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Diamond Hill Core Bond Fund

mutual fund
DHRAX
Payout Change
Pending
Price as of:
$9.04 -0.03 -0.33%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Y (DHRYX) I (DHRIX) Investor (DHRAX)
DHRAX (Mutual Fund)

Diamond Hill Core Bond Fund

Payout Change
Pending
Price as of:
$9.04 -0.03 -0.33%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Y (DHRYX) I (DHRIX) Investor (DHRAX)
DHRAX (Mutual Fund)

Diamond Hill Core Bond Fund

Payout Change
Pending
Price as of:
$9.04 -0.03 -0.33%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Y (DHRYX) I (DHRIX) Investor (DHRAX)

Name

As of 12/13/2024

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 Core Bond Fund

DHRAX | Fund

$9.04

$1.91 B

4.48%

$0.41

0.76%

Vitals

YTD Return

3.8%

1 yr return

4.3%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

0.5%

Net Assets

$1.91 B

Holdings in Top 10

14.9%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/13/2024

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 Core Bond Fund

DHRAX | Fund

$9.04

$1.91 B

4.48%

$0.41

0.76%

DHRAX - Profile

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.78%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Diamond Hill Core Bond Fund
  • Fund Family Name
    Diamond Hill Funds
  • Inception Date
    Jul 05, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Henry Song

Fund Description

Under normal market conditions, the fund intends to provide total return by investing at least 80% of its net assets (plus any amounts borrowed for investment purposes) in a diversified portfolio of investment grade, fixed income securities, including bonds, debt securities and other similar U.S. dollar-denominated instruments issued by various U.S. public- or private-sector entities, by non-U.S. corporations or U.S. affiliates of non-U.S. corporations, including those in emerging markets. The fund may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities at the discretion of Diamond Hill Capital Management, Inc. (the “Adviser”).
Under normal circumstances, the fund will maintain an average portfolio duration of plus or minus 20% of the duration of the Bloomberg US Aggregate Bond Index. The Bloomberg US Aggregate Bond Index is a broad-based index that represents the investment grade, US dollar-denominated fixed-rate taxable bond market. Duration of the Bloomberg US Aggregate Bond Index was 6.25 as of its last reconstitution date of January 31, 2024. Duration is an approximate measure of a bond’s price sensitivity to changes in interest rates. For instance, a duration of “three” means that a security’s or portfolio’s price would be expected to decrease by approximately 3% with a 1% increase in interest rates (assuming a parallel shift in yield curve).
In selecting securities for the fund, the Adviser performs a risk/reward analysis that includes an evaluation of credit risk, interest rate risk, prepayment 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.
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DHRAX - Performance

Return Ranking - Trailing

Period DHRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -5.3% 11.4% 12.23%
1 Yr 4.3% -4.6% 13.6% 13.68%
3 Yr -1.2%* -10.4% 28.2% 12.46%
5 Yr 0.5%* -7.2% 58.6% 28.03%
10 Yr N/A* -2.9% 73.9% N/A

* Annualized

Return Ranking - Calendar

Period DHRAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -16.2% 8.1% 60.60%
2022 -14.2% -34.7% 131.9% 12.02%
2021 -3.2% -11.6% 4.4% 40.93%
2020 5.4% -9.9% 946.1% 23.25%
2019 4.9% -1.7% 16.9% 70.23%

Total Return Ranking - Trailing

Period DHRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -5.3% 11.4% 12.23%
1 Yr 4.3% -4.6% 13.6% 13.68%
3 Yr -1.2%* -10.4% 28.2% 12.46%
5 Yr 0.5%* -7.2% 58.6% 28.03%
10 Yr N/A* -2.9% 73.9% N/A

* Annualized

Total Return Ranking - Calendar

Period DHRAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -11.3% 11.9% 44.49%
2022 -12.0% -32.2% 131.9% 11.91%
2021 -1.4% -9.4% 9.2% 65.52%
2020 7.6% -1.9% 1009.0% 67.89%
2019 7.6% 1.1% 21668.0% 79.71%

