DHFAX Fees and Costs — Diamond Hill Large Cap Concentrated Fund, Investor Class
Data updated: 2025-08-29
The net expense ratio is 0.96%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $4K in broker commissions, 0.0129% of average net assets, and portfolio turnover was 40%.
DHFAX Fees and Expenses
Annual operating expenses and sales charges of DHFAX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 |
DHFAX Costs Over Time
On $10,000 invested in DHFAX, assuming 5% a year before costs, total costs come to $609 over 5 years, cutting the return by 1.02% 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 0.96%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $335 | $609 |
| Value after costs | $10,398 | $11,242 | $12,154 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
DHFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0129%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $11K
- Net income from securities lending: $28 (0.000% of average net assets)
DHFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO | $1K | 37.14% |
| JEFFERIES LLC | $814 | 21.45% |
| J P MORGAN SECURITIES LLC | $467 | 12.30% |
| WELLS FARGO SECURITIES, LLC | $370 | 9.74% |
| COWEN AND COMPANY LLC | $314 | 8.28% |
| EVERCORE GROUP LLC | $101 | 2.67% |
| MORGAN STANLEY AND CO LLC | $97 | 2.57% |
| BOFA SECURITIES, INC. | $92 | 2.43% |
| PENSERRA SECURITIES LLC | $76 | 2.01% |
| KEYBANC CAPITAL MARKETS, INC | $54 | 1.41% |
Diamond Hill Large Cap Concentrated Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DHFYX | Class Y | 0.55% | — |
| DHFIX | Class I | 0.67% | — |
| DHFAX | Investor Class | 0.96% | — |
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.