Core Bond Fund
Total net assets
$1.7B
As of
31 Mar 2024
Tickers
DHRAX (Investor)
DHRIX (Class I)
DHRYX (Class Y)
Past performance is not indicative of future results. Investment returns and principal values will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund’s current performance may be lower or higher than the performance quoted. Performance assumes reinvestment of all distributions. Returns for periods less than one year are not annualized.
Calendar Year Returns (%)
"We believe our philosophy, process and long-term view enable us to identify undervalued bonds. We emphasize the securitized product market because, historically, this area has been less efficient in pricing these securities while arguably offering higher-quality bonds than the corporate bond market."
—Henry Song, CFA, Portfolio Manager
Learn more about our philosophy
Statistics
Portfolio Characteristics1
As of
31 Mar 2024
Portfolio Statistics
As of
31 Mar 2024
Five-Year Risk Statistics2 As of
31 Mar 2024 (Class I Shares)
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Portfolio
Portfolio Guidelines
The portfolio generally invests at least 80% of its assets in a diversified portfolio of investment grade, fixed income securities and may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities. The portfolio will typically maintain an average portfolio duration within 20% of the duration of the Bloomberg US Aggregate Bond Index.
Sector Allocation3 (%) As of
31 Mar 2024
Bloomberg US Aggregate Bond Index
Duration Breakdown (%)As of
31 Mar 2024
|
Core Bond Fund |
Bloomberg US Aggregate Bond Index |
| Less than one |
15.4 |
1.6 |
| 1-3 |
18.6 |
24.6 |
| 3-5 |
18.8 |
23.6 |
| 5-7 |
16.3 |
25.0 |
| 7-10 |
13.5 |
9.1 |
| 10-20 |
17.1 |
16.1 |
| 20+ |
0.3 |
0.0 |
Credit Quality Rating4 (%) As of
31 Mar 2024
| AAA |
7.6 |
| AA |
59.3 |
| A |
14.4 |
| BBB |
15.9 |
| BB |
0.1 |
| B |
0.0 |
| CCC & Below |
0.0 |
| Not Rated |
2.7 |
Key Rate Duration (%) As of
31 Mar 2024
|
Core Bond Fund |
Bloomberg US Aggregate Bond Index |
| 1Y |
0.10 |
0.11 |
| 2Y |
0.16 |
0.24 |
| 3Y |
0.35 |
0.48 |
| 5Y |
0.95 |
1.23 |
| 10Y |
1.77 |
1.32 |
| 20Y |
1.85 |
1.52 |
| 30Y |
0.59 |
1.09 |
No distributions shown for the selected filter values
Disclosure
Carefully consider the Fund’s investment objectives, risks and expenses. This and other important information are contained in the Fund’s prospectus and summary prospectus, which are available at diamond-hill.com or calling 888.226.5595. Read carefully before investing. The Diamond Hill Funds are distributed by Foreside Financial Services, LLC (Member FINRA). Diamond Hill Capital Management, Inc., a registered investment adviser, serves as Investment Adviser to the Diamond Hill Funds and is paid a fee for its services. Not FDIC insured | No bank guarantee | May lose value
See diamond-hill.com/disclosures for index definitions, data sources and other definitions.
Risk disclosure: In general, when interest rates rise, fixed income values fall. Mortgage- and asset-backed securities are influenced by factors affecting the housing market and the assets underlying such securities. The securities may decline in value, face valuation difficulties and become more volatile and/or illiquid. They are also subject to prepayment risk, which occurs when mortgage holders refinance or repay loans sooner than expected, creating an early return of principal to loan holders.
Fund holdings, sector allocations and portfolio statistics subject to change without notice.
Analytics provided by The Yield Book® Software.
1 The 30-day SEC Yield represents net investment income earned by the fund over the previous 30-day period, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-day period.
2 Relative to the Bloomberg US Aggregate Bond Index.
3 Cash & Other may include cash and money market funds. RMBS: Residential Mortgage-Backed Securities, CMBS: Commercial Mortgage-Backed Securities.
4 Security quality ratings are derived from underlying portfolio securities by using the middle rating of Standard & Poor’s, Moody’s and Fitch. If only two of Standard & Poor’s, Moody’s and Fitch rates a security the higher of the two is selected. If only one of Standard & Poor’s, Moody’s and Fitch rates a security the available rating is used. For securities that are not rated by Standard & Poor’s, Moody’s or Fitch a rating from a secondary Nationally Recognized Statistical Rating Organization (“NRSRO”) may be used. Ratings by any agency represent an opinion only, not a recommendation to buy or sell. Securities that are not rated by any agencies are reflected as Not Rated “NR”.
DIAMOND HILL® CAPITAL MANAGEMENT, INC. | DIAMOND-HILL.COM | 855.255.8955 | 325 JOHN H. MCCONNELL BLVD | SUITE 200 | COLUMBUS, OHIO 43215