# EDGAR Filing Document

**Accession Number:** 0001016073
**File Stem:** 0002066578-26-000383
**Filing Date:** 2026-2
**Character Count:** 42394
**Document Hash:** cf2d459d1de59b643c040fc87db76209
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-000383.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002066578-26-000383

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DRIEHAUS MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0001016073

**ORGANIZATION NAME:**
- **EIN:** 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:** 26675212

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

**MAIL ADDRESS:**
- **STREET 1:** 25 E. ERIE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60611

## Series and Classes Contracts Data

### Driehaus Small/Mid Cap Growth Fund (Series ID: S000068519)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000219126 | Driehaus Small/Mid Cap Growth Fund | DSMDX           |

## 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 Small/Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000068519

- **c. LEI of Series:** 254900VOPB557F5N3Z75

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $88445389.28

**Total Liabilities:** $90493.81

**Net Assets:** $88354895.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219126 | 5.89%                | -2.09%               | -1.82%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1278292.73              | $3093561.52                                |
| Month 2  | $-730286.84              | $-1072566.20                               |
| Month 3  | $-8460.05                | $-1643135.76                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Northern Institutional Funds             | Northern Institutional Funds GOVT PTFL                | CUSIP: 665278404<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1323620 | NS      | $1323619.87   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                      | Semtech Corporation COM STK USD0.01                   | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     10075 | NS      | $742426.75    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitime Corporation                       | Sitime Corporation COM                                | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3505 | NS      | $1237930.95   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc.              | Eos Energy Enterprises Inc. COM CL A                  | CUSIP: 29415C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113270 | NS      | $1298074.20   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp.                         | Rocket Lab Corp. COM                                  | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12424 | NS      | $866698.24    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Praxis Precision Medicines Inc           | Praxis Precision Medicines Inc COM NEW                | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4713 | NS      | $1389109.62   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc            | Weatherford International Plc COM USD0.001            | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     11447 | NS      | $895842.22    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics Inc.                 | Apogee Therapeutics Inc. COM                          | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13073 | NS      | $986750.04    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc.                  | TKO Group Holdings Inc. CL A                          | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4758 | NS      | $994422.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                             | Terawulf Inc COM                                      | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |     31410 | NS      | $360900.90    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                         | StoneX Group Inc COM                                  | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      5586 | NS      | $531396.18    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                           | Dutch Bros Inc CL A                                   | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8380 | NS      | $513023.60    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd       | Credo Technology Group Holding Ltd ORDINARY SHARES    | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      2468 | NS      | $355120.52    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc.                           | Nextpower Inc. CLASS A COM                            | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7077 | NS      | $616477.47    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc.                     | Karman Holdings Inc. COMMON STOCK                     | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14124 | NS      | $1033453.08   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.       | Take-Two Interactive Software Inc. COM USD0.01        | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      3050 | NS      | $780891.50    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                        | MP Materials Corp COM CL A                            | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      6913 | NS      | $349244.76    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                              | Xometry Inc CLASS A COM                               | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |     10135 | NS      | $602728.45    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Labs Pbc                          | Planet Labs Pbc COM CL A                              | CUSIP: 72703X106<br>LEI: 254900Q7PVI3HTQBRB44 | Long             | EC               | CORP              | US        |     34117 | NS      | $672787.24    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc.                        | UL Solutions Inc. CLASS A COM SHS                     | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |      9419 | NS      | $742782.34    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc.                   | TransMedics Group Inc. COM NPV                        | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |      4370 | NS      | $531610.50    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc                      | Affirm Holdings Inc COM CL A                          | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6384 | NS      | $475161.12    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Paymentus Holdings Inc                   | Paymentus Holdings Inc COM CL A                       | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17592 | NS      | $555731.28    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc.                     | AST SpaceMobile Inc. COM CL A                         | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |      7785 | NS      | $565424.55    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                        | FTAI Aviation Ltd COM USD0.01                         | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      8868 | NS      | $1745665.80   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                  | Kymera Therapeutics Inc COM                           | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5399 | NS      | $420096.19    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                    | Robinhood Markets Inc COM CL A                        | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     11298 | NS      | $1277803.80   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd.                     | Viking Holdings Ltd. ORD SHS                          | CUSIP: G93A5A101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      9277 | NS      | $662470.57    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                                  | QXO Inc COM NEW                                       | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26906 | NS      | $519016.74    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc.           | Everus Construction Group Inc. COM                    | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |      7793 | NS      | $666769.08    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Laundry Holdings Inc.           | Alliance Laundry Holdings Inc. COM                    | CUSIP: 01862Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25996 | NS      | $529018.60    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexgen Energy Ltd                        | Nexgen Energy Ltd COM                                 | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |    129773 | NS      | $1193911.60   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                             | Nuvalent Inc COM                                      | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4803 | NS      | $483133.77    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc             | Life Time Group Holdings Inc COMMON STOCK             | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15437 | NS      | $410315.46    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                            | Coherent Corp COM                                     | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      4967 | NS      | $916759.19    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Structure Therapeutics Inc               | Structure Therapeutics Inc SPONSORED ADS              | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      6756 | NS      | $469879.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                | Crane Co. COMMON STOCK                                | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      5302 | NS      | $977847.86    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc.                           | Celestica Inc. COM                                    | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      1596 | NS      | $471793.56    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics, Inc.                   | PTC Therapeutics, Inc. COM USD0.001                   | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |     11783 | NS      | $895036.68    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                     | Topbuild Corporation COM USD0.01 'WI'                 | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      1477 | NS      | $616189.63    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                    | Quanta Services, Inc. COM USD0.00001                  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      3132 | NS      | $1321891.92   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastec, Inc.                             | Mastec, Inc. COM USD0.10                              | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |      3296 | NS      | $716451.52    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                  | CACI International Inc. CLASS'A'COM USD0.10           | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1484 | NS      | $790690.04    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation         | Carpenter Technology Corporation COM USD5             | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      4676 | NS      | $1472191.84   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                            | Woodward Inc. COM USD0.00875                          | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      2237 | NS      | $676289.84    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corporation.                      | Incyte Corporation. COM USD0.001                      | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      4057 | NS      | $400709.89    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                 | Modine Manufacturing Co. COM USD0.625                 | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      2058 | NS      | $274763.58    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                   | Lumentum Holdings Inc. COM USD0.001                   | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      3505 | NS      | $1291907.95   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                  | Ormat Technologies Inc. COM STK USD0.001              | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      6674 | NS      | $737276.78    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide Inc              | C.H. Robinson Worldwide Inc COM USD0.10               | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      3251 | NS      | $522630.76    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                         | Coeur Mining Inc COM USD0.01                          | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     43998 | NS      | $784484.34    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc. | MACOM Technology Solutions Holdings Inc. COM USD0.001 | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3841 | NS      | $657886.48    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                         | Pure Storage Inc COM USD0.0001 CL A                   | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      3356 | NS      | $224885.56    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                      | Planet Fitness Inc. COM USD0.0001 A                   | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      3833 | NS      | $415765.51    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                   | Guidewire Software Inc COM USD0.0001                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      1365 | NS      | $274378.65    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                           | Globus Med Inc COM USD0.001 CL 'A'                    | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      5295 | NS      | $462306.45    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc        | Allison Transmission Holdings Inc COM USD0.01         | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      4519 | NS      | $442410.10    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                 | Comfort Systems USA Inc. COM USD0.01                  | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1253 | NS      | $1169412.37   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.              | Casey'S General Stores Inc. COM NPV                   | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      1350 | NS      | $746158.50    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                  | ATI Inc COM USD0.10                                   | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      6727 | NS      | $771990.52    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                     | Curtiss-Wright Corp. COM USD1                         | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      2468 | NS      | $1360534.36   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                              | Rambus Inc. COM USD0.001                              | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      8330 | NS      | $765443.70    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                     | Onto Innovation Inc. COM                              | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      3952 | NS      | $623862.72    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                               | Impinj Inc COM USD0.001                               | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      6794 | NS      | $1182223.94   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                      | Axon Enterprise Inc COM USD0.00001                    | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2289 | NS      | $1299991.77   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                | Argenx SE SPON ADR EACH REP 1 ORD SHS                 | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       537 | NS      | $451590.15    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                             | Tapestry Inc COM USD0.01                              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      7435 | NS      | $949969.95    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                   | Boot Barn Holdings Inc COM USD0.0001                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      3544 | NS      | $625409.68    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc.           | Crinetics Pharmaceuticals Inc. COM USD0.001           | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     39084 | NS      | $1819360.20   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                      | Guardant Health Inc COM USD0.00001                    | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     21753 | NS      | $2221851.42   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                | Teledyne Technologies Inc COM USD0.01                 | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       850 | NS      | $434120.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                           | Exelixis, Inc. COM USD0.001                           | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     10664 | NS      | $467403.12    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                    | Flowserve Corporation COM USD1.25                     | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |      9627 | NS      | $667921.26    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                     | Thor Industries Inc. COM USD0.10                      | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      4340 | NS      | $445587.80    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.           | Lincoln Electric Holdings Inc. COM NPV                | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      3296 | NS      | $789853.44    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc               | Neurocrine Biosciences Inc COM USD0.001               | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      4594 | NS      | $651567.02    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                            | Teradyne Inc. COM USD0.125                            | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      6861 | NS      | $1328015.16   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                       | Cameco Corporation COM NPV                            | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     13147 | NS      | $1202819.03   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                               | Carvana Co COM USD0.001 CL A                          | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      4318 | NS      | $1822282.36   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc               | Rhythm Pharmaceuticals Inc COM USD0.001               | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |      3960 | NS      | $423878.40    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                             | IAMGOLD Corp COM NPV                                  | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |     29747 | NS      | $490528.03    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.             | Alnylam Pharmaceuticals Inc. COM USD0.01              | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      2222 | NS      | $883578.30    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.            | Somnigroup International Inc. COM USD0.01             | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     14542 | NS      | $1298309.76   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc              | Sterling Infrastructure Inc COM USD0.01               | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      1760 | NS      | $538964.80    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc.                | Corcept Therapeutics Inc. COM STK USD0.00001          | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |      5996 | NS      | $208660.80    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                         | RBC Bearings Inc COM STK USD0.01                      | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2148 | NS      | $963227.64    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc               | Grand Canyon Education Inc COM USD0.01                | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      2968 | NS      | $493608.08    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                               | Insmed Inc COM USD0.01                                | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      3341 | NS      | $581467.64    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc.                              | Natera Inc. COM USD0.0001                             | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7681 | NS      | $1759640.29   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc.                    | Celsius Holdings Inc. COM USD0.001                    | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10701 | NS      | $489463.74    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corporation                 | Bloom Energy Corporation COM USD0.0001 CL A           | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      4683 | NS      | $406905.87    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                 | Saia Inc COM USD0.001                                 | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      1305 | NS      | $426108.60    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                             | Evercore Inc COM USD0.01 CLASS 'A'                    | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      2737 | NS      | $931264.25    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.         | Armstrong World Industries, Inc. COM STK USD0.01      | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      4363 | NS      | $833769.30    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                           | Five Below Inc COM USD0.01                            | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      4191 | NS      | $789416.76    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                              | Wayfair Inc COM USD0.001 A                            | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |      4534 | NS      | $455258.94    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                | Xenon Pharmaceuticals Inc COM NPV                     | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |     19158 | NS      | $858661.56    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                     | Bridgebio Pharma Inc COM USD0.001                     | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     12394 | NS      | $948017.06    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                      | AeroVironment, Inc. COM USD0.0001                     | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      4020 | NS      | $972397.80    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                      | Insulet Corporation COM STK USD0.001                  | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      1564 | NS      | $444551.36    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                       | InterDigital, Inc. COM STK USD0.01                    | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      3423 | NS      | $1089814.74   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                      | Ascendis Pharma A/S SPON ADR EACH REP 1 ORD SHS       | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      4937 | NS      | $1052765.88   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wave Life Sciences Ltd.                  | Wave Life Sciences Ltd. COM NPV                       | CUSIP: Y95308105<br>LEI: 54930070006GPKFYZ813 | Long             | EC               | CORP              | SG        |     26727 | NS      | $454359.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                                 | Roku Inc COM USD0.0001 CLASS A                        | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |      5668 | NS      | $614921.32    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                          | Ulta Beauty Inc COM STK USD0.01                       | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       746 | NS      | $451337.46    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                          | Dollar Tree Inc COM USD0.01                           | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      3766 | NS      | $463255.66    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc             | Advanced Drainage System Inc COM USD0.01              | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      4191 | NS      | $606982.53    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                    | BWX Technologies Inc. COM USD0.01                     | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      4385 | NS      | $757903.40    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc            | Arrowhead Pharmaceuticals Inc COM USD0.001            | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     18718 | NS      | $1242688.02   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                           | TechnipFMC PLC USD1                                   | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     15027 | NS      | $669603.12    | 0.76%             |  |  |  | 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        |      3878 | NS      | $357667.94    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                 | Fabrinet COM USD0.01                                  | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      2013 | NS      | $916478.64    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation             | Antero Resources Corporation USD0.01                  | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     18412 | NS      | $634477.52    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Driehaus Mutual Funds

**Signature:** Robert M. Kurinsky

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

**Title:** Vice President and Treasurer