DHGBX — Diamond Hill Global Fund
Data updated: 2021-11-29
DHGBX — Diamond Hill Global Fund. Emerging Markets Value Equity · $15.65M AUM · 1.13% expense ratio. Holdings, fees, performance and SEC filings.
DHGBX Fund Overview
DHGBX — Diamond Hill Global Fund is a US mutual fund managed by Diamond Hill Funds, categorised as Emerging Markets Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Diamond Hill Funds
- Category: Emerging Markets Value Equity
- Assets under management: $15.65M
- 1-year return: -32.9%
- Ticker: DHGBX
- SEC CIK: 0001032423
- SEC series ID: S000059248
- Share class ID: C000194520
DHGBX Investment Objective and Strategy
Diamond Hill Global Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Diamond Hill Funds.
Investment objective
The investment objective of the Diamond Hill Global Fund is to provide long-term capital appreciation.
Principal investment strategy
The fund, under normal market conditions, invests its assets primarily in U.S. and foreign equity securities of any size, or from any country, including emerging market countries, that Diamond Hill Capital Management, Inc. (the Adviser) believes are undervalued. Equity securities consist of common and preferred stocks. Under normal market conditions, the fund will invest between 40% and 70% of its net assets in securities issued by companies (i) that are headquartered or have their principal place of business outside the U.S., (ii) whose primary trading markets are outside the U.S. or (iii) that have at least 50% of their assets in, or expect to derive at least 50% of their total revenues or profits from, goods or services produced in or sales made in countries outside the U.S. However, if market conditions are not deemed favorable by the Adviser, the fund may limit its investments outside the U.S.
to 30% of its net assets. Emerging market countries include those generally recognized to be an emerging market country by the international financial community, including the World Bank; classified by the United Nations as a developing country; or classified as an emerging market country by Morningstar, Inc. The Adviser focuses on estimating a companys value independent of its current stock price. To estimate a companys value, the Adviser concentrates on the fundamental economic drivers of the business. The primary focus is on bottom-up analysis, which takes into consideration earnings, revenue growth, operating margins and other economic factors. The Adviser also considers the level of industry competition, regulatory factors, the threat of technological obsolescence, and a variety of other industry factors.
If the Advisers estimate of a companys value differs sufficiently from the current market price, the company may be an attractive investment opportunity. In constructing a portfolio of securities, the Adviser is not constrained by the sector or industry weights in the benchmark. The Adviser relies on individual stock selection and discipline in the investment process to add value. The highest portfolio security weights are assigned to companies where the Adviser has the highest level of conviction. Once a stock is selected, the Adviser continues to monitor the companys strategies, financial performance and competitive environment. The Adviser may sell a security as it reaches the Advisers estimate of the companys value; if it believes that the companys earnings, revenue growth, operating margin or other economic factors are deteriorating, or if it identifies a stock that it believes offers a better investment opportunity.
DHGBX Performance
Total returns for DHGBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -32.9% |
| 3 years (annualised) | -19.4% |
DHGBX Risk Information
Risk metrics for DHGBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.7%
DHGBX Costs and Fees
DHGBX costs about $113 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.13%
- Gross expense ratio: 1.13%
- Portfolio turnover: 110%
- Brokerage commissions: 18.69 bps of average net assets (SEC N-CEN)
DHGBX Cashflows
Over the 12 months to 2021-09, Diamond Hill Global Fund had net outflows of $1.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | −$275.35K |
| 2021-08 | −$42.37K |
| 2021-07 | −$58.20K |
| 2021-06 | −$124.42K |
| 2021-05 | −$26.31K |
| 2021-04 | $71.27K |
DHGBX Debt Constituents
No individual debt constituents are reported in Diamond Hill Global Fund's latest SEC N-PORT filing.
DHGBX Prospectus and SEC Filings
Official Diamond Hill Global Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-05
- Prospectus (485BPOS) — filed 2019-03-12
- Portfolio holdings (N-PORT) — filed 2021-11-29
- Portfolio holdings (N-PORT) — filed 2021-08-30
- Portfolio holdings (N-PORT) — filed 2021-05-28
- Annual census (N-CEN) — filed 2021-03-16
- Annual census (N-CEN) — filed 2020-03-16
Related Funds
Other Emerging Markets Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.