DHHAX Fees and Costs — Diamond Hill High Yield Fund, Class A
Data updated: 2021-08-30
The net expense ratio is 0.96%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.21% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 186%.
DHHAX Fees and Expenses
Annual operating expenses and sales charges of DHHAX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| 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) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DHHAX Costs Over Time
On $10,000 invested in DHHAX, assuming 5% a year before costs, total costs come to $601 over 5 years, cutting the return by 1.01% 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 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $601 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
DHHAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 186%
- Securities on loan, average value: $5.8M
- Net income from securities lending: $15K (0.004% of average net assets)
DHHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS HOLDINGS, INC. | $701.5M | 44.52% |
| BOFA SECURITIES, INC. | $148.0M | 9.39% |
| CITIGROUP GLOBAL MARKETS, INC | $133.5M | 8.47% |
| BARCLAYS CAPITAL, INC. | $103.8M | 6.59% |
| MORGAN STANLEY and CO., LLC | $101.3M | 6.43% |
| TRUMID FINANCIAL, LLC | $84.3M | 5.35% |
| J.P. MORGAN SECURITIES LLC | $80.6M | 5.11% |
| JEFFERIES LLC | $77.1M | 4.89% |
| CREDIT SUISSE SECURITIES LLC | $75.0M | 4.76% |
| GOLDMAN, SACHS and CO. | $70.6M | 4.48% |
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.