Diamond Hill Long-Short I (DHLSX)

Fund Assets	2.13B
Expense Ratio	1.468%
Min. Investment	$2,500
Turnover	67.00%
Dividend (ttm)	0.50
Dividend Yield	1.56%
Dividend Growth	-24.73%
Payout Frequency	n/a
Ex-Dividend Date	Dec 30, 2025

Previous Close	31.35
YTD Return	-0.35%
1-Year Return	5.03%
5-Year Return	37.15%
52-Week Low	29.17
52-Week High	32.31
Beta (5Y)	0.87
Holdings	89
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.

• Fund Family: Diamond Hill Funds
• Category: Alt Long/Short Eq
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: DHLSX
• Share Class: Class I
• Index: Russell 1000 TR USD

Performance

DHLSX had a total return of 5.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.80%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
DIAYX	Class Y	1.28%
DIAMX	Investor	1.70%

Top 10 Holdings

72.54% of assets

Name	Symbol	Weight
Ss Cash Financing	n/a	34.17%
State Street Instl US Govt MMkt Premier	GVMXX	7.39%
Microsoft Corporation	MSFT	5.76%
Taiwan Semiconductor Manufacturing Company Limited	TSM	4.45%
Meta Platforms, Inc.	META	4.20%
Alphabet Inc.	GOOGL	4.02%
American International Group, Inc.	AIG	3.44%
Gartner, Inc.	IT	3.12%
SentinelOne, Inc.	S	3.06%
Zoetis Inc.	ZTS	2.92%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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