# Diamond Hill Small Mid Cap Fund Class I (DHMIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dhmix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Diamond Hill · Asset class: Equity - Strategy: Passive Index · Inception: 2006-01-03 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... ## Key Facts | Metric | Value | |---|---| | Price | $28.62 | | Expense Ratio | 0.94% | | Assets Under Management | $874.2M | | NAV | $28.62 | | Holdings Count | — | | Distribution Yield (TTM) | 5.57% | | Annual Distribution (TTM) | $1.59 /share | | Distribution Frequency | Annual | | 52-Week Range | $24.89 – $29.03 | | Beta | 0.93 | ## Latest Distribution - Amount: $1.5946 /share - Ex-date: 2025-12-12 - Pay date: 2025-12-15 ## Frequently Asked Questions ### 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 $874.2M 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 Diamond Hill. ### 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. ### Does DHMIX pay a dividend? Diamond Hill Small Mid Cap Fund Class I (DHMIX) currently distributes little or no income. Trailing-twelve-month yield is 5.57%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DHMIX pay dividends? Diamond Hill Small Mid Cap Fund Class I pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DHMIX's dividend yield? DHMIX's trailing-twelve-month yield is 5.57%, calculated from the sum of dividends over the past year divided by the current price. ### When is DHMIX's next ex-dividend date? The most recently announced ex-dividend date for DHMIX was 2025-12-12. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will DHMIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.94% 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 DHMIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from DHMIX'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 DHMIX cost more than a fund like VOO? DHMIX is a passive index fund (current expense ratio 0.94%). 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 DHMIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DHMIX (0.94%) 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/dhmix - Distribution history: https://www.dividenddata.com/funds/dhmix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dhmix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dhmix/expenses - Peer comparison: https://www.dividenddata.com/funds/dhmix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.