Diamond Hill offers two financial sector funds, each with the primary objective of long-term capital appreciation by investing in companies selling for less than and shorting companies selling for more than our appraisal of intrinsic value.
Portfolio managers seek positive returns on both long and short positions, and the funds are suitable for investors with a 5+ year investment horizon.
Securities included in the portfolios include banks, thrifts, finance companies, brokerage and advisory firms, real estate-related firms, insurance companies and financial holding companies.
FINANCIAL LONG-SHORT FUND Inception Date: 8/1/97
| Share Class | Ticker Symbol | CUSIP | ||
| Class A | BANCX | 25264S106 | ||
| Class C | BSGCX | 25264S205 | ||
| Class I | DHFSX | 25264S825 | ||
FINANCIAL TRENDS CLOSED-END FUND Inception Date: 7/3/89
| Listed Exchange | Ticker Symbol | CUSIP | ||
| NASDAQ | DHFT | 25264C101 | ||
Closed-end fund shares are not redeemable, but instead are traded in the secondary market on an exchange (like the NASDAQ). Closed-end fund shares frequently trade at a discount to net asset value.
The Financial Long-Short Fund and Financial Trends Fund use short selling which incurs significant additional risk. Theoretically, stocks sold short have the risk of unlimited losses. Specialty Funds may carry additional risk.
Portfolio Management
Portfolio Manager
Assistant Portfolio Manager
Assistant Portfolio Manager