Diamond Hill Core Bond Fund (DHRAX)
The investment seeks to maximize total return consistent with the preservation of capital. The fund seeks 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. It may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities at the discretion of the Adviser.
Fund Info
ISIN | US25264S5284 |
---|---|
CUSIP | 25264S528 |
Issuer | Diamond Hill |
Inception Date | Jul 5, 2016 |
Category | Intermediate Core Bond |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
DHRAX has a high expense ratio of 0.76%, 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 Core 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 Core Bond Fund had a return of -0.99% year-to-date (YTD) and 0.88% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.99% | 7.50% |
1 month | -0.39% | -1.61% |
6 months | 5.02% | 17.65% |
1 year | 0.88% | 26.26% |
5 years (annualized) | 0.63% | 11.73% |
10 years (annualized) | N/A | 10.64% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.27% | -1.06% | 0.86% | -2.28% | ||||||||
2023 | -1.89% | 4.27% | 3.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DHRAX is 8, indicating that it is in the bottom 8% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Diamond Hill Core Bond Fund(DHRAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Diamond Hill Core Bond Fund (DHRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Diamond Hill Core Bond Fund granted a 4.44% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|---|---|
Dividend | $0.39 | $0.37 | $0.24 | $0.21 | $0.22 | $0.25 | $0.26 | $0.22 | $0.07 |
Dividend yield | 4.44% | 4.05% | 2.63% | 1.99% | 2.05% | 2.49% | 2.69% | 2.24% | 0.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Diamond Hill Core 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.03 | $0.04 | $0.04 | ||||||||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 |
2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 |
2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 |
2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 |
2019 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
2016 | $0.03 | $0.02 | $0.02 | $0.02 |
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 Core 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 Core Bond Fund was 16.15%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Diamond Hill Core Bond Fund drawdown is 8.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-16.15% | Aug 5, 2021 | 308 | Oct 24, 2022 | — | — | — |
-7.28% | Mar 10, 2020 | 12 | Mar 25, 2020 | 81 | Jul 21, 2020 | 93 |
-5.61% | Jul 7, 2016 | 114 | Dec 15, 2016 | 511 | Dec 28, 2018 | 625 |
-3.21% | Aug 5, 2020 | 156 | Mar 18, 2021 | 94 | Aug 2, 2021 | 250 |
-2.11% | Sep 5, 2019 | 7 | Sep 13, 2019 | 91 | Jan 24, 2020 | 98 |
Volatility
Volatility Chart
The current Diamond Hill Core Bond Fund volatility is 1.90%, 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.