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Trending ETFs

Diamond Hill Mid Cap Fund

mutual fund
DHPAX
Payout Change
Pending
Price as of:
$18.95 -0.05 -0.26%
primary theme
U.S. Mid-Cap Value Equity
share class
I (DHPIX) Investor (DHPAX) Y (DHPYX)
DHPAX (Mutual Fund)

Diamond Hill Mid Cap Fund

Payout Change
Pending
Price as of:
$18.95 -0.05 -0.26%
primary theme
U.S. Mid-Cap Value Equity
share class
I (DHPIX) Investor (DHPAX) Y (DHPYX)
DHPAX (Mutual Fund)

Diamond Hill Mid Cap Fund

Payout Change
Pending
Price as of:
$18.95 -0.05 -0.26%
primary theme
U.S. Mid-Cap Value Equity
share class
I (DHPIX) Investor (DHPAX) Y (DHPYX)

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Diamond Hill Mid Cap Fund

DHPAX | Fund

$18.95

$166 M

0.19%

$0.04

1.06%

Vitals

YTD Return

15.8%

1 yr return

22.2%

3 Yr Avg Return

3.6%

5 Yr Avg Return

7.4%

Net Assets

$166 M

Holdings in Top 10

37.4%

52 WEEK LOW AND HIGH

$19.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.06%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Diamond Hill Mid Cap Fund

DHPAX | Fund

$18.95

$166 M

0.19%

$0.04

1.06%

DHPAX - Profile

Distributions

  • YTD Total Return 15.8%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.30%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Diamond Hill Mid Cap Fund
  • Fund Family Name
    Diamond Hill Funds
  • Inception Date
    Dec 31, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chris Bingaman

Fund Description

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. The capitalization range of the Russell Midcap Index is between $362.3 million and $76.6 billion as of January 31, 2024. The size of the companies included in the Russell Midcap Index will change with market conditions.
The Adviser focuses on estimating a company’s value independent of its current stock price. To estimate a company’s 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 Adviser’s estimate of a company’s 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 company’s strategies, financial performance and competitive environment. The Adviser may sell a security as it reaches the Adviser’s estimate of the company’s value if it believes that the company’s 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.
Read More

DHPAX - Performance

Return Ranking - Trailing

Period DHPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% 7.2% 39.2% 56.11%
1 Yr 22.2% 12.6% 44.8% 48.61%
3 Yr 3.6%* -0.7% 18.1% 93.52%
5 Yr 7.4%* 1.0% 18.9% 93.10%
10 Yr 7.6%* 1.8% 11.9% 74.14%

* Annualized

Return Ranking - Calendar

Period DHPAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -11.3% 33.3% 62.78%
2022 -17.7% -41.6% 2.3% 75.84%
2021 30.5% -41.5% 44.9% 12.39%
2020 -2.5% -29.0% 22.1% 74.21%
2019 23.1% -8.1% 31.2% 45.86%

Total Return Ranking - Trailing

Period DHPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% 7.2% 39.2% 56.11%
1 Yr 22.2% 12.6% 44.8% 48.61%
3 Yr 3.6%* -0.7% 18.1% 93.52%
5 Yr 7.4%* 1.0% 18.9% 93.10%
10 Yr 7.6%* 1.8% 11.9% 74.14%

* Annualized

Total Return Ranking - Calendar

Period DHPAX Return Category Return Low Category Return High Rank in Category (%)
2023 9.1% -1.7% 36.5% 83.89%
2022 -13.7% -35.0% 2.4% 92.42%
2021 30.5% 6.2% 48.3% 35.77%
2020 -2.0% -22.9% 23.2% 82.52%
2019 25.4% -3.0% 35.7% 63.91%

NAV & Total Return History

DHPAX - Holdings

Concentration Analysis

DHPAX Category Low Category High DHPAX % Rank
Net Assets 166 M 991 K 28 B 80.33%
Number of Holdings 57 8 2308 78.67%
Net Assets in Top 10 60.6 M 349 K 5.52 B 70.91%
Weighting of Top 10 37.38% 4.6% 100.2% 10.80%

