG CO LTD 2,708,138.90 19,687 6028 JP TECHNOPRO HOLDINGS INC 1,446,487.42 114,523 6481 JP THK CO LTD 3,903,359.64 174,400 5301 JP TOKAI CARBON CO LTD 2,837,251.35 163,355 8804 JP TOKYO TATEMONO CO LTD 2,410,939.84 121,000 3092 JP ZOZO Inc 4,085,369.20 4,694,071.49 67,086 BFSA GY BEFESA SA 4,694,071.49 MALTA 4,213,872.70 243,500 KINDSDB SS KINDRED GROUP PLC 4,213,872.70 MEXICO 1,344,460.64 190,586 GCC* MM GRUPO CEMENTOS CHIHUAHUA 1,344,460.64 12,609,712.40 35,329 ACCEL NA ACCELL GROUP 1,822,147.17 38,100 CRBN NA CORBION NV 2,231,655.08 92,400 MRUS MERUS NV 1,934,856.00 283,731 OCI NA OCI NV 6,621,054.15 NORWAY 4,647,813.56 414,700 MWTR NO MELTWATER HOLDING BV 2,690,269.11 79,100 NOD NO NORDIC SEMICONDUCTOR ASA 1,957,544.45 SOUTH KOREA 1,399,914.06 16,668 012510 KS DUZONBIZON CO LTD 1,263,192.70 2,982 060250 KS NHN KCP CORP 136,721.36 SPAIN 3,256,467.48 207,400 ALM SM ALMIRALL SA 3,256,467.48 11,822,996.56 129,188 BHG SS BHG Group AB 2,482,873.25 90,307 BOOZT SS BOOZT AB 2,102,581.61 244,600 EKTAB SS ELEKTA AB-B SHS 3,273,642.00 231,106 MEKO SS MEKONOMEN AB 3,963,899.70 SWITZERLAND 7,592,123.74 4,354 BANB SW BACHEM HOLDING AG-REG B 2,209,777.18 6,194 COTN SW COMET HOLDING AG-REG 1,587,074.73 11,600 FHZN SW FLUGHAFEN ZUERICH AG-REG 2,085,650.15 3,165 TECN SW TECAN GROUP AG-REG 1,541,518.75

Page 3 of 4 505 ROSE SW ZUR ROSE GROUP AG 168,102.93 TAIWAN 5,180,318.57 317,589 9921 TT GIANT MANUFACTURING 4,033,012.62 76,046 2049 TT HIWIN TECHNOLOGIES CORP 1,147,305.95

Stock Total: 304,216,762.46 Cash: 14,260,331.60 Portfolio Total: 318,477,094.06

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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