Diamond Hill Long-Short Inv
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
15.3%
1 yr return
28.1%
3 Yr Avg Return
8.6%
5 Yr Avg Return
8.0%
Net Assets
$2.09 B
Holdings in Top 10
34.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.83%
SALES FEES
Front Load 5.00%
Deferred Load N/A
TRADING FEES
Turnover 65.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Long-Short Equity
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
DIAMX - Profile
Distributions
- YTD Total Return 15.3%
- 3 Yr Annualized Total Return 8.6%
- 5 Yr Annualized Total Return 8.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.09%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameDiamond Hill Long-Short Fund
-
Fund Family NameDiamond Hill Funds
-
Inception DateJun 30, 2000
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerChuck Bath
Fund Description
The fund invests its assets in U.S. equity securities of any size capitalization that the Adviser believes are undervalued and selling short U.S. equity securities of any size capitalization the Adviser believes are overvalued. The Adviser focuses on estimating a company's value independent of its current stock price. The fund also will sell securities short. Short sales are effected when it is believed that the price of a particular security will decline, and involves the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price.
DIAMX - Performance
Return Ranking - Trailing
| Period | DIAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.3% | -24.0% | 36.0% | 23.65% |
| 1 Yr | 28.1% | -17.9% | 67.9% | 14.36% |
| 3 Yr | 8.6%* | -10.3% | 22.3% | 33.87% |
| 5 Yr | 8.0%* | -4.9% | 20.5% | 41.42% |
| 10 Yr | 8.3%* | -5.8% | 12.0% | 25.42% |
* Annualized
Return Ranking - Calendar
| Period | DIAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -1.5% | -47.6% | 88.4% | 74.36% |
| 2019 | 15.4% | -20.3% | 62.6% | 13.98% |
| 2018 | -11.6% | -53.1% | 12.7% | 66.10% |
| 2017 | 3.4% | -67.1% | 21.9% | 76.07% |
| 2016 | 6.6% | -17.3% | 25.3% | 21.01% |
Total Return Ranking - Trailing
| Period | DIAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.3% | -24.0% | 36.0% | 23.15% |
| 1 Yr | 28.1% | -17.9% | 67.9% | 12.38% |
| 3 Yr | 8.6%* | -11.4% | 22.3% | 31.72% |
| 5 Yr | 8.0%* | -5.4% | 20.5% | 38.46% |
| 10 Yr | 8.3%* | -5.8% | 12.0% | 25.42% |
* Annualized
Total Return Ranking - Calendar
| Period | DIAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -1.5% | -47.6% | 88.4% | 74.36% |
| 2019 | 15.4% | -20.3% | 62.6% | 13.98% |
| 2018 | -7.3% | -53.1% | 12.7% | 53.11% |
| 2017 | 5.6% | -12.7% | 24.8% | 76.69% |
| 2016 | 10.3% | -15.5% | 25.3% | 17.39% |
NAV & Total Return History
DIAMX - Holdings
Concentration Analysis
| DIAMX | Category Low | Category High | DIAMX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.09 B | 0 | 5.19 B | 1.93% |
| Number of Holdings | 92 | 3 | 3156 | 51.96% |
| Net Assets in Top 10 | 708 M | -87.9 M | 765 M | 3.43% |
| Weighting of Top 10 | 34.28% | 4.8% | 100.0% | 64.53% |
Top 10 Holdings
- State Street Instl US Govt MMkt Premier 6.93%
- American International Group Inc 4.39%
- Alphabet Inc Class A 3.64%
- Facebook Inc Class A 3.43%
- Berkshire Hathaway Inc Class B 3.08%
- Citigroup Inc 2.98%
- KKR & Co Inc Ordinary Shares 2.73%
- Johnson Controls International PLC Registered Shares 2.69%
- Charles Schwab Corp 2.56%
- Microsoft Corp 2.52%
Asset Allocation
| Weighting | Return Low | Return High | DIAMX % Rank | |
|---|---|---|---|---|
| Stocks | 59.90% | -17.84% | 113.92% | 64.08% |
| Cash | 38.85% | -140.68% | 117.83% | 33.82% |
| Bonds | 1.25% | -0.70% | 152.17% | 16.50% |
| Preferred Stocks | 0.00% | -0.01% | 8.88% | 29.90% |
| Other | 0.00% | -16.93% | 36.41% | 53.43% |
| Convertible Bonds | 0.00% | 0.00% | 3.02% | 33.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DIAMX % Rank | |
|---|---|---|---|---|
| Financial Services | 31.85% | 0.00% | 74.33% | 2.62% |
| Communication Services | 13.52% | 0.00% | 29.68% | 6.81% |
| Healthcare | 12.33% | 0.00% | 100.00% | 59.69% |
| Technology | 11.09% | 0.00% | 48.18% | 81.68% |
| Industrials | 9.69% | 0.00% | 35.91% | 61.26% |
| Consumer Cyclical | 7.82% | 0.00% | 83.72% | 81.68% |
| Consumer Defense | 5.00% | 0.00% | 28.39% | 63.87% |
