DSIAX Fees and Costs — Diamond Hill Corporate Credit Fund, Corporate Credit Fund Class A
Data updated: 2021-08-30
The net expense ratio is 0.92%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.21% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 173%.
DSIAX Fees and Expenses
Annual operating expenses and sales charges of DSIAX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DSIAX Costs Over Time
On $10,000 invested in DSIAX, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $576 |
| Value after costs | $10,403 | $11,260 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
DSIAX 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): $5.2B
- Portfolio turnover (prospectus): 173%
- Securities on loan, average value: $36.5M
- Net income from securities lending: $124K (0.009% of average net assets)
DSIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS HOLDINGS, INC. | $1.8B | 41.10% |
| BOFA SECURITIES, INC. | $418.0M | 9.70% |
| CITIGROUP GLOBAL MARKETS, INC | $369.0M | 8.56% |
| BARCLAYS CAPITAL, INC. | $324.8M | 7.53% |
| MORGAN STANLEY and CO., LLC | $297.3M | 6.90% |
| TRUMID FINANCIAL, LLC | $266.8M | 6.19% |
| J.P. MORGAN SECURITIES LLC | $237.7M | 5.51% |
| GOLDMAN, SACHS and CO. | $224.5M | 5.21% |
| CREDIT SUISSE SECURITIES LLC | $202.0M | 4.69% |
| JEFFERIES LLC | $199.2M | 4.62% |
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.