Diamond Hill Small-Mid Cap Fund (DHMAX)
The fund normally invests at least 80% of its net assets in U.S. equity securities with small and medium market capitalizations that the Adviser believes are undervalued. Small and mid cap companies are defined as companies with market capitalizations at the time of purchase between $500 million and $10 billion or in the range of those market capitalizations of companies included in the Russell 2500 Index at the time of purchase. The Adviser focuses on estimating a company's value independent of its current stock price.
Fund Info
| ISIN | US25264S8171 |
|---|---|
| CUSIP | 25264S817 |
| Issuer | Diamond Hill |
| Inception Date | Dec 30, 2005 |
| Category | Mid Cap Value Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Value |
Expense Ratio
DHMAX has a high expense ratio of 1.21%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Diamond Hill Small-Mid Cap 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 Small-Mid Cap Fund had a return of 0.47% year-to-date (YTD) and 9.86% in the last 12 months. Over the past 10 years, Diamond Hill Small-Mid Cap Fund had an annualized return of 6.34%, while the S&P 500 had an annualized return of 10.37%, indicating that Diamond Hill Small-Mid Cap Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.47% | 5.57% |
| 1 month | -6.33% | -4.16% |
| 6 months | 21.54% | 20.07% |
| 1 year | 9.86% | 20.82% |
| 5 years (annualized) | 6.36% | 11.56% |
| 10 years (annualized) | 6.34% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.75% | 3.58% | 4.34% | |||||||||
| 2023 | -6.78% | 9.78% | 10.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DHMAX is 25, indicating that it is in the bottom 25% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Diamond Hill Small-Mid Cap Fund(DHMAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Diamond Hill Small-Mid Cap Fund (DHMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Diamond Hill Small-Mid Cap Fund granted a 0.99% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $1.15 | $1.56 | $0.11 | $1.09 | $0.84 | $0.70 | $0.37 | $0.22 | $0.02 | $0.79 |
Dividend yield | 0.99% | 1.00% | 5.01% | 5.55% | 0.49% | 4.81% | 4.51% | 3.13% | 1.74% | 1.20% | 0.10% | 4.46% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Small-Mid Cap 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2013 | $0.79 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Diamond Hill Small-Mid Cap 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 Small-Mid Cap Fund was 57.04%, occurring on Mar 9, 2009. Recovery took 283 trading sessions.
The current Diamond Hill Small-Mid Cap Fund drawdown is 6.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -57.04% | Jun 5, 2007 | 442 | Mar 9, 2009 | 283 | Apr 22, 2010 | 725 |
| -45.46% | Jan 3, 2020 | 55 | Mar 23, 2020 | 188 | Dec 17, 2020 | 243 |
| -24.36% | May 2, 2011 | 108 | Oct 3, 2011 | 303 | Dec 18, 2012 | 411 |
| -23.02% | Jan 5, 2022 | 456 | Oct 27, 2023 | 103 | Mar 27, 2024 | 559 |
| -21.2% | Aug 30, 2018 | 80 | Dec 24, 2018 | 181 | Sep 13, 2019 | 261 |
Volatility
Volatility Chart
The current Diamond Hill Small-Mid Cap Fund volatility is 4.52%, 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.