Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 04/18/2024

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

Diamond Hill Long-Short Fund

DIAMX | Fund

$27.91

$1.79 B

1.90%

$0.53

1.78%

Vitals

YTD Return

7.4%

1 yr return

17.7%

3 Yr Avg Return

5.5%

5 Yr Avg Return

7.1%

Net Assets

$1.79 B

Holdings in Top 10

47.0%

52 WEEK LOW AND HIGH

$27.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

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

Diamond Hill Long-Short Fund

DIAMX | Fund

$27.91

$1.79 B

1.90%

$0.53

1.78%

DIAMX - Profile

Distributions

  • YTD Total Return 7.4%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 7.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.38%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Diamond Hill Long-Short Fund
  • Fund Family Name
    Diamond Hill Funds
  • Inception Date
    Jun 30, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chuck Bath

Fund Description

The fund, under normal market conditions, invests its assets in U.S. equity securities of any size capitalization that Diamond Hill Capital Management, Inc. (the "Adviser”) believes are undervalued and selling short U.S. equity securities of any size capitalization the Adviser believes are overvalued. Equity securities consist of common and preferred stocks.
The Adviser focuses on estimating a company’s value independent of its current stock price. To estimate a company’s value, the Adviser concentrates on the fundamental economic drivers of the business. The primary focus is on “bottom-up” analysis, which takes into consideration earnings, revenue growth, operating margins and other economic factors. The Adviser also considers the level of industry competition, regulatory factors, the threat of technological obsolescence, and a variety of other industry factors. If the Adviser’s estimate of a company’s value differs sufficiently from the current market price, the company may be an attractive investment opportunity. In constructing a portfolio of securities, the Adviser is not constrained by the sector or industry weights in the benchmark. The Adviser relies on individual stock selection and discipline in the investment process to add value. The highest portfolio security weights are assigned to companies where the Adviser has the highest level of conviction.
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. To make delivery to the buyer, the fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the fund. The frequency of short sales will vary substantially in different periods, and it is not intended that any specified portion of the fund’s assets will as a matter of practice be invested in short sales. The fund will not make a short sale if, immediately before the transaction, the market value of all securities sold short exceeds 40% of the value of the fund’s net assets.
Once a stock is purchased or sold short, the Adviser continues to monitor the company’s strategies, financial performance and competitive environment. The Adviser may sell a security (or repurchase a security sold short) as it reaches the Adviser’s estimate of the company’s value if it believes that the company’s earnings, revenue growth, operating margin or other economic factors are deteriorating (or improving in the case of a short
sale); or, if it identifies a stock that it believes offers a better investment opportunity.
Read More

DIAMX - Performance

Return Ranking - Trailing

Period DIAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -10.5% 15.1% 17.06%
1 Yr 17.7% -14.6% 34.4% 20.59%
3 Yr 5.5%* -21.6% 26.4% 26.00%
5 Yr 7.1%* -4.1% 24.7% 43.80%
10 Yr 6.0%* -4.0% 9.9% 25.37%

* Annualized

Return Ranking - Calendar

Period DIAMX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -17.3% 43.8% 40.35%
2022 -13.1% -54.0% 17.4% 61.54%
2021 7.2% -40.0% 54.1% 46.00%
2020 -1.5% -47.6% 88.4% 78.47%
2019 15.4% -20.3% 62.6% 15.44%

Total Return Ranking - Trailing

Period DIAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -10.5% 15.1% 17.06%
1 Yr 17.7% -14.6% 34.4% 20.59%
3 Yr 5.5%* -21.6% 26.4% 26.00%
5 Yr 7.1%* -4.1% 24.7% 43.80%
10 Yr 6.0%* -4.0% 9.9% 25.37%

* Annualized

Total Return Ranking - Calendar

Period DIAMX Return Category Return Low Category Return High Rank in Category (%)
2023 12.1% -14.5% 43.8% 35.09%
2022 -8.7% -54.0% 50.3% 58.97%
2021 19.0% -40.0% 61.6% 28.00%
2020 -0.6% -29.9% 91.0% 78.47%
2019 22.7% -17.9% 79.4% 8.82%