| Basic Materials | 3.83% | 0.00% | 21.97% | 32.98% |
| Energy | 3.31% | 0.00% | 12.98% | 27.23% |
| Utilities | 1.57% | 0.00% | 23.92% | 43.98% |
| Real Estate | 0.00% | 0.00% | 17.36% | 85.86% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DIAMX % Rank | |
|---|---|---|---|---|
| US | 59.90% | -43.02% | 113.00% | 50.00% |
| Non US | 0.00% | -31.09% | 98.73% | 87.75% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | DIAMX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 96.89% | 0.00% | 100.00% | 76.12% |
| Securitized | 3.07% | 0.00% | 17.89% | 3.98% |
| Corporate | 0.04% | 0.00% | 100.00% | 15.92% |
| Derivative | 0.00% | 0.00% | 57.06% | 33.83% |
| Municipal | 0.00% | 0.00% | 0.55% | 27.86% |
| Government | 0.00% | 0.00% | 83.22% | 40.80% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | DIAMX % Rank | |
|---|---|---|---|---|
| US | 1.22% | -0.70% | 152.17% | 16.67% |
| Non US | 0.03% | 0.00% | 29.26% | 6.37% |
DIAMX - Expenses
Operational Fees
| DIAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.83% | 0.40% | 12.79% | 54.11% |
| Management Fee | 0.90% | 0.00% | 2.50% | 22.22% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 39.83% |
| Administrative Fee | 0.21% | 0.03% | 1.54% | 71.11% |
Sales Fees
| DIAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.00% | 2.50% | 5.75% | 79.41% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| DIAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| DIAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 65.00% | 0.00% | 498.00% | 27.44% |
DIAMX - Distributions
Dividend Yield Analysis
| DIAMX | Category Low | Category High | DIAMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.16% | 0.00% | 1.80% | 28.50% |
Dividend Distribution Analysis
| DIAMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| DIAMX | Category Low | Category High | DIAMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.09% | -3.33% | 2.81% | 27.64% |
Capital Gain Distribution Analysis
| DIAMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 31, 2018 | $0.073 |
| Dec 31, 2013 | $0.049 |
| Dec 31, 2012 | $0.016 |
| Dec 31, 2008 | $0.148 |
| Dec 28, 2007 | $0.418 |
| Dec 29, 2006 | $0.250 |
| Dec 30, 2005 | $0.100 |
DIAMX - Fund Manager Analysis
Managers
Chuck Bath
Start Date
Tenure
Tenure Rank
Oct 31, 2002
18.85
18.9%
Chuck serves as Managing Director – Investments and Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2002. Prior to joining Diamond Hill, Chuck was a Portfolio Manager and an Analyst with Nationwide Insurance and affiliates from 1982 to 2002, where he managed the Nationwide Fund. From 1979 to 1980, Chuck was an Internal Auditor at USAA. He also was an Auditor at Ernst & Whinney from 1977 to 1979. Chuck has a Bachelor of Science in Accounting from Miami University and a Master of Business Administration from The Ohio State University.
Chris Bingaman
Start Date
Tenure
Tenure Rank
Apr 30, 2007
14.35
14.4%
Chris serves as a Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2001. Prior to joining Diamond Hill, Chris was a Senior Equity Analyst for Nationwide Insurance and affiliates from 1997 to 2001. In 1997, he was an Equity Analyst for Dillon Capital Management, an investment advisory firm. From 1990 to 1997, Chris held various positions with Fifth Third Bank, First Chicago NBD, and NBD Bank. Chris has a Bachelor of Arts in Finance from Hillsdale College (cum laude) and Master of Business Administration from the University of Notre Dame.
Nate Palmer
Start Date
Tenure
Tenure Rank
Jun 30, 2018
3.17
3.2%
Mr. Palmer has a Bachelor of Science degree in Accounting and Finance from The Ohio State University (summa cum laude, with honors) and a Masters of Accountancy from The Ohio State University (with distinction). He is a Certified Public Accountant and his CFA charter is pending his fulfillment of the work experience requirement. He has been an investment professional with Diamond Hill Capital Management since October 2009. Mr. Palmer currently serves as a Research Analyst for Diamond Hill Capital Management. From 2008 to 2009, Mr. Palmer was a Tax Consultant with Deloitte & Touche, LLP.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 22.8 | 5.82 | 7.18 |