Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

Should You Invest in High-Yield Bond Mutual Funds?

Mutualfunds logo

DHLYX Diamond Hill Large Cap Y

  • Fund
  • DHLYX
  • Price as of: Oct 18, 2017
  • $26.62
  • + $0.05
  • + 0.19%
  • Category
  • Large Cap Value Equities

DHLYX - Profile

Vitals

  • YTD Return 14.7%
  • 3 Yr Annualized Return 11.1%
  • 5 Yr Annualized Return 14.8%
  • Net Assets $5.4 B
  • Holdings in Top 10 32.3%

52 WEEK LOW AND HIGH

$26.62
$22.60
$26.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

$500,000

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 14.7%
  • 3 Yr Annualized Total Return 11.1%
  • 5 Yr Annualized Total Return 14.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.49%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Diamond Hill Large Cap Fund
  • Fund Family Name Diamond Hill Funds
  • Inception Date Dec 30, 2011
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Charles S. Bath

Fund Description

The fund normally invests at least 80% of its net assets in U.S. equity securities with large market capitalizations that the Adviser believes are undervalued. Large cap companies are defined as companies with market capitalizations at the time of purchase of $5 billion or greater, or in the range of those market capitalizations of companies included in the Russell 1000 Index at the time of purchase. The Adviser focuses on estimating a company's value independent of its current stock price.

DHLYX - Performance

Return Ranking - Trailing

Period DHLYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.7% -83.3% 35.3% 7.03% 1
1 Yr 20.7% -77.9% 197.4% 12.75% 1
3 Yr 11.1% * -43.3% 33.5% 2.52% 1
5 Yr 14.8% * -26.8% 23.7% 4.79% 1
10 Yr 7.6% * -16.7% 9.2% 4.11% 1

* Annualized


Return Ranking - Calendar

Period DHLYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.7% -40.1% 180.5% 64.53% 4
2015 -5.6% -47.3% 9.6% 18.13% 2
2014 5.8% -46.4% 35.3% 33.68% 2
2013 30.1% -13.6% 45.0% 29.34% 2
2012 N/A -22.7% 35.8% N/A N/A

Total Return Ranking - Trailing

Period DHLYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.7% -83.3% 35.3% 7.04% 1
1 Yr 20.7% -77.9% 197.4% 10.08% 1
3 Yr 11.1% * -37.7% 50.4% 2.72% 1
5 Yr 14.8% * -16.9% 43.5% 4.26% 1
10 Yr 7.6% * -11.4% 16.7% 3.99% 1

* Annualized


Total Return Ranking - Calendar

Period DHLYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.7% -23.8% 187.5% 72.49% 4
2015 -0.8% -26.0% 39.5% 10.89% 1
2014 7.5% -14.3% 57.4% 86.62% 5
2013 43.1% 0.0% 289.2% 35.13% 2
2012 N/A -21.5% 528.1% N/A N/A

NAV & Total Return History

DHLYX - Holdings

Filings data as of: Aug 31, 2017

Concentration Analysis

DHLYX Category Low Category High DHLYX % Rank Quintile
Net Assets 5.4 B 273 K 95.9 B 4.19% 1
Number of Holdings 51 1 918 12.75% 4
Net Assets in Top 10 1.68 B 0 26.6 B 3.43% 1
Weighting of Top 10 32.3% 0.0% 100.1% 9.80% 2

Top 10 Holdings

  1. Procter & Gamble Co 2.67%
  2. United Technologies Corp 3.21%
  3. Citigroup Inc 4.17%
  4. Pfizer Inc 2.96%
  5. Abbott Laboratories 4.11%
  6. JPMorgan Chase & Co 3.40%
  7. Morgan Stanley 2.90%
  8. Alphabet Inc A 2.89%
  9. Microsoft Corp 3.08%
  10. Philip Morris International Inc 2.93%

Asset Allocation

Weighting Category Low Category High DHLYX % Rank Quintile
Stocks
98.27% 0.00% 135.92% 8.85% 2
Cash
1.73% -35.92% 100.00% 15.03% 3
Preferred Stocks
0.00% 0.00% 33.29% 4.00% 5
Other
0.00% -4.31% 31.14% 9.99% 5
Convertible Bonds
0.00% 0.00% 74.22% 1.14% 4
Bonds
0.00% 0.00% 71.67% 4.85% 5

