DROCX — Diamond Hill Research Opportunities Fund

Data updated: 2020-11-30

DROCX — Diamond Hill Research Opportunities Fund. Emerging Markets Value Equity · $33.45M AUM. Holdings, fees, performance and SEC filings.

DROCX Fund Overview

DROCX — Diamond Hill Research Opportunities 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: $33.45M
1-year return: 5.8%
Ticker: DROCX
SEC CIK: 0001032423
SEC series ID: S000035035
Share class ID: C000107762

DROCX Investment Objective and Strategy

Diamond Hill Research Opportunities 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 Research Opportunities Fund is to provide long-term capital appreciation.

Principal investment strategy

The fund, under normal market conditions, invests its assets primarily in U.S. equity securities of any size that Diamond Hill Capital Management, Inc. (the Adviser) believes are undervalued. The fund may also invest up to 40% of its net assets in foreign equity securities, including equity securities in emerging market countries. Equity securities consist of common and preferred stocks. The fund is managed by a team of research analysts of the Adviser, each of whom is a co-manager of the fund. Research analysts are organized into sector teams. Within the sector teams, each analyst is assigned assets and is responsible for an industry-specific portion of the portfolio (the Sleeve). Each co-manager is directly responsible for selecting securities and determining security weights within their respective Sleeve.

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. The fund may sell securities short. Short sales are effected when it is believed that the price of a particular security will decline, and involves the sale of a security which the fund does not own in hopes of purchasing the same security at a later date at a lower price. To make delivery to the buyer, the fund must borrow the security, and the fund is obligated to return the security to the lender, which is accomplished by a later purchase of the security by the fund. The frequency of short sales will vary substantially in different periods, and it is not intended that any specified portion of the funds assets will as a matter of practice be invested in short sales. The fund will not make a short sale if, immediately before the transaction, the market value of all securities sold short exceeds 70% of the value of the funds net assets.

Once a stock is purchased or sold short, the Adviser continues to monitor the companys strategies, financial performance and competitive environment. The Adviser may sell a security (or repurchase a security sold short) 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 improving in the case of a short sale); or, if it identifies a stock that it believes offers a better investment opportunity.

DROCX Performance

Total returns for DROCX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	5.8%

DROCX Risk Information

Risk metrics for DROCX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 5.8%

DROCX Costs and Fees

DROCX costs about $254 per $10,000 invested per year in fund expenses.

Net expense ratio: 2.54%
Gross expense ratio: 2.54%
Portfolio turnover: 74%
Brokerage commissions: 7.89 bps of average net assets (SEC N-CEN)

DROCX Cashflows

Over the 12 months to 2020-09, Diamond Hill Research Opportunities Fund had net outflows of $39.01M, from monthly SEC N-PORT filings.

Month	Net flow
2020-09	−$1.72M
2020-08	−$7.62M
2020-07	−$930.52K
2020-06	−$3.61M
2020-05	−$3.42M
2020-04	−$981.78K

DROCX Debt Constituents

No individual debt constituents are reported in Diamond Hill Research Opportunities Fund's latest SEC N-PORT filing.

DROCX Prospectus and SEC Filings

Official Diamond Hill Research Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

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.