NAV & Total Return History

DHRAX - Holdings

Concentration Analysis

DHRAX Category Low Category High DHRAX % Rank
Net Assets 1.91 B 2.9 M 314 B 45.91%
Number of Holdings 1071 1 17880 38.32%
Net Assets in Top 10 289 M 1.62 M 35.1 B 56.18%
Weighting of Top 10 14.88% 4.7% 3984.6% 82.06%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund, Premier Class 3.11%
  2. U.S. Treasury Bonds 3.00%, due 02/15/2048 2.85%
  3. U.S. Treasury Bonds 1.375%, Due 11/15/2040 1.47%
  4. U.S. TREASURY BONDS 2.25%, DUE 08/15/2046 1.36%
  5. U.S. Treasury Notes 0.625%, Due 08/15/2030 1.11%
  6. U.S. Treasury Bonds 1.125%, Due 08/15/2040 1.05%
  7. U.S. TREASURY INFLATION-PROTECTED NOTES 0.625%, DUE 02/15/2043 1.02%
  8. U.S. Treasury Notes 1.25%, Due 09/30/2028 0.99%
  9. State Street Navigator Securities Lending Portfolio I 0.98%
  10. FARM Mortgage Trust Series 2021-1, Class A 0.94%

Asset Allocation

Weighting Return Low Return High DHRAX % Rank
Other 		52.55% -27.25% 1695.17% 1.25%
Bonds 		44.34% 0.00% 9231.88% 97.93%
Cash 		4.09% -54.51% 237.69% 41.23%
Convertible Bonds 		0.40% 0.00% 7.93% 83.68%
Stocks 		0.00% 0.00% 99.98% 80.62%
Preferred Stocks 		0.00% 0.00% 72.34% 78.61%

Bond Sector Breakdown

Weighting Return Low Return High DHRAX % Rank
Securitized 		60.08% 0.00% 98.40% 7.64%
Government 		20.91% 0.00% 86.23% 60.36%
Corporate 		16.73% 0.00% 100.00% 88.70%
Cash & Equivalents 		4.09% 0.00% 237.69% 41.23%
Derivative 		0.00% -6.56% 44.82% 61.16%
Municipal 		0.00% 0.00% 100.00% 91.21%

Bond Geographic Breakdown

Weighting Return Low Return High DHRAX % Rank
US 		44.34% 0.00% 9042.62% 97.92%
Non US 		0.00% 0.00% 189.26% 81.83%

DHRAX - Expenses

Operational Fees

DHRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.01% 39.64% 42.42%
Management Fee 0.30% 0.00% 1.76% 34.63%
12b-1 Fee 0.25% 0.00% 1.00% 50.33%
Administrative Fee 0.21% 0.01% 0.50% 87.80%

Sales Fees

DHRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% 77.65%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DHRAX 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.

DHRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 2.00% 493.39% 11.17%

DHRAX - Distributions

Dividend Yield Analysis

DHRAX Category Low Category High DHRAX % Rank
Dividend Yield 4.48% 0.00% 10.11% 21.04%

Dividend Distribution Analysis

DHRAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

DHRAX Category Low Category High DHRAX % Rank
Net Income Ratio 1.78% -1.28% 4.79% 44.80%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DHRAX - Fund Manager Analysis

Managers

Henry Song

Start Date

Tenure

Tenure Rank

Jul 05, 2016

5.91

5.9%

Henry serves as a Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2016. Prior to joining Diamond Hill, Henry was a Portfolio Manager at J.P. Morgan Asset Management from 2005 to 2016. Henry has a Bachelor of Business Administration from the University of Michigan.

Mark Jackson

Start Date

Tenure

Tenure Rank

Jul 05, 2016

5.91

5.9%

Mark serves as a Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2016. Prior to joining Diamond Hill, Mark was Managing Director and Portfolio Manager at J.P. Morgan Asset Management from 1996 to 2016. From 1993 to 1995, he was a Portfolio Manager for Alexander Hamilton Life Insurance Company. From 1985 to 1993, Mark was a Portfolio Manager for Public Employees Retirement System of Ohio. Mark has a Bachelor of Science in Finance from Miami University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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