# Driehaus Event Driven Fund (DEVDX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/devdx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2013-08-23 The fund aims to deliver consistent positive returns across complete market cycles. It employs an actively managed, event-driven strategy, where its investment advisor seeks to capitalize on identified mispricings or inefficiencies within both U.S. and global equity and fixed-income markets. This fund maintains a non-diversified portfolio. ## Key Facts | Metric | Value | |---|---| | Price | $11.30 | | Expense Ratio | 1.43% | | Assets Under Management | $93.2M | | NAV | $11.30 | | Holdings Count | — | | Distribution Yield (TTM) | 16.48% | | Annual Distribution (TTM) | $1.86 /share | | Distribution Frequency | Irregular | | 52-Week Range | $11.26 – $13.38 | | Beta | 0.20 | ## Latest Distribution - Amount: $0.2022 /share - Ex-date: 2026-02-13 - Pay date: 2026-02-13 ## Frequently Asked Questions ### What does DEVDX invest in? The fund aims to deliver consistent positive returns across complete market cycles. It employs an actively managed, event-driven strategy, where its investment advisor seeks to capitalize on identified mispricings or inefficiencies within both U.S. and global equity and fixed-income markets. This fund maintains a non-diversified portfolio. ### What is the expense ratio of DEVDX? Driehaus Event Driven Fund (DEVDX) charges an expense ratio of 1.43%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DEVDX? Driehaus Event Driven Fund (DEVDX) manages $93.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DEVDX actively managed or an index fund? DEVDX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DEVDX's is 1.43%) in exchange for the discretion to over- or under-weight positions. ### When was DEVDX launched? Driehaus Event Driven Fund (DEVDX) launched in August 2013 and is managed by the fund issuer. ### How has DEVDX performed? DEVDX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DEVDX pay a dividend? Driehaus Event Driven Fund (DEVDX) currently distributes little or no income. Trailing-twelve-month yield is 16.48%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DEVDX pay dividends? Driehaus Event Driven Fund pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DEVDX's dividend yield? DEVDX's trailing-twelve-month yield is 16.48%, calculated from the sum of dividends over the past year divided by the current price. ### When is DEVDX's next ex-dividend date? The most recently announced ex-dividend date for DEVDX was 2026-02-13. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will DEVDX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.43% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DEVDX charge its expense ratio? The expense ratio is deducted in tiny daily slices from DEVDX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DEVDX cost more than a fund like VOO? DEVDX is actively managed (current expense ratio 1.43%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DEVDX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DEVDX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DEVDX (1.43%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/devdx - Distribution history: https://www.dividenddata.com/funds/devdx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/devdx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/devdx/expenses - Peer comparison: https://www.dividenddata.com/funds/devdx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.