NAV & Total Return History

DIAMX - Holdings

Concentration Analysis

DIAMX Category Low Category High DIAMX % Rank
Net Assets 1.79 B 1.08 M 6.67 B 2.33%
Number of Holdings 100 3 1788 50.30%
Net Assets in Top 10 810 M 474 K 2.09 B 2.37%
Weighting of Top 10 46.95% 0.4% 182.8% 46.75%

Top 10 Holdings

  1. State Street Navigator Securities Lending Portfolio I 17.31%
  2. Meta Platforms, Inc. Class A 4.52%
  3. Alphabet, Inc. Class A 4.27%
  4. American International Group, Inc. 4.16%
  5. Microsoft Corporation 3.76%
  6. Citigroup, Inc. 3.06%
  7. KKR Company, Inc. Class A 2.73%
  8. Chevron Corporation 2.55%
  9. U.S. Treasury Notes 3%, Due 06/30/2024 2.29%
  10. U.S. Treasury Notes 3%, Due 07/31/2024 2.29%

Asset Allocation

Weighting Return Low Return High DIAMX % Rank
Stocks 		58.05% 0.00% 102.24% 65.09%
Cash 		35.08% 0.00% 102.08% 32.54%
Bonds 		6.87% 0.00% 178.67% 17.16%
Preferred Stocks 		0.00% 0.00% 8.29% 21.89%
Other 		0.00% -45.12% 99.51% 45.56%
Convertible Bonds 		0.00% -0.02% 4.48% 9.82%

Stock Sector Breakdown

Weighting Return Low Return High DIAMX % Rank
Financial Services 		26.65% 0.00% 83.83% 6.34%
Communication Services 		14.93% 0.00% 32.32% 6.34%
Technology 		14.49% 0.00% 43.24% 76.06%
Healthcare 		14.24% 0.00% 100.00% 61.97%
Industrials 		10.28% 0.00% 31.93% 50.70%
Consumer Cyclical 		8.06% 0.00% 88.83% 69.72%
Consumer Defense 		4.10% 0.00% 33.38% 70.42%
Energy 		3.80% 0.00% 32.57% 52.82%
Basic Materials 		2.32% 0.00% 28.58% 65.49%
Utilities 		1.12% 0.00% 21.71% 61.27%
Real Estate 		0.00% 0.00% 10.93% 80.99%

Stock Geographic Breakdown

Weighting Return Low Return High DIAMX % Rank
US 		58.05% 0.00% 102.24% 57.40%
Non US 		0.00% -3.09% 67.69% 26.04%

Bond Sector Breakdown

Weighting Return Low Return High DIAMX % Rank
Cash & Equivalents 		18.90% 0.00% 100.00% 24.26%
Securitized 		1.12% 0.00% 13.59% 3.70%
Corporate 		0.08% 0.00% 99.80% 14.20%
Government 		0.06% 0.00% 58.54% 24.07%
Derivative 		0.00% -45.12% 99.51% 42.60%
Municipal 		0.00% 0.00% 0.07% 10.49%

Bond Geographic Breakdown

Weighting Return Low Return High DIAMX % Rank
US 		6.87% 0.00% 178.67% 17.16%
Non US 		0.00% 0.00% 12.28% 7.69%

DIAMX - Expenses

Operational Fees

DIAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.78% 0.42% 8.51% 63.95%
Management Fee 0.90% 0.00% 2.50% 20.35%
12b-1 Fee 0.25% 0.00% 1.00% 26.32%
Administrative Fee 0.21% 0.03% 1.54% 66.67%

Sales Fees

DIAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% 78.13%
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 N/A 0.00% 479.00% 37.93%

DIAMX - Distributions

Dividend Yield Analysis

DIAMX Category Low Category High DIAMX % Rank
Dividend Yield 1.90% 0.00% 27.86% 42.11%

Dividend Distribution Analysis

DIAMX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

DIAMX Category Low Category High DIAMX % Rank
Net Income Ratio -0.38% -3.33% 2.16% 35.88%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DIAMX - Fund Manager Analysis

Managers

Chuck Bath

Start Date

Tenure

Tenure Rank

Oct 31, 2002

19.59

19.6%

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

15.1

15.1%

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

3.92

3.9%

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
0.07 23.55 6.05 7.93

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.