DHMCX Fees and Costs — Diamond Hill Small-Mid Cap Fund, Class C
Data updated: 2026-08-31
The net expense ratio is 1.96%: a 0.75% management fee, a 1.00% 12b-1 fee plus 0.21% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $398K in broker commissions, 0.0427% of average net assets, and portfolio turnover was 44%.
DHMCX Fees and Expenses
Annual operating expenses and sales charges of DHMCX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.97% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.96% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DHMCX Costs Over Time
On $10,000 invested in DHMCX, assuming 5% a year before costs, total costs come to $1,228 over 5 years, cutting the return by 2.10% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.96%) | $206 | $635 | $1,090 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $32 | $114 |
| Total costs | $313 | $682 | $1,228 |
| Value after costs | $10,187 | $10,895 | $11,535 |
| Impact on return, per year | 3.13% | 2.10% | 2.10% |
DHMCX 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): 0.0427%
- Total broker commissions: $398K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $108.2M
- Net income from securities lending: $180K (0.019% of average net assets)
DHMCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO | $182K | 49.80% |
| JEFFERIES LLC | $52K | 14.35% |
| THEMIS TRADING LLC | $37K | 10.27% |
| MORGAN STANLEY & CO., LLC | $21K | 5.82% |
| BTIG LLC | $17K | 4.58% |
| COWEN AND COMPANY LLC | $16K | 4.45% |
| BIDS TRADING LP | $10K | 2.81% |
| JONES TRADING INSTITUTIONAL SERVICES LLC | $10K | 2.72% |
| RBC CAPITAL MARKETS LLC | $10K | 2.69% |
| WELLS FARGO SECURITIES, LLC | $9K | 2.51% |
Diamond Hill Small-Mid 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 |
|---|---|---|---|
| DHMYX | Class Y | 0.81% | — |
| DHMIX | Class I | 0.94% | — |
| DHMAX | Investor Class | 1.23% | — |
| DHMCX | Class C | 1.96% | none |
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.