Diamond Hill Mid Cap Fund (DHPAX)
The investment seeks to provide long-term capital appreciation. The fund, under normal market conditions, invests at least 80% of its net assets in U.S. equity securities with medium market capitalizations that Diamond Hill Capital Management, Inc. ("the Adviser") believes are undervalued. Equity securities consist of common and preferred stocks. Mid cap companies are defined as companies with market capitalizations at the time of purchase between $1.5 billion and $20 billion or in the range of those market capitalizations of companies included in the Russell Midcap Index at the time of purchase.
Fund Info
| ISIN | US25264S6357 |
|---|---|
| CUSIP | 25264S635 |
| Issuer | Diamond Hill |
| Inception Date | Dec 31, 2013 |
| Category | Mid Cap Value Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Value |
Expense Ratio
DHPAX has a high expense ratio of 1.07%, indicating higher-than-average management fees.
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 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 Mid Cap Fund had a return of 3.91% year-to-date (YTD) and 17.84% in the last 12 months. Over the past 10 years, Diamond Hill Mid Cap Fund had an annualized return of 6.89%, while the S&P 500 had an annualized return of 10.33%, indicating that Diamond Hill Mid Cap Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.91% | 5.21% |
| 1 month | -4.55% | -4.30% |
| 6 months | 24.42% | 18.42% |
| 1 year | 17.84% | 21.82% |
| 5 years (annualized) | 5.72% | 11.27% |
| 10 years (annualized) | 6.89% | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.18% | 4.53% | 4.92% | -5.08% | ||||||||
| 2023 | -5.37% | 10.20% | 9.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DHPAX is 53, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Diamond Hill Mid Cap Fund(DHPAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Diamond Hill Mid Cap Fund (DHPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Diamond Hill Mid Cap Fund granted a 2.11% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.76 | $0.06 | $0.08 | $0.26 | $0.34 | $0.20 | $0.08 | $0.04 | $0.06 |
Dividend yield | 2.11% | 2.19% | 4.96% | 0.30% | 0.53% | 1.79% | 2.84% | 1.49% | 0.63% | 0.35% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill 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 | $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 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2014 | $0.06 |
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 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 Mid Cap Fund was 46.59%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current Diamond Hill Mid Cap Fund drawdown is 5.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.59% | Jan 3, 2020 | 55 | Mar 23, 2020 | 200 | Jan 6, 2021 | 255 |
| -24.02% | Jan 18, 2022 | 448 | Oct 27, 2023 | 103 | Mar 27, 2024 | 551 |
| -19.92% | Sep 24, 2018 | 64 | Dec 24, 2018 | 81 | Apr 23, 2019 | 145 |
| -15.74% | Jun 24, 2015 | 148 | Jan 25, 2016 | 90 | Jun 2, 2016 | 238 |
| -10.48% | Jul 2, 2014 | 72 | Oct 13, 2014 | 50 | Dec 23, 2014 | 122 |
Volatility
Volatility Chart
The current Diamond Hill Mid Cap Fund volatility is 3.84%, 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.