Diamond Hill Long-Short I (DHLSX)
| Fund Assets | 2.22B |
| Expense Ratio | 1.41% |
| Min. Investment | $2,500 |
| Turnover | 67.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 1.71% |
| Dividend Growth | -79.90% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 30.33 |
| YTD Return | -4.65% |
| 1-Year Return | 3.39% |
| 5-Year Return | 35.80% |
| 52-Week Low | 29.17 |
| 52-Week High | 32.31 |
| Beta (5Y) | 0.87 |
| Holdings | 95 |
| 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 3.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.67%.
Top 10 Holdings
75.63% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash | n/a | 34.92% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 9.15% |
| Microsoft Corporation | MSFT | 5.34% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 5.02% |
| Alphabet Inc. | GOOGL | 4.31% |
| Meta Platforms, Inc. | META | 4.27% |
| American International Group, Inc. | AIG | 3.70% |
| Citigroup Inc. | C | 3.24% |
| Amazon.com, Inc. | AMZN | 3.03% |
| Abbott Laboratories | ABT | 2.64% |
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 |