DHEAX Fees and Costs — Diamond Hill Short Duration Securitized Bond Fund, Investor Class
Data updated: 2026-08-31
The net expense ratio is 0.82%: a 0.35% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 37%.
DHEAX Fees and Expenses
Annual operating expenses and sales charges of DHEAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.82% |
| Fee waiver | — |
| Net expense ratio | 0.82% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DHEAX Costs Over Time
On $10,000 invested in DHEAX, assuming 5% a year before costs, total costs come to $515 over 5 years, cutting the return by 0.86% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.82%) | $86 | $269 | $468 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $515 |
| Value after costs | $10,414 | $11,294 | $12,248 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
DHEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $57.2M
- Net income from securities lending: $77K (0.002% of average net assets)
DHEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN SECURITIES LLC | $445.1M | 18.15% |
| GOLDMAN SACHS & CO | $354.8M | 14.47% |
| BARCLAYS CAPITAL INC | $306.1M | 12.48% |
| CITIGROUP GLOBAL MARKETS, INC | $239.2M | 9.76% |
| JEFFERIES & CO | $239.0M | 9.74% |
| WELLS FARGO SECURITIES LLC | $212.7M | 8.67% |
| BOFA SECURITIES, INC. | $190.4M | 7.76% |
| NOMURA SECURITIES INTERNATIONAL INC | $174.6M | 7.12% |
| DEUTSCHE BANK SECURITIES, INC. | $160.9M | 6.56% |
| STONEX FINANCIAL INC. | $129.4M | 5.28% |
Diamond Hill Short Duration Securitized Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DHEYX | Class Y | 0.40% | — |
| DHEIX | Class I | 0.53% | — |
| DHEAX | Investor Class | 0.82% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.