DHRAX Fees and Costs — Diamond Hill Core Bond Fund, Investor Class
Data updated: 2026-08-31
The net expense ratio is 0.77%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 18%.
DHRAX Fees and Expenses
Annual operating expenses and sales charges of DHRAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.77% |
| Fee waiver | — |
| Net expense ratio | 0.77% |
| 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 |
DHRAX Costs Over Time
On $10,000 invested in DHRAX, assuming 5% a year before costs, total costs come to $484 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $484 |
| Value after costs | $10,419 | $11,311 | $12,279 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
DHRAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $73.0M
- Net income from securities lending: $119K (0.005% of average net assets)
DHRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC | $199.4M | 16.88% |
| MORGAN STANLEY & CO LLC | $151.0M | 12.78% |
| CITADEL SECURITIES INSTITUTIONAL, LLC | $147.9M | 12.52% |
| STONEX FINANCIAL INC. | $141.7M | 12.00% |
| BARCLAYS CAPITAL INC | $122.9M | 10.40% |
| J P MORGAN SECURITIES LLC | $110.2M | 9.33% |
| CITIGROUP GLOBAL MARKETS INC | $100.0M | 8.46% |
| GOLDMAN SACHS & CO | $78.6M | 6.66% |
| NOMURA SECURITIES INTERNATIONAL INC | $69.3M | 5.87% |
| DEUTSCHE BANK SECURITIES, INC. | $60.4M | 5.11% |
Diamond Hill Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DHRYX | Class Y | 0.35% | — |
| DHRIX | Class I | 0.48% | — |
| DHRAX | Investor Class | 0.77% | — |
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.