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Trending ETFs

Name

As of 07/30/2021

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

$11.72

$2.26 B

4.38%

$0.53

0.63%

Vitals

YTD Return

-0.4%

1 yr return

14.1%

3 Yr Avg Return

8.2%

5 Yr Avg Return

7.9%

Net Assets

$2.26 B

Holdings in Top 10

22.1%

52 WEEK LOW AND HIGH

$11.7
$11.42
$11.89

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 173.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 07/30/2021

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

$11.72

$2.26 B

4.38%

$0.53

0.63%

DHSTX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.79%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Diamond Hill Corporate Credit Fund
  • Fund Family Name
    Diamond Hill Funds
  • Inception Date
    Jan 31, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

Under normal market conditions, the fund intends to provide exposure to corporate debt securities by investing at least 80% of its net assets in a diversified portfolio of corporate debt securities including those rated investment grade, below investment grade, or are unrated. Below investment grade securities are also known as “junk bonds,” “high yield bonds,” and “non-investment grade bonds.” 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. Under normal circumstances, the fund will maintain a dollar-weighted effective duration of less than five, although it may invest in individual fixed income securities with effective durations in excess of five.
In addition to 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. The fund will not typically invest more than 10% of its assets in securities rated at or below Caa1 by Moody’s, CCC+ by Standard & Poor’s and CCC+ by Fitch at time of purchase.
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 capital appreciation in relation to the risk borne.
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DHSTX - Performance

Return Ranking - Trailing

Period DHSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -69.0% 13.0% 90.54%
1 Yr 14.1% -14.1% 50.8% 54.93%
3 Yr 8.2%* -11.6% 17.7% 7.43%
5 Yr 7.9%* -5.3% 13.9% 7.94%
10 Yr 6.6%* 1.4% 9.9% 12.87%

* Annualized

Return Ranking - Calendar

Period DHSTX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -75.1% 399.1% 10.09%
2022 6.5% -56.9% 226.1% 66.67%
2021 -4.8% -61.3% -0.4% 6.11%
2020 1.7% -49.0% 18.8% 29.89%
2019 5.6% -25.2% 28.6% 79.93%

Total Return Ranking - Trailing

Period DHSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -69.0% 13.0% 90.41%
1 Yr 14.1% -16.7% 57.3% 47.36%
3 Yr 8.2%* -11.6% 16.5% 7.72%
5 Yr 7.9%* -5.3% 13.2% 9.28%
10 Yr 6.6%* 1.4% 9.9% 11.67%

* Annualized

Total Return Ranking - Calendar

Period DHSTX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -75.1% 399.1% 10.09%
2022 7.5% -56.9% 23.9% 55.84%
2021 0.6% -61.3% 1.3% 1.04%
2020 7.9% -49.0% 18.8% 5.09%
2019 12.2% -25.2% 39.0% 14.56%

NAV & Total Return History


DHSTX - Holdings

Concentration Analysis

DHSTX Category Low Category High DHSTX % Rank
Net Assets 2.26 B 3.71 M 29.6 B 21.06%
Number of Holdings 135 1 2442 79.28%
Net Assets in Top 10 478 M -493 M 3.93 B 14.76%
Weighting of Top 10 22.11% 1.9% 100.0% 21.38%

Top 10 Holdings

  1. State Street Instl US Govt MMkt Premier 7.21%
  2. Firstcash inc 5.38% 2.04%
  3. Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp 6% 2.03%
  4. Twitter Inc 3.88% 1.92%
  5. United Wholesale Mortgage Llc 5.5% 1.75%
  6. Freedom Mortgage Corporation 8.12% 1.74%
  7. Radian Group Inc. 4.88% 1.74%
  8. GCP Applied Technologies Inc. 5.5% 1.74%
  9. Grubhub Holdings Inc 5.5% 1.71%
  10. Energen Corporation 7.12% 1.63%

Asset Allocation

Weighting Return Low Return High DHSTX % Rank
Bonds
89.75% 0.00% 147.88% 81.76%
Cash
7.21% -44.84% 100.00% 7.32%
Convertible Bonds
3.02% 0.00% 19.02% 18.49%
Preferred Stocks
0.02% 0.00% 19.22% 44.79%
Stocks
0.00% -10.91% 31.60% 88.21%
Other
0.00% -52.60% 32.06% 68.61%

Bond Sector Breakdown

Weighting Return Low Return High DHSTX % Rank
Corporate
92.33% 0.00% 100.00% 70.81%
Cash & Equivalents
7.21% 0.00% 100.00% 11.43%
Securitized
0.45% 0.00% 95.33% 28.07%
Derivative
0.00% 0.00% 46.55% 68.07%
Municipal
0.00% 0.00% 11.44% 59.38%
Government
0.00% 0.00% 99.89% 73.17%

Bond Geographic Breakdown

Weighting Return Low Return High DHSTX % Rank
US
77.98% 0.00% 123.46% 61.29%
Non US
11.77% 0.00% 96.27% 56.58%

DHSTX - Expenses

Operational Fees

DHSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.01% 4.79% 72.39%
Management Fee 0.45% 0.00% 1.84% 18.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.17% 0.00% 0.50% 82.71%

Sales Fees

DHSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

DHSTX 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.

DHSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 173.00% 0.00% 349.00% 96.03%

DHSTX - Distributions

Dividend Yield Analysis

DHSTX Category Low Category High DHSTX % Rank
Dividend Yield 4.38% 0.00% 3.95% 60.22%

Dividend Distribution Analysis

DHSTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DHSTX Category Low Category High DHSTX % Rank
Net Income Ratio 4.79% -2.17% 10.53% 58.47%

Capital Gain Distribution Analysis

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

Distributions History

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DHSTX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 36.96 6.44 2.08