Diamond Hill Long Short Fund Class I (DHLSX)
| Fund Assets | 2.29B |
| Expense Ratio | 1.46% |
| Min. Investment | $2,500 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 1.64% |
| Dividend Growth | -79.90% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 31.45 |
| YTD Return | -1.41% |
| 1-Year Return | 14.02% |
| 5-Year Return | 55.81% |
| 52-Week Low | 25.66 |
| 52-Week High | 32.03 |
| Beta (5Y) | n/a |
| Holdings | 100 |
| Inception Date | Jan 31, 2005 |
About DHLSX
Diamond Hill Long-Short Fund Class I is an actively managed mutual fund in the alternatives category that pursues long-term capital appreciation through a research-driven long/short equity approach. The strategy invests long in U.S. companies the adviser deems undervalued relative to intrinsic value, emphasizing durable competitive advantages, prudent balance sheets, and owner-oriented management, while shorting businesses considered overvalued or structurally weaker. The portfolio is typically long-biased, seeking long positions that outperform the Russell 1000 Index and short positions that underperform, reflecting a philosophy that market price and intrinsic value converge over time. Guidelines indicate diversified exposure across market capitalizations with defined ranges for long and short allocations and a cap on gross market exposure, helping manage risk and market sensitivity. This fund serves investors looking to complement core equity holdings with a differentiated return stream and potential downside mitigation via short positions, grounded in bottom-up fundamental analysis and an intrinsic value discipline. It occupies a role within alternative strategies as a flexible equity allocation designed to balance opportunity capture with risk control through active security selection on both sides of the book.
Performance
DHLSX had a total return of 14.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.15%.
Top 10 Holdings
71.69% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash | n/a | 32.89% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 10.17% |
| Alphabet Inc. | GOOGL | 4.48% |
| Microsoft Corporation | MSFT | 4.22% |
| American International Group, Inc. | AIG | 3.93% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 3.88% |
| Meta Platforms, Inc. | META | 3.85% |
| Citigroup Inc. | C | 3.76% |
| Zoetis Inc. | ZTS | 2.32% |
| Salesforce, Inc. | CRM | 2.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.4957 | Dec 31, 2025 |
| Dec 12, 2025 | $0.0197 | Dec 15, 2025 |
| Dec 30, 2024 | $0.6586 | Dec 31, 2024 |
| Dec 12, 2024 | $1.9055 | Dec 13, 2024 |
| Dec 28, 2023 | $0.6052 | Dec 29, 2023 |
| Dec 14, 2023 | $0.5149 | Dec 15, 2023 |