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Trending ETFs

Name

As of 03/26/2024

Price

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

$8.99

$1.13 B

4.94%

$0.44

0.35%

Vitals

YTD Return

-0.1%

1 yr return

3.5%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

1.1%

Net Assets

$1.13 B

Holdings in Top 10

17.0%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

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

$8.99

$1.13 B

4.94%

$0.44

0.35%

DHRYX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.21%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Diamond Hill Core Bond Fund
  • Fund Family Name
    Diamond Hill Funds
  • Inception Date
    Jul 05, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Henry Song

Fund Description

Under normal market conditions, the fund intends to provide total return by investing at least 80% of its net assets (plus any amounts borrowed for investment purposes) in a diversified portfolio of investment grade, fixed income securities, including bonds, debt securities and other similar U.S. dollar-denominated instruments issued by various U.S. public- or private-sector entities, by non-U.S. corporations or U.S. affiliates of non-U.S. corporations, including those in emerging markets. The fund may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities at the discretion of Diamond Hill Capital Management, Inc. (the “Adviser”).
Under normal circumstances, the fund will maintain an average portfolio duration of plus or minus 20% of the duration of the Bloomberg US Aggregate Bond Index. The Bloomberg US Aggregate Bond Index is a broad-based index that represents the investment grade, US dollar-denominated fixed-rate taxable bond market. Duration of the Bloomberg US Aggregate Bond Index was 6.25 as of its last reconstitution date of January 31, 2024. Duration is an approximate measure of a bond’s price sensitivity to changes in interest rates. For instance, a duration of “three” means that a security’s or portfolio’s price would be expected to decrease by approximately 3% with a 1% increase in interest rates (assuming a parallel shift in yield curve).
In selecting securities for the fund, the Adviser performs a risk/reward analysis that includes an evaluation of credit risk, interest rate risk, prepayment 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.
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DHRYX - Performance

Return Ranking - Trailing

Period DHRYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -6.0% 3.9% 11.37%
1 Yr 3.5% -10.3% 16.1% 21.15%
3 Yr -1.5%* -10.4% 26.2% 7.96%
5 Yr 1.1%* -6.6% 191.4% 18.23%
10 Yr N/A* -2.4% 73.7% N/A

* Annualized

Return Ranking - Calendar

Period DHRYX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -16.2% 8.1% 63.83%
2022 -14.2% -34.7% 131.9% 11.64%
2021 -3.3% -11.6% 4.4% 48.89%
2020 5.4% -10.1% 946.1% 24.45%
2019 5.0% -1.7% 156.4% 67.31%

Total Return Ranking - Trailing

Period DHRYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -6.0% 3.9% 11.37%
1 Yr 3.5% -10.3% 16.1% 21.15%
3 Yr -1.5%* -10.4% 26.2% 7.96%
5 Yr 1.1%* -6.6% 191.4% 18.23%
10 Yr N/A* -2.4% 73.7% N/A

* Annualized

Total Return Ranking - Calendar

Period DHRYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -11.3% 11.0% 28.34%
2022 -11.6% -32.2% 131.9% 9.11%
2021 -1.1% -9.4% 9.2% 55.54%
2020 8.0% -1.9% 1009.0% 55.57%
2019 8.1% 1.1% 21668.0% 70.16%

NAV & Total Return History


DHRYX - Holdings

Concentration Analysis

DHRYX Category Low Category High DHRYX % Rank
Net Assets 1.13 B 2.73 M 292 B 51.37%
Number of Holdings 1017 1 17889 36.11%
Net Assets in Top 10 258 M -106 M 36.5 B 53.82%
Weighting of Top 10 16.98% 4.4% 134.1% 75.00%

Top 10 Holdings

  1. State Street Institutional Liquid Reserves Fund, Premier Class 4.90%
  2. U.S. Treasury Notes 0.625%, Due 08/15/2030 1.87%
  3. U.S. Treasury Bonds 1.125%, Due 08/15/2040 1.68%
  4. U.S. Treasury Bonds 1.375%, Due 11/15/2040 1.53%
  5. U.S. Treasury Notes 1.25%, Due 09/30/2028 1.52%
  6. U.S. Treasury Bonds 3.00%, due 02/15/2048 1.29%
  7. U.S. TREASURY INFLATION-PROTECTED NOTES 0.625%, DUE 02/15/2043 1.24%
  8. Federal National Mortgage Association Pool FN BM6732 1.03%
  9. State Street Navigator Securities Lending Portfolio I 0.99%
  10. U.S. TREASURY BONDS 2.25%, DUE 08/15/2046 0.94%

Asset Allocation

Weighting Return Low Return High DHRYX % Rank
Other
50.17% -13.23% 58.65% 0.68%
Bonds
44.54% 0.00% 215.98% 97.85%
Cash
5.90% -54.51% 88.26% 24.66%
Convertible Bonds
0.40% 0.00% 7.93% 81.67%
Stocks
0.00% 0.00% 99.93% 59.08%
Preferred Stocks
0.00% 0.00% 74.68% 55.58%

Bond Sector Breakdown

Weighting Return Low Return High DHRYX % Rank
Securitized
60.08% 0.00% 98.40% 7.78%
Government
20.91% 0.00% 86.23% 58.42%
Corporate
16.73% 0.00% 100.00% 87.88%
Cash & Equivalents
5.90% 0.00% 88.06% 25.64%
Derivative
0.00% -5.38% 58.65% 52.25%
Municipal
0.00% 0.00% 100.00% 82.56%

Bond Geographic Breakdown

Weighting Return Low Return High DHRYX % Rank
US
44.54% 0.00% 215.98% 97.85%
Non US
0.00% 0.00% 39.04% 61.64%

DHRYX - Expenses

Operational Fees

DHRYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.01% 39.10% 88.86%
Management Fee 0.30% 0.00% 1.76% 31.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.50% 23.65%

Sales Fees

DHRYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DHRYX 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.

DHRYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 2.00% 493.39% 11.18%

DHRYX - Distributions

Dividend Yield Analysis

DHRYX Category Low Category High DHRYX % Rank
Dividend Yield 4.94% 0.00% 9.75% 10.06%

Dividend Distribution Analysis

DHRYX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Monthly

Net Income Ratio Analysis

DHRYX Category Low Category High DHRYX % Rank
Net Income Ratio 2.21% -1.28% 4.79% 20.27%

Capital Gain Distribution Analysis

DHRYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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DHRYX - Fund Manager Analysis

Managers

Henry Song


Start Date

Tenure

Tenure Rank

Jul 05, 2016

5.91

5.9%

Henry serves as a Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2016. Prior to joining Diamond Hill, Henry was a Portfolio Manager at J.P. Morgan Asset Management from 2005 to 2016. Henry has a Bachelor of Business Administration from the University of Michigan.

Mark Jackson


Start Date

Tenure

Tenure Rank

Jul 05, 2016

5.91

5.9%

Mark serves as a Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2016. Prior to joining Diamond Hill, Mark was Managing Director and Portfolio Manager at J.P. Morgan Asset Management from 1996 to 2016. From 1993 to 1995, he was a Portfolio Manager for Alexander Hamilton Life Insurance Company. From 1985 to 1993, Mark was a Portfolio Manager for Public Employees Retirement System of Ohio. Mark has a Bachelor of Science in Finance from Miami University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16