DHLRX Fees and Costs — Diamond Hill Large Cap Fund, Class I
Data updated: 2026-08-31
The net expense ratio is 0.69%: a 0.50% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.9M in broker commissions, 0.0233% of average net assets, and portfolio turnover was 45%.
DHLRX Fees and Expenses
Annual operating expenses and sales charges of DHLRX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
DHLRX Costs Over Time
On $10,000 invested in DHLRX, assuming 5% a year before costs, total costs come to $449 over 5 years, cutting the return by 0.75% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $449 |
| Value after costs | $10,425 | $11,330 | $12,314 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
DHLRX 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): 0.0233%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $171.5M
- Net income from securities lending: $304K (0.004% of average net assets)
DHLRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO | $440K | 30.37% |
| JEFFERIES LLC | $288K | 19.90% |
| EVERCORE GROUP LLC | $127K | 8.79% |
| SANFORD C BERNSTEIN & CO LLC | $103K | 7.09% |
| WELLS FARGO SECURITIES, LLC | $95K | 6.58% |
| BARCLAYS CAPITAL INC | $93K | 6.39% |
| J P MORGAN SECURITIES LLC | $86K | 5.97% |
| BOFA SECURITIES INC | $77K | 5.34% |
| MORGAN STANLEY & CO LLC | $70K | 4.81% |
| ROBERT W. BAIRD & CO., INC. | $69K | 4.77% |
Diamond Hill Large Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DHLYX | Class Y | 0.56% | — |
| DHLRX | Class I | 0.69% | — |
| DHLAX | Investor Class | 0.98% | — |
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.