Diamond Hill Short Duration Securitized Bond Fund (DHEAX)
Under normal market conditions, the fund invests at least 80% of its net assets in securitized bond investments. It will maintain an average portfolio duration of less than three, although under certain market conditions, such as periods of significant volatility in interest rates and spreads, the fund’s average duration may be longer than three.
Fund Info
US25264S5516
25264S551
Jul 5, 2016
$2,500
Expense Ratio
DHEAX features an expense ratio of 0.83%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Diamond Hill Short Duration Securitized Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Diamond Hill Short Duration Securitized Bond Fund had a return of 1.10% year-to-date (YTD) and 9.10% in the last 12 months.
DHEAX
1.10%
0.69%
3.84%
9.10%
3.80%
N/A
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Monthly Returns
The table below presents the monthly returns of DHEAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.79% | 1.10% | |||||||||||
| 2024 | 0.93% | 0.52% | 0.83% | 0.14% | 1.06% | 0.81% | 1.21% | 1.02% | 0.89% | -0.01% | 0.78% | 0.61% | 9.14% |
| 2023 | 1.52% | 0.08% | 0.18% | 0.53% | 0.22% | 0.12% | 1.19% | 0.98% | 0.45% | 0.42% | 1.08% | 1.32% | 8.38% |
| 2022 | -0.41% | -0.53% | -1.29% | -0.28% | -0.47% | -0.54% | 0.49% | 0.00% | -1.01% | -0.72% | 0.67% | 0.47% | -3.57% |
| 2021 | 1.01% | 0.19% | 0.24% | 0.26% | 0.27% | 0.17% | 0.29% | 0.06% | 0.06% | -0.13% | -0.02% | -0.01% | 2.40% |
| 2020 | 0.69% | 0.63% | -8.82% | -1.00% | 2.26% | 3.91% | 1.08% | 1.07% | 1.14% | 0.93% | 0.72% | 0.79% | 2.87% |
| 2019 | 0.30% | 0.37% | 0.70% | 0.28% | 0.48% | 0.86% | 0.18% | 0.49% | 0.10% | 0.34% | 0.14% | 0.09% | 4.39% |
| 2018 | 0.06% | 0.07% | 0.38% | 0.18% | 0.39% | 0.15% | 0.31% | 0.30% | 0.17% | 0.01% | 0.39% | 0.40% | 2.83% |
| 2017 | 0.22% | 0.54% | 0.25% | 0.35% | 0.57% | 0.28% | 0.47% | 0.47% | 0.04% | 0.36% | 0.07% | 0.17% | 3.84% |
| 2016 | 0.60% | 0.03% | 0.44% | 0.19% | -0.30% | 0.23% | 1.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, DHEAX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Diamond Hill Short Duration Securitized Bond Fund (DHEAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Diamond Hill Short Duration Securitized Bond Fund provided a 5.89% dividend yield over the last twelve months, with an annual payout of $0.59 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.59 | $0.51 | $0.32 | $0.23 | $0.30 | $0.38 | $0.34 | $0.31 | $0.08 |
Dividend yield | 5.89% | 5.94% | 5.25% | 3.41% | 2.29% | 2.92% | 3.71% | 3.39% | 3.08% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Short Duration Securitized Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.51 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2016 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Diamond Hill Short Duration Securitized Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Diamond Hill Short Duration Securitized Bond Fund was 12.34%, occurring on Mar 25, 2020. Recovery took 159 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.34% | Mar 9, 2020 | 13 | Mar 25, 2020 | 159 | Nov 9, 2020 | 172 |
| -5.08% | Nov 8, 2021 | 250 | Nov 3, 2022 | 185 | Aug 2, 2023 | 435 |
| -0.69% | Jul 7, 2016 | 4 | Jul 12, 2016 | 39 | Sep 6, 2016 | 43 |
| -0.5% | Nov 8, 2016 | 27 | Dec 15, 2016 | 20 | Jan 17, 2017 | 47 |
| -0.39% | Sep 5, 2019 | 7 | Sep 13, 2019 | 12 | Oct 1, 2019 | 19 |
Volatility
Volatility Chart
The current Diamond Hill Short Duration Securitized Bond Fund volatility is 0.30%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.