Diamond Hill Small-Mid Cap Fund

Frequently Asked Questions About DHMAX

What does DHMAX invest in?

This fund generally allocates a minimum of 80% of its total assets to U.S. common stocks. It targets companies with small to medium market values that the fund's manager identifies as undervalued. For the purpose of this fund, small and mid-sized companies are defined as those possessing a market capitalization, at the moment of acquisition, ranging from $500 million to $10 billion. Alternatively, they may fall within the market capitalization spectrum of constituents found in the Russell 2500 Index when initially purchased. A core aspect of the Adviser's investment strategy involves assessing a company's intrinsic worth, entirely separate from its current stock price.

What is the expense ratio of DHMAX?

Diamond Hill Small-Mid Cap Fund (DHMAX) charges an expense ratio of 1.23%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DHMAX?

Diamond Hill Small-Mid Cap Fund (DHMAX) manages $858.4M 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 DHMAX actively managed or an index fund?

DHMAX 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 (DHMAX's is 1.23%) because there's no security selection cost.

When was DHMAX launched?

Diamond Hill Small-Mid Cap Fund (DHMAX) launched in January 2006 and is managed by the fund issuer.

How has DHMAX performed?

DHMAX'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.