# Diamond Hill Large Cap Fund Class Y (DHLYX): Mutual Fund Facts & Distributions

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- Issuer: Diamond Hill · Asset class: Equity
- Strategy: Passive Index · Inception: 2011-12-30

The fund aims to provide significant long-term capital appreciation. It typically allocates at least 80% of its total assets to equity securities of U.S. companies. The Adviser specifically targets large-capitalization firms that it considers to be undervalued. A company qualifies as large-cap if its market capitalization is $5 billion or greater at the point of investment, or if it falls within the market capitalization range of companies comprising the Russell 1000 Index at that same time. A core aspect of the Adviser's strategy involves evaluating a company's true worth independently fro...

## Key Facts

| Metric | Value |
|---|---|
| Price | $35.30 |
| Expense Ratio | 0.56% |
| Assets Under Management | $2.94B |
| NAV | $35.30 |
| Holdings Count | — |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $30.80 – $35.35 |
| Beta | 0.72 |

## Latest Distribution

- Amount: $0.2137 /share
- Ex-date: 2025-12-30
- Pay date: 2025-12-31

## Frequently Asked Questions

### What does DHLYX invest in?

The fund aims to provide significant long-term capital appreciation. It typically allocates at least 80% of its total assets to equity securities of U.S. companies. The Adviser specifically targets large-capitalization firms that it considers to be undervalued. A company qualifies as large-cap if its market capitalization is $5 billion or greater at the point of investment, or if it falls within the market capitalization range of companies comprising the Russell 1000 Index at that same time. A core aspect of the Adviser's strategy involves evaluating a company's true worth independently from its prevailing share price.

### What is the expense ratio of DHLYX?

Diamond Hill Large Cap Fund Class Y (DHLYX) charges an expense ratio of 0.56%. This is the annual fee deducted from fund assets to cover management and operations.

### How big is DHLYX?

Diamond Hill Large Cap Fund Class Y (DHLYX) manages $2.94B 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 DHLYX actively managed or an index fund?

DHLYX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (DHLYX's is 0.56%) because there's no security selection cost.

### When was DHLYX launched?

Diamond Hill Large Cap Fund Class Y (DHLYX) launched in December 2011 and is managed by Diamond Hill.

### How has DHLYX performed?

DHLYX'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.

### Does DHLYX pay a dividend?

Diamond Hill Large Cap Fund Class Y (DHLYX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does DHLYX pay dividends?

Diamond Hill Large Cap Fund Class Y pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is DHLYX's dividend yield?

DHLYX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is DHLYX's next ex-dividend date?

The most recently announced ex-dividend date for DHLYX was 2025-12-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will DHLYX's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.56% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does DHLYX charge its expense ratio?

The expense ratio is deducted in tiny daily slices from DHLYX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does DHLYX cost more than a fund like VOO?

DHLYX is a passive index fund (current expense ratio 0.56%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM).

### Are there cheaper alternatives to DHLYX?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DHLYX (0.56%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/dhlyx
- Distribution history: https://www.dividenddata.com/funds/dhlyx/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/dhlyx/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/dhlyx/expenses
- Peer comparison: https://www.dividenddata.com/funds/dhlyx/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.