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Name

As of 04/19/2024

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 High Yield Fund

DHHAX | Fund

$10.01

$1.15 B

0.00%

0.01%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1.15 B

Holdings in Top 10

21.9%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/19/2024

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 High Yield Fund

DHHAX | Fund

$10.01

$1.15 B

0.00%

0.01%

DHHAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Diamond Hill High Yield Fund
  • Fund Family Name
    N/A
  • Inception Date
    Dec 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal market conditions, the fund intends to provide exposure to high yield securities by investing at least 80% of its net assets in a diversified portfolio of corporate debt securities that are rated at the time of purchase below investment grade or are unrated. These investments are also known as “junk bonds,” “high yield bonds,” and “non-investment grade bonds,” and may include so called “distressed debt.” 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. The fund also may invest in other securities including investment grade securities.
While not a part of the fund’s principal investment strategy of investing in 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. 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/or capital appreciation in relation to the risk borne.
Read More

DHHAX - Performance

Return Ranking - Trailing

Period DHHAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -69.0% 13.0% 61.76%
1 Yr N/A -14.1% 50.8% 23.94%
3 Yr N/A* -11.6% 17.7% 0.83%
5 Yr N/A* -5.3% 13.9% 1.18%
10 Yr N/A* 1.4% 9.9% N/A

* Annualized

Return Ranking - Calendar

Period DHHAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -75.1% 399.1% 7.13%
2022 N/A -56.9% 226.1% 47.54%
2021 N/A -61.3% -0.4% 8.20%
2020 N/A -49.0% 18.8% 50.08%
2019 N/A -25.2% 28.6% N/A

Total Return Ranking - Trailing

Period DHHAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -69.0% 13.0% 61.76%
1 Yr N/A -16.7% 57.3% 21.98%
3 Yr N/A* -11.6% 16.5% 0.79%
5 Yr N/A* -5.3% 13.2% 1.25%
10 Yr N/A* 1.4% 9.9% N/A

* Annualized

Total Return Ranking - Calendar

Period DHHAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -75.1% 399.1% 7.13%
2022 N/A -56.9% 23.9% 30.80%
2021 N/A -61.3% 1.3% 0.45%
2020 N/A -49.0% 18.8% 1.48%
2019 N/A -25.2% 39.0% N/A

NAV & Total Return History

DHHAX - Holdings

Concentration Analysis

DHHAX Category Low Category High DHHAX % Rank
Net Assets 1.15 B 3.71 M 29.6 B 33.83%
Number of Holdings 123 1 2442 79.78%
Net Assets in Top 10 251 M -493 M 3.93 B 20.97%
Weighting of Top 10 21.90% 1.9% 100.0% 28.75%

Top 10 Holdings

  1. United Wholesale Mortgage Llc 5.5% 2.29%
  2. Firstcash inc 5.38% 1.99%
  3. LD Holdings Group LLC 6.12% 1.99%
  4. Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp 6% 1.96%
  5. Twitter Inc 3.88% 1.85%
  6. Alliance Data Systems Corporation 4.75% 1.80%
  7. Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. 5.5% 1.77%
  8. Korn Ferry 4.62% 1.71%
  9. Teva Pharmaceutical Finance Netherlands III B.V. 2.8% 1.71%
  10. Alliance Data Systems Corporation 7% 1.68%

Asset Allocation

Weighting Return Low Return High DHHAX % Rank
Bonds 		94.94% 0.00% 147.88% 60.92%
Cash 		7.48% -44.84% 100.00% 29.03%
Other 		0.02% -52.60% 32.06% 91.81%
Stocks 		0.00% -10.91% 31.60% 45.04%
Preferred Stocks 		0.00% 0.00% 19.22% 95.91%
Convertible Bonds 		0.00% 0.00% 19.02% 23.70%

Bond Sector Breakdown

Weighting Return Low Return High DHHAX % Rank
Cash & Equivalents 		7.48% 0.00% 100.00% 34.66%
Derivative 		0.00% 0.00% 46.55% 94.91%
Securitized 		0.00% 0.00% 95.33% 41.86%
Corporate 		0.00% 0.00% 100.00% 46.83%
Municipal 		0.00% 0.00% 11.44% 94.04%
Government 		0.00% 0.00% 99.89% 95.78%

Bond Geographic Breakdown

Weighting Return Low Return High DHHAX % Rank
US 		94.94% 0.00% 123.46% 46.28%
Non US 		0.00% 0.00% 96.27% 63.15%

DHHAX - Expenses

Operational Fees

DHHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.01% 0.01% 4.79% 40.59%
Management Fee 0.01% 0.00% 1.84% 37.72%
12b-1 Fee N/A 0.00% 1.00% 56.83%
Administrative Fee N/A 0.00% 0.50% 87.38%

Sales Fees

DHHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% 47.49%
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

DHHAX 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.

DHHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 349.00% 97.45%

DHHAX - Distributions

Dividend Yield Analysis

DHHAX Category Low Category High DHHAX % Rank
Dividend Yield 0.00% 0.00% 3.95% 94.21%

Dividend Distribution Analysis

DHHAX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

DHHAX Category Low Category High DHHAX % Rank
Net Income Ratio N/A -2.17% 10.53% 25.56%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DHHAX - Fund Manager Analysis

Tenure Analysis

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

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