# EDGAR Filing Document

**Accession Number:** 0001016073
**File Stem:** 0001145549-23-006897
**Filing Date:** 2023-2
**Character Count:** 45582
**Document Hash:** 8c38fdc334dca64c4d15070696b0fce9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-006897.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001145549-23-006897

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DRIEHAUS MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0001016073
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07655
- **FILM NUMBER:** 23645870

**BUSINESS ADDRESS:**
- **STREET 1:** 25 EAST ERIE ST
- **STREET 2:** 25 EAST ERIE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60611
- **BUSINESS PHONE:** 3125873800

## Series and Classes Contracts Data

### Driehaus Micro Cap Growth Fund (Series ID: S000042829)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000132648 | Driehaus Micro Cap Growth Fund | DMCRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Driehaus Mutual Funds

- **b. Investment Company Act file number:** 811-07655

- **c. CIK number of Registrant:** 0001016073

- **d. LEI of Registrant:** 25490065PZVMACERQ816

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 25 EAST ERIE STREET

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60611

  - **Telephone number:** 312 587 3800

**Item A.2. Information about the Series.**

- **a. Name of Series:** Driehaus Micro Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000042829

- **c. LEI of Series:** 25490094BBGBJLBUT068

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $176573480.37

**Total Liabilities:** $243619.40

**Net Assets:** $176329860.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000132648 | 9.62%                | -2.87%               | -5.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1662860.45             | $19364781.15                               |
| Month 2  | $-2768068.08             | $-2853828.34                               |
| Month 3  | $-2350278.72             | $-8290821.45                               |

