Expense Ratio History

DRESX expense ratio history

Driehaus Emerging Markets Small Cap Growth Fund

Fund company
Driehaus Mutual
Type
Mutual fund

1.31%

In basis points
131 basis points
Yearly cost per $10,000
$131
Prospectus dated
30 April 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.33% on 30 April 2026

Fee over time

DRESX expense ratio: 2.16% until 30 Apr 2014, then 1.85%; 1.85% until 30 Apr 2015, then 1.73%; 1.73% until 30 Apr 2016, then 1.69%; 1.69% until 30 Apr 2017, then 1.75%; 1.75% until 30 Apr 2018, then 1.82%; 1.82% until 30 Apr 2019, then 1.95%; 1.95% until 30 Apr 2020, then 1.75%; 1.75% until 30 Apr 2021, then 1.68%; 1.68% until 30 Apr 2022, then 1.37%; 1.37% until 30 Apr 2023, then 1.45%; 1.45% until 30 Apr 2024, then 1.37%; 1.37% until 30 Apr 2025, then 1.33%; 1.33% until 30 Apr 2026, then 1.31%; read at 1.31% on 30 Apr 2026.0.00%1.00%2.00%3.00%Apr 2013Jul 2015Oct 2017Jan 2020Apr 2022Jul 20242.16% before1.31% from 30 Apr 2026
DRESX expense ratio: 2.16% until 30 Apr 2014, then 1.85%; 1.85% until 30 Apr 2015, then 1.73%; 1.73% until 30 Apr 2016, then 1.69%; 1.69% until 30 Apr 2017, then 1.75%; 1.75% until 30 Apr 2018, then 1.82%; 1.82% until 30 Apr 2019, then 1.95%; 1.95% until 30 Apr 2020, then 1.75%; 1.75% until 30 Apr 2021, then 1.68%; 1.68% until 30 Apr 2022, then 1.37%; 1.37% until 30 Apr 2023, then 1.45%; 1.45% until 30 Apr 2024, then 1.37%; 1.37% until 30 Apr 2025, then 1.33%; 1.33% until 30 Apr 2026, then 1.31%; read at 1.31% on 30 Apr 2026.0.00%1.00%2.00%3.00%Apr 2013Sep 2017Feb 20222.16% before1.31% from 30 Apr 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
30 Apr 2026 1.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2026 1.31% Cut from 1.33% to 1.31%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-04-29
30 Apr 2025 1.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2025 1.33% Cut from 1.37% to 1.33%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-04-28
30 Apr 2024 1.37% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2024 1.37% Cut from 1.45% to 1.37%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-04-26
30 Apr 2023 1.45% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2023 1.45% Raised from 1.37% to 1.45%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-04-25
30 Apr 2022 1.37% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2022 1.37% Cut from 1.68% to 1.37%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-04-28
30 Apr 2021 1.68% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2021 1.68% Cut from 1.75% to 1.68%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-04-27
30 Apr 2020 1.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-04-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Apr 2020 1.75% Cut from 1.95% to 1.75%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-12-08
30 Apr 2019 1.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2019 1.95% Raised from 1.82% to 1.95%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-05-14
30 Apr 2018 1.82% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2018 1.82% Raised from 1.75% to 1.82%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-05-09
30 Apr 2017 1.75% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2017 1.75% Raised from 1.69% to 1.75%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-05-10
30 Apr 2016 1.69% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2016 1.69% Cut from 1.73% to 1.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-05-06
30 Apr 2015 1.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2015 1.73% Cut from 1.85% to 1.73%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-05-06
30 Apr 2014 1.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2014 1.85% Cut from 2.16% to 1.85%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-05-07
30 Apr 2013 2.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.31% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,587 in fees over 10 years

After fees, $10,000 grows to $14,322.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$134
3 years$418
5 years$722
10 years$1,587

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 14 prospectuses for this share class since 2013. Each one is listed above with a link to the filing.

How we read fees

More Driehaus Mutual funds