Top 10 Holdings

  1. WESCO International, Inc. 4.92%
  2. Red Rock Resorts, Inc. Class A 4.84%
  3. Post Holdings, Inc. 4.47%
  4. American International Group, Inc. 3.83%
  5. Regal Rexnord Corporation 3.82%
  6. Parker-Hannifin Corporation 3.73%
  7. CubeSmart REIT 3.45%
  8. Freeport-McMoRan, Inc. 2.98%
  9. Ashland, Inc. 2.72%
  10. MR Cooper Group, Inc. 2.62%

Asset Allocation

Weighting Return Low Return High DHPAX % Rank
Stocks 		98.60% 55.64% 103.53% 47.09%
Cash 		1.58% 0.00% 27.43% 49.03%
Preferred Stocks 		0.00% 0.00% 1.68% 70.64%
Other 		0.00% 0.00% 7.98% 80.89%
Convertible Bonds 		0.00% 0.00% 0.02% 69.08%
Bonds 		0.00% 0.00% 19.09% 69.25%

Stock Sector Breakdown

Weighting Return Low Return High DHPAX % Rank
Financial Services 		27.91% 0.00% 60.11% 3.90%
Industrials 		16.89% 0.00% 29.02% 42.62%
Consumer Cyclical 		13.87% 0.00% 29.62% 20.33%
Technology 		9.30% 0.00% 30.07% 54.87%
Real Estate 		9.28% 0.00% 40.74% 29.25%
Consumer Defense 		7.12% 0.00% 33.79% 27.30%
Basic Materials 		5.50% 0.00% 23.88% 53.76%
Utilities 		4.57% 0.00% 24.69% 68.80%
Energy 		2.59% 0.00% 29.17% 91.92%
Healthcare 		1.73% 0.00% 32.47% 97.49%
Communication Services 		1.24% 0.00% 19.80% 71.59%

Stock Geographic Breakdown

Weighting Return Low Return High DHPAX % Rank
US 		98.60% 55.64% 103.53% 41.00%
Non US 		0.00% 0.00% 33.85% 75.62%

DHPAX - Expenses

Operational Fees

DHPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.06% 16.92% 45.28%
Management Fee 0.60% 0.00% 1.20% 25.76%
12b-1 Fee 0.25% 0.00% 1.00% 57.67%
Administrative Fee 0.21% 0.01% 0.40% 83.51%

Sales Fees

DHPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% 36.72%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DHPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DHPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 227.00% 2.43%

DHPAX - Distributions

Dividend Yield Analysis

DHPAX Category Low Category High DHPAX % Rank
Dividend Yield 0.19% 0.00% 22.79% 97.50%

Dividend Distribution Analysis

DHPAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

DHPAX Category Low Category High DHPAX % Rank
Net Income Ratio 0.30% -1.84% 4.73% 80.17%

Capital Gain Distribution Analysis

DHPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DHPAX - Fund Manager Analysis

Managers

Chris Bingaman

Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Chris serves as a Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2001. Prior to joining Diamond Hill, Chris was a Senior Equity Analyst for Nationwide Insurance and affiliates from 1997 to 2001. In 1997, he was an Equity Analyst for Dillon Capital Management, an investment advisory firm. From 1990 to 1997, Chris held various positions with Fifth Third Bank, First Chicago NBD, and NBD Bank. Chris has a Bachelor of Arts in Finance from Hillsdale College (cum laude) and Master of Business Administration from the University of Notre Dame.

Chris Welch

Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Chris serves as Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2005. Prior to joining Diamond Hill, Chris was a Portfolio Manager with Fiduciary Trust Company International from 2004 to 2005. From 2002 to 2004, he was a private investor. From 1995 to 2002, Chris was a Portfolio Manager and Senior Equity Analyst for Nationwide Insurance. Chris has a Bachelor of Arts in Economics from Yale University (summa cum laude).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.15 10.92

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