### Schedule of Portfolio Investments

| Name                              | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FED Signal Corp                   | FED Signal Corp COM USD1                       | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     44973 | NS      | $2089895.31   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp.                 | Forward Air Corp. COM USD0.01                  | CUSIP: 349853101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17577 | NS      | $1843651.53   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp.                 | McGrath RentCorp. COM NPV                      | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     15022 | NS      | $1483272.28   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                   | City Holding Co COM USD2.50                    | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9315 | NS      | $867133.35    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                   | Photronics Inc. COM USD0.01                    | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     48725 | NS      | $820041.75    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                       | Plexus Corp COM USD0.01                        | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      9336 | NS      | $960954.48    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EnPro Industries Inc.             | EnPro Industries Inc. COM USD0.01              | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      8618 | NS      | $936690.42    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corporation       | Wabash National Corporation COM USD0.01        | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     64123 | NS      | $1449179.80   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc.              | Energy Recovery Inc. USD0.001                  | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     59395 | NS      | $1217003.55   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs Warehouse Inc.              | Chefs Warehouse Inc. COM USD0.01               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     34034 | NS      | $1132651.52   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                        | Stride Inc COM                                 | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     32487 | NS      | $1016193.36   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Acumen Pharmaceuticals Inc        | Acumen Pharmaceuticals Inc COM                 | CUSIP: 00509G209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60433 | NS      | $326338.20    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc.     | Cross Country Healthcare Inc. COM USD0.0001    | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |     99064 | NS      | $2632130.48   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                      | Agilysys Inc COM NPV                           | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     48959 | NS      | $3874615.26   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunopta Inc                       | Sunopta Inc COM NPV                            | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | CA        |    268721 | NS      | $2268005.24   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International, Inc.         | Titan International, Inc. COM NPV              | CUSIP: 88830M102<br>LEI: 54930043H7SFLNS88586 | Long             | EC               | CORP              | US        |     90558 | NS      | $1387348.56   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Inst Fds                 | Northern Inst Fds GOVT SELECT PT               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1090197 | NS      | $1090197.23   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                  | Green Plains Inc COM STK USD0.001              | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     33113 | NS      | $1009946.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Grp Inc                       | MYR Grp Inc COM USD0.01                        | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     11484 | NS      | $1057331.88   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincor Pharma Inc                 | Cincor Pharma Inc COM                          | CUSIP: 17240Y109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33449 | NS      | $411088.21    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Aerogels Inc                | Aspen Aerogels Inc COM USD0.00001              | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97119 | NS      | $1145033.01   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                        | Impinj Inc COM USD0.001                        | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     31998 | NS      | $3493541.64   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Oil Corp.                  | Ranger Oil Corp. COM USD0.01                   | CUSIP: 70788V102<br>LEI: 5493003S4AVU6OSXB118 | Long             | EC               | CORP              | US        |     31611 | NS      | $1278032.73   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Hldgs Inc      | Establishment Labs Hldgs Inc COM NPV           | CUSIP: G31249108<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |     16081 | NS      | $1055717.65   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BELLUS Health Inc.                | BELLUS Health Inc. COM NPV (POST REV SPLIT)    | CUSIP: 07987C204<br>LEI: 549300QZYQDSMOXCP667 | Long             | EC               | CORP              | CA        |     39196 | NS      | $322191.12    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings Inc.       | Grid Dynamics Holdings Inc. CL A               | CUSIP: 39813G109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50817 | NS      | $570166.74    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Shyft Group Inc.                  | Shyft Group Inc. COM                           | CUSIP: 825698103<br>LEI: 549300YY0TB51BGRV994 | Long             | EC               | CORP              | US        |     50206 | NS      | $1248121.16   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Viridian Therapeutics Inc         | Viridian Therapeutics Inc COM                  | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |     39568 | NS      | $1155781.28   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Day One Biopharmaceuticals Inc.   | Day One Biopharmaceuticals Inc. COM            | CUSIP: 23954D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51820 | NS      | $1115166.40   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc.              | Payoneer Global Inc. COM                       | CUSIP: 70451X104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    328706 | NS      | $1798021.82   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Astria Therapeutics Inc           | Astria Therapeutics Inc COM                    | CUSIP: 04635X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52115 | NS      | $775992.35    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Procept Biorobotics Corp.         | Procept Biorobotics Corp. COM                  | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49448 | NS      | $2054069.92   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Biohaven Ltd                      | Biohaven Ltd COM NPV                           | CUSIP: G1110E107<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     46149 | NS      | $640548.12    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global Inc.                   | NV5 Global Inc. COM USD0.01                    | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16941 | NS      | $2241633.12   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals Inc       | Apellis Pharmaceuticals Inc COM USD0.0001      | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |      7590 | NS      | $392478.90    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BioXcel Therapeutics Inc.         | BioXcel Therapeutics Inc. COM USD0.001         | CUSIP: 09075P105<br>LEI: 549300Y25FYZ0E8LW260 | Long             | EC               | CORP              | US        |     40250 | NS      | $864570.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc.    | Crinetics Pharmaceuticals Inc. COM USD0.001    | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |    150253 | NS      | $2749629.90   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Iveric Bio Inc.                   | Iveric Bio Inc. COM                            | CUSIP: 46583P102<br>LEI: 549300GZXI59U71XPM70 | Long             | EC               | CORP              | US        |     49779 | NS      | $1065768.39   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi USA Inc.               | Kura Sushi USA Inc. COM USD0.001 CL A          | CUSIP: 501270102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26414 | NS      | $1259419.52   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Springworks Therapeutics Inc      | Springworks Therapeutics Inc COM USD0.0001     | CUSIP: 85205L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21028 | NS      | $546938.28    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc.                  | Vital Farms Inc. COM                           | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |    112284 | NS      | $1675277.28   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomea Fusion Inc                 | Biomea Fusion Inc COM                          | CUSIP: 09077A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41736 | NS      | $351834.48    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sovos Brands Inc                  | Sovos Brands Inc COM                           | CUSIP: 84612U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137557 | NS      | $1976694.09   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AirSculpt Technologies Inc.       | AirSculpt Technologies Inc. COM                | CUSIP: 009496100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67483 | NS      | $249687.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc.             | Extreme Networks Inc. COM USD0.001             | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    140123 | NS      | $2565652.13   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Aehr Test Systems                 | Aehr Test Systems COM                          | CUSIP: 00760J108<br>LEI: 529900A4GWWZFRU2RE97 | Long             | EC               | CORP              | US        |     95521 | NS      | $1919972.10   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                           | ATI Inc COM USD0.10                            | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     71225 | NS      | $2126778.50   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corporation                   | CTS Corporation COM NPV                        | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     13413 | NS      | $528740.46    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc.           | Digi International Inc. COM USD0.01            | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     66317 | NS      | $2423886.35   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.            | Dycom Industries, Inc. COM USD0.333            | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |     19053 | NS      | $1783360.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                      | Harmonic Inc COM USD0.001                      | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |    219538 | NS      | $2875947.80   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.          | Modine Manufacturing Co. COM USD0.625          | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     34335 | NS      | $681893.10    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                      | Lindsay Corp COM USD1                          | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      5716 | NS      | $930850.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Full House Resorts Inc.           | Full House Resorts Inc. COM USD0.0001          | CUSIP: 359678109<br>LEI: 5493009DKIWW0H901Y82 | Long             | EC               | CORP              | US        |     70782 | NS      | $532280.64    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc.               | Aviat Networks Inc. COM USD0.                  | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     33805 | NS      | $1054377.95   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc.            | Alphatec Holdings Inc. COM USD0.0001           | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |    142037 | NS      | $1754156.95   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus B V                         | Merus B V EUR0.09                              | CUSIP: N5749R100<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |     73139 | NS      | $1131460.33   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                        | Arcosa Inc COM USD0.01                         | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     27692 | NS      | $1504783.28   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                      | Phreesia Inc COM USD0.01                       | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     45640 | NS      | $1476910.40   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxeon Solar Technologies Limited | Maxeon Solar Technologies Limited COM NPV      | CUSIP: Y58473102<br>LEI: 5493007JPB074ITT6Y72 | Long             | EC               | CORP              | SG        |     41008 | NS      | $658588.48    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                       | Xometry Inc CLASS A COM                        | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |     66170 | NS      | $2132659.10   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Portillos Inc.                    | Portillos Inc. COM CL A                        | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28827 | NS      | $470456.64    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Udemy Inc.                        | Udemy Inc. COM                                 | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |     78066 | NS      | $823596.30    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| The Real Good Food Company Inc    | The Real Good Food Company Inc COM CL A        | CUSIP: 75601G109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77506 | NS      | $513864.78    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Construction Co Inc.     | Sterling Construction Co Inc. COM USD0.01      | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     14223 | NS      | $466514.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cutera Inc                        | Cutera Inc COM USD0.001                        | CUSIP: 232109108<br>LEI: 529900NPKPEWJWR21Z42 | Long             | EC               | CORP              | US        |     27295 | NS      | $1206984.90   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| H&E Equipment Services, Inc.      | H&E Equipment Services, Inc. USD0.01           | CUSIP: 404030108<br>LEI: 254900KVLRCDMQRYY541 | Long             | EC               | CORP              | US        |     35175 | NS      | $1596945.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company         | Matador Resources Company COM USD0.01          | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     29458 | NS      | $1686175.92   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                      | Veracyte Inc COM USD0.001                      | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     43854 | NS      | $1040655.42   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                  | A10 Networks Inc COM USD0.00001                | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     85656 | NS      | $1424459.28   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment Inc | Dave & Buster's Entertainment Inc COM USD0.01  | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |     12639 | NS      | $447926.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Playa Hotels & Resorts N V        | Playa Hotels & Resorts N V COM USD0.01         | CUSIP: N70544106<br>LEI: 529900BUP3KWPCJNLS49 | Long             | EC               | CORP              | NL        |    189255 | NS      | $1235835.15   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc.             | Celsius Holdings Inc. COM USD0.001             | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11713 | NS      | $1218620.52   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| International Money Express Inc.  | International Money Express Inc. COM USD0.0001 | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71169 | NS      | $1734388.53   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Morphic Holding Inc.              | Morphic Holding Inc. COM USD0.0001             | CUSIP: 61775R105<br>LEI: 549300RWWOUFLHTY1224 | Long             | EC               | CORP              | US        |     12889 | NS      | $344780.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc.          | Avidity Biosciences Inc. COM                   | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34431 | NS      | $764023.89    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc  | Montrose Environmental Group Inc COM           | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |     48476 | NS      | $2151849.64   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Beauty Health Company         | The Beauty Health Company COM CL A             | CUSIP: 88331L108<br>LEI: 5493001Z2JZQT4C63C50 | Long             | EC               | CORP              | US        |     31077 | NS      | $282800.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dice Therapeutics Inc             | Dice Therapeutics Inc COM                      | CUSIP: 23345J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64271 | NS      | $2005255.20   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Limited                 | Golar LNG Limited COM STK USD1.00              | CUSIP: G9456A100<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |     65437 | NS      | $1491309.23   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Networks Inc                | Calix Networks Inc COM USD0.01                 | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     46261 | NS      | $3165640.23   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Performant Financial Corp.        | Performant Financial Corp. COM                 | CUSIP: 71377E105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    149270 | NS      | $538864.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Model N Inc.                      | Model N Inc. COM USD0.00015                    | CUSIP: 607525102<br>LEI: 549300WCIL3W0EYSBN94 | Long             | EC               | CORP              | US        |     24841 | NS      | $1007550.96   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc         | Xenon Pharmaceuticals Inc COM NPV              | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |    117028 | NS      | $4614414.04   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Everi Holdings Inc                | Everi Holdings Inc USD0.001                    | CUSIP: 30034T103<br>LEI: 5299006DK5S7BG10K532 | Long             | EC               | CORP              | US        |     35622 | NS      | $511175.70    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Perion Network Ltd                | Perion Network Ltd COM ILS0.03                 | CUSIP: M78673114<br>LEI: 529900SL7HYNVD6HG708 | Long             | EC               | CORP              | IL        |     68481 | NS      | $1732569.30   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc.            | TransMedics Group Inc. COM NPV                 | CUSIP: 89377M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59176 | NS      | $3652342.72   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| C4 Therapeutics Inc               | C4 Therapeutics Inc COM STK                    | CUSIP: 12529R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27203 | NS      | $160497.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp.              | Uranium Energy Corp. COM USD0.001              | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    262465 | NS      | $1018364.20   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial                | Heritage Financial COM NPV                     | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18356 | NS      | $562427.84    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc             | ICF International Inc COM STK USD0.001         | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      7091 | NS      | $702363.55    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                  | Cytokinetics Inc COM USD0.001                  | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     19145 | NS      | $877223.90    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Edap Tms SA                       | Edap Tms SA SPONSORED ADR                      | CUSIP: 268311107<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |     84556 | NS      | $901366.96    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp.        | Dynavax Technologies Corp. COM USD0.001        | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |    112248 | NS      | $1194318.72   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| KalVista Pharmaceuticals Inc.     | KalVista Pharmaceuticals Inc. COM USD0.001     | CUSIP: 483497103<br>LEI: 529900Q7IDA3WUGRZA51 | Long             | EC               | CORP              | US        |     62045 | NS      | $419424.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Everquote Inc                     | Everquote Inc COM USD0.001 CL A                | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54971 | NS      | $810272.54    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP Group Inc.                    | BRP Group Inc. COM CL A                        | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48639 | NS      | $1222784.46   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| The Vita Coco Company Inc         | The Vita Coco Company Inc COM                  | CUSIP: 92846Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61380 | NS      | $848271.60    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc.                   | Clearfield Inc. COM STK USD0.01                | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |     29468 | NS      | $2774117.52   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc.              | MGP Ingredients Inc. COM NPV                   | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     24953 | NS      | $2654500.14   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                      | Gentherm Inc COM NPV                           | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     19145 | NS      | $1249977.05   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc.                 | Energy Fuels Inc. COM NPV                      | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |    105966 | NS      | $658048.86    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.         | Axcelis Technologies Inc. COM USD0.001         | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     43910 | NS      | $3484697.60   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc       | Inspire Medical Systems Inc COM USD0.001       | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |      7254 | NS      | $1827137.52   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Karat Packaging Inc.              | Karat Packaging Inc. COM                       | CUSIP: 48563L101<br>LEI: 549300JYUKCQP3P8D632 | Long             | EC               | CORP              | US        |     63396 | NS      | $911000.52    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Treace Medical Concepts Inc.      | Treace Medical Concepts Inc. COM               | CUSIP: 89455T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82591 | NS      | $1898767.09   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corporation               | Flywire Corporation COM VTG                    | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |     38875 | NS      | $951271.25    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventyx Biosciences Inc.           | Ventyx Biosciences Inc. COM                    | CUSIP: 92332V107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65651 | NS      | $2152696.29   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| James River Group Holdings Ltd.   | James River Group Holdings Ltd. COM USD0.0002  | CUSIP: G5005R107<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     27259 | NS      | $569985.69    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                  | E L F Beauty Inc COM USD0.01                   | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     66720 | NS      | $3689616.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals INC                  | I3 Verticals INC COM USD0.0001 CLASS A         | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     37984 | NS      | $924530.56    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc          | Revolution Medicines Inc COM                   | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     23151 | NS      | $551456.82    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Relay Therapeutics Inc            | Relay Therapeutics Inc COM                     | CUSIP: 75943R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34976 | NS      | $522541.44    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc.                   | Utz Brands Inc. COM CL A                       | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83319 | NS      | $1321439.34   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                      | Nuvalent Inc COM                               | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75190 | NS      | $2239158.20   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Xponential Fitness Inc            | Xponential Fitness Inc COM CL A                | CUSIP: 98422X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118244 | NS      | $2711334.92   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Chinook Therapeutics Inc          | Chinook Therapeutics Inc COM                   | CUSIP: 16961L106<br>LEI: 549300X0O3003W5QYQ48 | Long             | EC               | CORP              | US        |     77521 | NS      | $2031050.20   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Duckhorn Portfolio Inc        | The Duckhorn Portfolio Inc COM                 | CUSIP: 26414D106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112278 | NS      | $1860446.46   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VectivBio Holding AG              | VectivBio Holding AG COM CHF0.05               | CUSIP: H9060V101<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     43339 | NS      | $373148.79    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc.       | Huron Consulting Group Inc. COM USD0.01        | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |     24235 | NS      | $1759461.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Xpel Incorporation                | Xpel Incorporation COM                         | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |     27183 | NS      | $1632610.98   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc            | Array Technologies Inc COM SHS                 | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |     83528 | NS      | $1614596.24   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.            | Alkami Technology Inc. COM                     | CUSIP: 01644J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31947 | NS      | $466106.73    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc     | Shoals Technologies Group Inc CL A             | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58784 | NS      | $1450201.28   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Terns Pharmaceuticals Inc.        | Terns Pharmaceuticals Inc. COM                 | CUSIP: 880881107<br>LEI: 254900S1ZDQMF4MYP709 | Long             | EC               | CORP              | US        |     49977 | NS      | $508765.86    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                       | Vaxcyte Inc COM                                | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     52370 | NS      | $2511141.50   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Prometheus Biosciences Inc.       | Prometheus Biosciences Inc. COM                | CUSIP: 74349U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21685 | NS      | $2385350.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WTS. EQRX INC                     | WTS. EQRX INC                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     28521 | NC      | $7640.78      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** Driehaus Mutual Funds

**Signature:** Robert M. Kurinsky

**Name of Signer:** Robert M. Kurinsky

**Title:** Vice President and Treasurer