DHLTX Fees and Costs — Diamond Hill Select Fund, Class I
Data updated: 2026-08-31
The net expense ratio is 0.89%: a 0.70% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $162K in broker commissions, 0.0285% of average net assets, and portfolio turnover was 50%.
DHLTX Fees and Expenses
Annual operating expenses and sales charges of DHLTX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| 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 |
DHLTX Costs Over Time
On $10,000 invested in DHLTX, assuming 5% a year before costs, total costs come to $575 over 5 years, cutting the return by 0.96% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $316 | $575 |
| Value after costs | $10,404 | $11,260 | $12,187 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
DHLTX 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): 0.0285%
- Total broker commissions: $162K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $21.9M
- Net income from securities lending: $47K (0.008% of average net assets)
DHLTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $35K | 25.95% |
| PIPER SANDLER & CO | $30K | 22.10% |
| MORGAN STANLEY & CO., LLC | $15K | 11.32% |
| J.P. MORGAN SECURITIES LLC | $14K | 9.96% |
| THEMIS TRADING LLC | $11K | 8.31% |
| COWEN AND COMPANY LLC | $10K | 7.18% |
| PENSERRA SECURITIES LLC | $6K | 4.74% |
| ROBERT W. BAIRD & CO., INC. | $5K | 3.93% |
| KEYBANC CAPITAL MARKETS, INC. | $5K | 3.64% |
| BOFA SECURITIES, INC. | $4K | 2.86% |
Diamond Hill Select Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DHTYX | Class Y | 0.76% | — |
| DHLTX | Class I | 0.89% | — |
| DHTAX | Investor Class | 1.18% | — |
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.