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Diamond Hill High Yield Fund
mutual fund
DHHAX
Payout Change
Pending
Price as of:
$10.4
+0.04
+0.39%
primary theme
N/A
share class
DHHAX (Mutual Fund)
Diamond Hill High Yield Fund
Payout Change
Pending
Price as of:
$10.4
+0.04
+0.39%
primary theme
N/A
share class
DHHAX (Mutual Fund)
Diamond Hill High Yield Fund
Payout Change
Pending
Price as of:
$10.4
+0.04
+0.39%
primary theme
N/A
share class
Name
As of 12/11/2024Price
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
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
$10.4
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 12/11/2024Price
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
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
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameDiamond Hill High Yield Fund
-
Fund Family NameN/A
-
Inception DateDec 31, 2015
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
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.
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
- United Wholesale Mortgage Llc 5.5% 2.29%
- Firstcash inc 5.38% 1.99%
- LD Holdings Group LLC 6.12% 1.99%
- Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp 6% 1.96%
- Twitter Inc 3.88% 1.85%
- Alliance Data Systems Corporation 4.75% 1.80%
- Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp. 5.5% 1.77%
- Korn Ferry 4.62% 1.71%
- Teva Pharmaceutical Finance Netherlands III B.V. 2.8% 1.71%
- 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 |
