Diamond Hill Small Mid Cap Fund Investor Share (DHMAX)

Fund Assets	478.58M
Expense Ratio	1.23%
Min. Investment	$2,500
Turnover	44.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	Dec 12, 2025

Previous Close	26.98
YTD Return	5.66%
1-Year Return	8.04%
5-Year Return	21.46%
52-Week Low	24.63
52-Week High	28.71
Beta (5Y)	1.31
Holdings	62
Inception Date	Dec 31, 2005

About DHMAX

Diamond Hill Small-Mid Cap Fund Investor Class is an actively managed mutual fund focused on achieving long-term capital appreciation through investments in U.S. companies with small to mid-sized market capitalizations. Typically, the portfolio targets firms valued between $500 million and $10 billion at the time of purchase, emphasizing businesses that Diamond Hill Capital Management believes are undervalued relative to their intrinsic worth. The fund takes a bottom-up, research-driven approach, analyzing company fundamentals such as earnings, revenue growth, operating margins, and industry dynamics to identify opportunities with a margin of safety. Its strategy is sector-agnostic, meaning holdings are selected based on conviction rather than benchmark sector weights. The fund often holds a concentrated portfolio, with significant allocations to its highest-conviction positions. Diamond Hill’s disciplined process and commitment to intrinsic value aim to deliver stable returns over the long term, while navigating the higher volatility and liquidity risks often associated with small- and mid-cap equities. As part of the U.S. mid-cap value category, the fund plays a vital role for investors seeking diversification and growth potential outside large-cap stocks.

• Fund Family: Diamond Hill Funds
• Category: Small Value
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: DHMAX
• Share Class: Investor
• Index: Russell 2500 TR

Performance

DHMAX had a total return of 8.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.45%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
DHMYX	Class Y	0.81%
DHMIX	Class I	0.94%

Top 10 Holdings

30.92% of assets

Name	Symbol	Weight
State Street Instl US Govt MMkt Premier	GVMXX	4.73%
Antero Resources Corporation	AR	3.73%
Humana Inc.	HUM	3.59%
Waystar Holding Corp.	WAY	3.03%
Regal Rexnord Corporation	RRX	3.02%
CubeSmart	CUBE	2.99%
TransUnion	TRU	2.70%
Illumina, Inc.	ILMN	2.50%
Red Rock Resorts, Inc.	RRR	2.48%
Post Holdings, Inc.	POST	2.16%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 12, 2025	$1.5946	Dec 15, 2025
Dec 30, 2024	$0.2539	Dec 31, 2024
Dec 12, 2024	$1.718	Dec 13, 2024
Dec 28, 2023	$0.0659	Dec 29, 2023
Dec 14, 2023	$0.1869	Dec 15, 2023
Dec 29, 2022	$0.1188	Dec 30, 2022

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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