Stock Sector Breakdown

Weighting Category Low Category High DHLYX % Rank Quintile
Financial Services
27.18% 0.00% 42.29% 6.10% 2
Consumer Cyclical
15.54% 0.00% 37.53% 2.19% 1
Healthcare
13.63% 0.00% 29.91% 13.25% 3
Consumer Defense
11.92% 0.00% 33.41% 3.62% 1
Technology
10.55% 0.00% 29.75% 15.16% 3
Industrials
10.08% 0.00% 34.96% 12.87% 3
Communication Services
4.01% 0.00% 13.84% 10.58% 2
Basic Materials
3.52% 0.00% 19.17% 12.01% 3
Energy
1.85% 0.00% 18.43% 27.74% 5
Utilities
0.00% -0.24% 82.22% 24.02% 5
Real Estate
0.00% -0.40% 21.79% 21.07% 5

Stock Geographic Breakdown

Weighting Category Low Category High DHLYX % Rank Quintile
US
98.27% 0.00% 134.62% 4.00% 1
Non US
0.00% 0.00% 97.41% 27.88% 5

DHLYX - Expenses

Operational Fees

DHLYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.60% 0.05% 21.67% 19.89% 1
Management Fee 0.50% 0.00% 1.20% 4.66% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.08% 0.00% 0.50% 4.32% 2

Sales Fees

DHLYX Fees (% of AUM) Category Low Category High DHLYX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

DHLYX Fees (% of AUM) Category Low Category High DHLYX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DHLYX Fees (% of AUM) Category Low Category High DHLYX Rank Quintile
Turnover 23.00% 0.00% 229.00% 12.18% 2

DHLYX - Distributions

Dividend Yield Analysis

DHLYX Category Low Category High DHLYX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.76% 34.07% 2

Dividend Distribution Analysis

DHLYX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DHLYX Category Low Category High DHLYX % Rank Quintile
Net Income Ratio 1.49% -2.34% 4.47% 13.23% 3

Capital Gain Distribution Analysis

DHLYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

DHLYX - Managers

Charles S. Bath

Lead Manager

Start Date

Oct 31, 2002

Tenure

14.93

Tenure Rank

2.4%

Mr. Bath has a Bachelor of Science degree in Accounting from Miami University, a Masters degree in Business Administration from The Ohio State University, and holds the CFA designation. Mr. Bath currently serves as the Portfolio Manager and Managing Director of Investments for Diamond Hill Capital Management, Inc. Mr. Bath was a senior portfolio manager for Gartmore Global Investments, a global investment firm affiliated with Nationwide Insurance, from 1985 to 2002, where he managed the Gartmore Total Return Fund. At the time of his departure from Gartmore, Mr. Bath was also managing three other funds; the four Gartmore funds he managed had combined net assets of approximately $3.3 billion. Mr. Bath was first employed by Nationwide Insurance as an investment professional in 1982.


Christopher Welch

Manager

Start Date

Jul 14, 2009

Tenure

8.22

Tenure Rank

5.9%

Mr. Welch has a Bachelor of Arts degree in Economics from Yale University and holds the CFA designation. He has been an investment professional with Fiduciary Trust Company International, an investment management firm. From 1995 to 2002, Mr. Welch served as Portfolio Manager and Senior Equity Analyst for Nationwide Insurance and its mutual fund unit, Gartmore Global Investments since November 2005. Mr. Welch currently serves as Co-Chief Investment Officer and Portfolio Manager for the Adviser. From 2004 to November 2005, Mr. Welch was a Portfolio Manager Fiduciary Trust Company International, an investment management firm. From 1995 to 2002, Mr. Welch served as Portfolio Manager and Senior Equity Analyst for Nationwide Insurance and its mutual fund unit, Gartmore Global Investments


Austin Hawley

Manager

Start Date

Feb 28, 2015

Tenure

2.59

Tenure Rank

11.8%

Mr. Hawley has a Bachelor of Arts degree in History (cum laude) from Dartmouth College, a Masters degree in Business Administration (with distinction) from Tuck School of Business at Dartmouth College and holds the CFA designation. He has been an investment professional with Diamond Hill Capital Management, Inc.since August 2008. Mr. Hawley currently serves as a Co-Chief Investment Officer, Portfolio Manager, and Research Analyst focusing on insurance. From July 1999 to July 2002, Mr. Hawley was an Investment Associate at Putnam Investments. He was an Equity Analyst at Putnam Investments from July 2004 to July 2008.


Tenure Analysis

Category Low

0.0

Category High

39.1

Category Average

7.16

Category Mode

2.8