Diamond Hill High Yield Inv
Name
As of 07/30/2021Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.5%
1 yr return
17.0%
3 Yr Avg Return
10.3%
5 Yr Avg Return
10.0%
Net Assets
$1.15 B
Holdings in Top 10
20.0%
52 WEEK LOW AND HIGH
$11.5
$11.25
$11.81
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load 3.50%
Deferred Load N/A
TRADING FEES
Turnover 186.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/30/2021Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
DHHAX - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return 10.3%
- 5 Yr Annualized Total Return 10.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.46%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDiamond Hill High Yield Fund
-
Fund Family NameDiamond Hill Funds
-
Inception DateDec 31, 2015
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
Fund Description
Under normal market conditions, the fund intends to provide exposure to high yield securities by investing at least 80% of its net assets in a diversified portfolio of corporate debt securities that are rated at the time of purchase below investment grade or are unrated. These investments are also known as “junk bonds,” “high yield bonds,” and “non-investment grade bonds,” and may include so called “distressed debt.” Such securities may be public or privately placed U.S. dollar denominated debt securities issued by U.S. and non-U.S. companies of any size, which Diamond Hill Capital Management, Inc. (the “Adviser”) believes represent an attractive investment opportunity. The fund also may invest in other securities including investment grade securities.
While not a part of the fund’s principal investment strategy of investing in corporate bonds, the fund may invest in other debt securities such as trust preferred securities, convertible securities, preferred stock, equity securities, U.S. Government and Agency securities, and mortgage or asset-backed securities. In selecting securities for the fund, the Adviser performs a risk/reward analysis that includes an evaluation of credit risk, interest rate risk, and the legal and technical structure of the security. The Adviser will attempt to take advantage of inefficiencies that it believes exist in the fixed-income markets. The Adviser seeks to invest in securities that the Adviser expects to offer attractive prospects for current income and/or capital appreciation in relation to the risk borne.
DHHAX - Performance
Return Ranking - Trailing
Period | DHHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -69.0% | 13.0% | 61.76% |
1 Yr | 17.0% | -14.1% | 50.8% | 23.94% |
3 Yr | 10.3%* | -11.6% | 17.7% | 0.83% |
5 Yr | 10.0%* | -5.3% | 13.9% | 1.18% |
10 Yr | N/A* | 1.4% | 9.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | DHHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -75.1% | 399.1% | 7.13% |
2022 | 7.8% | -56.9% | 226.1% | 47.54% |
2021 | -5.1% | -61.3% | -0.4% | 8.20% |
2020 | 1.1% | -49.0% | 18.8% | 50.08% |
2019 | N/A | -25.2% | 28.6% | N/A |
Total Return Ranking - Trailing
Period | DHHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -69.0% | 13.0% | 61.76% |
1 Yr | 17.0% | -16.7% | 57.3% | 21.98% |
3 Yr | 10.3%* | -11.6% | 16.5% | 0.79% |
5 Yr | 10.0%* | -5.3% | 13.2% | 1.25% |
10 Yr | N/A* | 1.4% | 9.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DHHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -75.1% | 399.1% | 7.13% |
2022 | 8.8% | -56.9% | 23.9% | 30.80% |
2021 | 1.0% | -61.3% | 1.3% | 0.45% |
2020 | 10.0% | -49.0% | 18.8% | 1.48% |
2019 | N/A | -25.2% | 39.0% | N/A |
NAV & Total Return History
DHHAX - Holdings
Concentration Analysis
DHHAX | Category Low | Category High | DHHAX % Rank | |
---|---|---|---|---|
Net Assets | 1.15 B | 3.71 M | 29.6 B | 33.83% |
Number of Holdings | 134 | 1 | 2442 | 79.78% |
Net Assets in Top 10 | 212 M | -493 M | 3.93 B | 20.97% |
Weighting of Top 10 | 20.03% | 1.9% | 100.0% | 28.75% |
Top 10 Holdings
- State Street Instl US Govt MMkt Premier 4.34%
- United Wholesale Mortgage Llc 5.5% 2.29%
- Firstcash inc 5.38% 1.99%
- LD Holdings Group LLC 6.12% 1.99%
- Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp 6% 1.96%
- Twitter Inc 3.88% 1.85%
- Alliance Data Systems Corporation 4.75% 1.80%
- Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. 5.5% 1.77%
- Korn Ferry 4.62% 1.71%
- Teva Pharmaceutical Finance Netherlands III B.V. 2.8% 1.71%
Asset Allocation
Weighting | Return Low | Return High | DHHAX % Rank | |
---|---|---|---|---|
Bonds | 92.65% | 0.00% | 147.88% | 60.92% |
Cash | 4.34% | -44.84% | 100.00% | 29.03% |
Convertible Bonds | 2.55% | 0.00% | 19.02% | 23.70% |
Stocks | 0.45% | -10.91% | 31.60% | 45.04% |
Preferred Stocks | 0.00% | 0.00% | 19.22% | 95.91% |
Other | 0.00% | -52.60% | 32.06% | 91.81% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DHHAX % Rank | |
---|---|---|---|---|
Energy | 100.00% | 0.00% | 100.00% | 13.16% |
Utilities | 0.00% | 0.00% | 100.00% | 94.36% |
Technology | 0.00% | 0.00% | 61.28% | 95.68% |
Real Estate | 0.00% | 0.00% | 100.00% | 94.92% |
Industrials | 0.00% | 0.00% | 100.00% | 97.56% |
Healthcare | 0.00% | 0.00% | 44.61% | 95.30% |
Financial Services | 0.00% | 0.00% | 100.00% | 95.30% |
Communication Services | 0.00% | 0.00% | 100.00% | 96.80% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 93.42% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 95.11% |
Basic Materials | 0.00% | 0.00% | 100.00% | 95.30% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DHHAX % Rank | |
---|---|---|---|---|
US | 0.45% | -13.16% | 30.16% | 42.68% |
Non US | 0.00% | 0.00% | 14.47% | 96.40% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DHHAX % Rank | |
---|---|---|---|---|
Corporate | 95.60% | 0.00% | 100.00% | 46.83% |
Cash & Equivalents | 4.36% | 0.00% | 100.00% | 34.66% |
Securitized | 0.04% | 0.00% | 95.33% | 41.86% |
Derivative | 0.00% | 0.00% | 46.55% | 94.91% |
Municipal | 0.00% | 0.00% | 11.44% | 94.04% |
Government | 0.00% | 0.00% | 99.89% | 95.78% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DHHAX % Rank | |
---|---|---|---|---|
US | 81.21% | 0.00% | 123.46% | 46.28% |
Non US | 11.44% | 0.00% | 96.27% | 63.15% |
DHHAX - Expenses
Operational Fees
DHHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.96% | 0.01% | 4.79% | 40.59% |
Management Fee | 0.50% | 0.00% | 1.84% | 37.72% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 56.83% |
Administrative Fee | 0.21% | 0.00% | 0.50% | 87.38% |
Sales Fees
DHHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.50% | 0.00% | 5.75% | 47.49% |
Deferred Load | N/A | 0.00% | 5.50% | N/A |
Trading Fees
DHHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
DHHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 186.00% | 0.00% | 349.00% | 97.45% |
DHHAX - Distributions
Dividend Yield Analysis
DHHAX | Category Low | Category High | DHHAX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.76% | 0.00% | 3.95% | 94.21% |
Dividend Distribution Analysis
DHHAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
DHHAX | Category Low | Category High | DHHAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.46% | -2.17% | 10.53% | 25.56% |
Capital Gain Distribution Analysis
DHHAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 28, 2019 | $0.046 | |
Jan 31, 2019 | $0.050 | |
Dec 31, 2018 | $0.048 | |
Nov 30, 2018 | $0.048 | |
Oct 31, 2018 | $0.054 | |
Sep 28, 2018 | $0.046 | |
Aug 31, 2018 | $0.050 | |
Jul 31, 2018 | $0.052 | |
Jun 29, 2018 | $0.058 | |
May 31, 2018 | $0.051 | |
Apr 30, 2018 | $0.049 | |
Mar 29, 2018 | $0.056 | |
Feb 28, 2018 | $0.045 | |
Jan 31, 2018 | $0.056 | |
Dec 29, 2017 | $0.055 | |
Nov 30, 2017 | $0.056 | |
Oct 31, 2017 | $0.055 | |
Sep 29, 2017 | $0.050 | |
Aug 31, 2017 | $0.053 | |
Jul 28, 2017 | $0.052 | |
Jun 30, 2017 | $0.053 | |
May 31, 2017 | $0.053 | |
Apr 28, 2017 | $0.067 | |
Mar 31, 2017 | $0.053 | |
Feb 28, 2017 | $0.053 | |
Jan 31, 2017 | $0.054 | |
Dec 30, 2016 | $0.054 | |
Nov 30, 2016 | $0.056 | |
Oct 31, 2016 | $0.055 | |
Sep 30, 2016 | $0.064 | |
Aug 30, 2016 | $0.059 | |
Jul 28, 2016 | $0.060 | |
Jun 29, 2016 | $0.059 | |
May 27, 2016 | $0.061 | |
Apr 28, 2016 | $0.056 | |
Mar 30, 2016 | $0.045 | |
Feb 29, 2016 | $0.049 | |
Jan 28, 2016 | $0.044 |