Diamond Hill Small Mid Cap Fund Class I

Frequently Asked Questions About DHMIX

What does DHMIX invest in?

This fund aims for significant capital growth over the long term. It typically allocates a minimum of 80% of its net assets to U.S. common stocks, specifically focusing on enterprises with small and medium market capitalizations that the investment adviser identifies as undervalued. These small and mid-cap firms are defined as those possessing market valuations, at the point of purchase, between $500 million and $10 billion, or alternatively, within the market capitalization range of companies found in the Russell 2500 Index at that same time. The adviser’s methodology centers on assessing a company's intrinsic worth independently of its prevailing stock market price.

What is the expense ratio of DHMIX?

Diamond Hill Small Mid Cap Fund Class I (DHMIX) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DHMIX?

Diamond Hill Small Mid Cap Fund Class I (DHMIX) manages $855.2M 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 DHMIX actively managed or an index fund?

DHMIX 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 (DHMIX's is 0.94%) because there's no security selection cost.

When was DHMIX launched?

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

How has DHMIX performed?

DHMIX'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.