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DHLYX Diamond Hill Large Cap Y

  • Fund
  • DHLYX
  • Price as of: Sep 17, 2019
  • $28.48 + $0.02 + 0.07%

DHLYX - Profile

Vitals

  • YTD Return 23.6%
  • 3 Yr Annualized Return 7.4%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $6.07 B
  • Holdings in Top 10 32.5%

52 WEEK LOW AND HIGH

$28.48
$22.03
$28.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

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

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

$500,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 23.6%
  • 3 Yr Annualized Total Return 13.2%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.35%
DIVIDENDS
  • Dividend Yield 1.3%
  • 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 (%)
YTD 23.6% -8.2% 37.7% 2.40%
1 Yr 2.6% -56.3% 12.8% 4.72%
3 Yr 7.4%* -21.7% 19.3% 11.00%
5 Yr 4.0%* -28.4% 12.6% 11.07%
10 Yr N/A* -11.7% 11.6% N/A

* Annualized


Return Ranking - Calendar

Period DHLYX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.5% -62.4% 16.7% 25.64%
2017 14.8% -16.4% 21.6% 12.40%
2016 7.7% -27.9% 31.0% 77.93%
2015 -5.6% -43.1% 0.5% 20.63%
2014 5.8% -46.4% 75.9% 38.92%

Total Return Ranking - Trailing

Period DHLYX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.6% -8.2% 37.7% 2.40%
1 Yr 7.3% -33.5% 12.8% 1.61%
3 Yr 13.2%* -10.4% 19.6% 1.65%
5 Yr 8.7%* -7.7% 12.6% 2.96%
10 Yr N/A* -5.1% 13.0% N/A

* Annualized


Total Return Ranking - Calendar

Period DHLYX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.5% -35.5% 17.4% 36.16%
2017 20.4% -9.5% 24.7% 6.42%
2016 14.8% -1.8% 32.2% 34.13%
2015 -0.8% -25.8% 3.9% 8.68%
2014 7.0% -45.2% 78.4% 78.51%

NAV & Total Return History

DHLYX - Holdings

Concentration Analysis

DHLYX Category Low Category High DHLYX % Rank
Net Assets 6.07 B 1.06 M 79.6 B 12.98%
Number of Holdings 53 18 1222 78.47%
Net Assets in Top 10 1.98 B -6.31 M 22.6 B 10.82%
Weighting of Top 10 32.49% 6.1% 422.4% 25.86%

Top 10 Holdings

  1. Abbott Laboratories 4.40%

  2. Citigroup Inc 4.26%

  3. Alphabet Inc A 3.29%

  4. Berkshire Hathaway Inc B 3.26%

  5. Medtronic PLC 2.98%

  6. MetLife Inc 2.94%

  7. TJX Companies Inc 2.94%

  8. The Walt Disney Co 2.87%

  9. American International Group Inc 2.78%

  10. United Technologies Corp 2.77%


Asset Allocation

Weighting Return Low Return High DHLYX % Rank
Stocks
96.50% 83.80% 130.28% 79.15%
Cash
3.50% -30.29% 11.11% 16.62%
Preferred Stocks
0.00% -0.31% 7.76% 77.38%
Other
0.00% -1.85% 15.84% 77.88%
Convertible Bonds
0.00% -0.01% 2.22% 76.99%
Bonds
0.00% -13.40% 15.32% 77.97%

Stock Sector Breakdown

Weighting Return Low Return High DHLYX % Rank
Financial Services
27.27% 0.00% 55.05% 15.65%
Consumer Cyclical
16.70% 0.00% 36.78% 6.10%
Healthcare
13.54% 0.00% 24.83% 42.13%
Consumer Defense
10.38% 0.00% 38.28% 21.26%
Technology
9.52% 0.00% 31.53% 55.02%
Industrials
8.82% 0.00% 36.88% 65.55%
Communication Services
3.73% 0.00% 12.21% 66.54%
Energy
3.31% 0.00% 21.03% 93.80%
Basic Materials
3.22% 0.00% 26.56% 52.17%
Utilities
0.00% 0.00% 72.42% 97.64%
Real Estate
0.00% 0.00% 16.63% 96.06%

Stock Geographic Breakdown

Weighting Return Low Return High DHLYX % Rank
US
94.98% 80.05% 128.63% 38.05%
Non US
1.52% 0.00% 18.54% 75.32%

DHLYX - Expenses

Operational Fees

DHLYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.00% 27.58% 91.52%
Management Fee 0.50% 0.00% 1.35% 32.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.50% 14.23%

Sales Fees

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

Trading Fees

DHLYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 788.00% 34.99%

DHLYX - Distributions

Dividend Yield Analysis

DHLYX Category Low Category High DHLYX % Rank
Dividend Yield 1.31% 0.00% 4.65% 32.25%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

DHLYX Category Low Category High DHLYX % Rank
Net Income Ratio 1.35% -2.06% 3.68% 62.38%

Capital Gain Distribution Analysis

DHLYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

DHLYX - Managers

Charles S. Bath

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2002

16.84

16.8%

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

Tenure

Tenure Rank

Jul 14, 2009

10.14

10.1%

Chris serves as Co-Chief Investment Officer and Portfolio Manager for Diamond Hill Capital Management, Inc. He joined Diamond Hill in 2005. From 2004 to 2005, Chris was a Portfolio Manager with Fiduciary Trust Company International. From 2002 to 2004, Chris was a private investor. From 1995 to 2002, Chris was a Portfolio Manager and Senior Equity Analyst for Nationwide Insurance and affiliates. Chris has a Bachelor of Arts in Economics from Yale University (summa cum laude).


Austin Hawley

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2015

4.51

4.5%

Austin serves as Co-Chief Investment Officer and Portfolio Manager for Diamond Hill Capital Management, Inc. He joined Diamond Hill in 2008. From 2004 to 2008, Austin was an Equity Analyst at Putnam Investments. From 1999 to 2002, Austin was an Investment Associate at Putnam Investments. Austin has a Bachelor of Arts in History (cum laude) and a Master of Business Administration (with distinction) from Dartmouth College.


Tenure Analysis

Category Low

0.0

Category High

83.84

Category Average

6.94

Category Mode

0.17