Diamond Hill Long Short Fund Class I

Frequently Asked Questions About DHLSX

What does DHLSX invest in?

The Diamond Hill Long Short Fund Class I endeavors to achieve substantial long-term capital appreciation. It employs a long-short equity strategy, acquiring shares of U.S. companies (regardless of market capitalization) that the advisor believes are undervalued, while simultaneously short-selling U.S. equities (of any size) deemed to be overvalued. The advisor's fundamental approach centers on estimating a company's intrinsic worth independently of its current stock market price. Short-selling, a key element, is utilized when the fund anticipates a security's price will decline, involving the sale of borrowed shares with the intention of repurchasing them at a lower price at a later date.

What is the expense ratio of DHLSX?

Diamond Hill Long Short Fund Class I (DHLSX) charges an expense ratio of 1.41%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DHLSX?

Diamond Hill Long Short Fund Class I (DHLSX) manages $2.11B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DHLSX actively managed or an index fund?

DHLSX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was DHLSX launched?

Diamond Hill Long Short Fund Class I (DHLSX) launched in January 2005 and is managed by the fund issuer.

How has DHLSX performed?

DHLSX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.