DHHYX — Diamond Hill High Yield Fund
Data updated: 2021-08-30
DHHYX — Diamond Hill High Yield Fund. Corporate Bond · $1.15B AUM · 0.55% expense ratio · 17.5% 1-yr return. Holdings, fees, performance and SEC filings.
DHHYX Fund Overview
DHHYX — Diamond Hill High Yield Fund is a US mutual fund managed by Diamond Hill Funds, categorised as Corporate Bond. 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: Corporate Bond
- Assets under management: $1.15B
- 1-year return: 17.5%
- Ticker: DHHYX
- SEC CIK: 0001032423
- SEC series ID: S000052103
- Share class ID: C000163960
DHHYX Investment Objective and Strategy
Diamond Hill High Yield 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 High Yield Fund is high current income with the opportunity for capital appreciation.
Principal investment strategy
Under normal market conditions, the fund intends to provide exposure to high yield securities by investing at least 80% of its net assets in a diversified portfolio of corporate debt securities that are rated at the time of purchase below investment grade or are unrated. These investments are also known as junk bonds, high yield bonds, and non-investment grade bonds, and may include so called distressed debt. Such securities may be public or privately placed U.S. dollar denominated debt securities issued by U.S. and foreign companies of any size, which Diamond Hill Capital Management, Inc. (the Adviser) believes represent an attractive investment opportunity. The fund also may invest in other securities including investment grade securities. While not a part of the funds principal investment strategy of investing in corporate bonds, the fund may invest in other debt securities such as trust preferred securities, convertible securities, preferred stock, equity securities, U.S.
Government and Agency securities, and mortgage or asset-backed securities. In selecting securities for the fund, the Adviser performs a risk/reward analysis that includes an evaluation of credit risk, interest rate risk, and the legal and technical structure of the security. The Adviser will attempt to take advantage of inefficiencies that it believes exist in the fixed-income markets. The Adviser seeks to invest in securities that the Adviser expects to offer attractive prospects for current income and/or capital appreciation in relation to the risk borne.
DHHYX Performance
Total returns for DHHYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 17.5% |
| 3 years (annualised) | 15.3% |
DHHYX Risk Information
Risk metrics for DHHYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.8%
DHHYX Costs and Fees
DHHYX costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.55%
- Portfolio turnover: 186%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
DHHYX Cashflows
Over the 12 months to 2021-06, Diamond Hill High Yield Fund had net inflows of $726.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-06 | $71.73M |
| 2021-05 | −$526.83K |
| 2021-04 | $102.27M |
| 2021-03 | $65.67M |
| 2021-02 | $117.69M |
| 2021-01 | $55.97M |
DHHYX Debt Constituents
No individual debt constituents are reported in Diamond Hill High Yield Fund's latest SEC N-PORT filing.
DHHYX Prospectus and SEC Filings
Official Diamond Hill High Yield 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 2021-08-30
- Portfolio holdings (N-PORT) — filed 2021-05-28
- Portfolio holdings (N-PORT) — filed 2021-02-26
- Annual census (N-CEN) — filed 2021-03-16
- Annual census (N-CEN) — filed 2020-03-16
Related Funds
Other Corporate Bond 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.