News

Selective in Overlooked High Yield: Diamond Hill Corporate Credit Fund
November 5, 2016

Traditionally, fund managers in the fixed-income space tend to build portfolios based on benchmarks that leave little room for credit selection. Bill Zox and John McClain explain how the Diamond Hill Corporate Credit Fund looks for opportunities where other managers rarely tread, using intensive fundamental research to identify bonds that are likely to outperform the market in the longer term.

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Third Quarter 2016 Fixed Income Portfolio Manager Conference Call Replay
October 20, 2016

View or listen to the conference call replay.

Diamond Hill Capital Management Launches Two New Fixed Income Mutual Funds
September 21, 2016
  • Diamond Hill Short Duration Total Return and Diamond Hill Core Bond strategies now available as mutual funds and institutional separate accounts.
  • New portfolio management team brings unique experience to Diamond Hill with consistent intrinsic value philosophy.
Diamond Hill Capital Management Expands Fixed Income Investment Team
June 13, 2016
  • Henry Song and Mark Jackson join Diamond Hill as Portfolio Managers
  • Doug Gimple joins Diamond Hill as Portfolio Specialist
  • Diamond Hill intends to launch two new fixed income strategies
Diamond Hill's Corporate Bond Investment Philosophy, Process and Structural Advantages
February 29, 2016

By Bill Zox, CFA and John McClain, CFA

At Diamond Hill, our mission is to serve our clients by providing lasting value through a shared commitment to our intrinsic value-based investment philosophy, disciplined approach and alignment with our clients’ interests. To this end, we have carefully designed structural advantages that are unique and that should give us an edge over our peers. Below, we provide insight on these advantages, as well as our corporate bond investment philosophy and process.

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Diamond Hill Capital Management Launches High Yield Strategy and Renames Strategic Income Strategy
February 29, 2016
  • High Yield and Corporate Credit provide two options for fixed income investors.
  • Both strategies are supported by Diamond Hill’s extensive research team.
  • Both strategies are available as mutual funds and separate accounts.
Insights on the Recent Turmoil in the High Yield Market
December 16, 2015

Diamond Hill’s fixed income portfolio managers Bill Zox and John McClain hosted a call on Thursday, December 16th, to share their insights on the recent turmoil in the high yield market. Listen to the replay here.

 

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Fixed Income Market Outlook
September 2015

Strategic Income portfolio managers Bill Zox and John McClain address investor concerns in the current fixed income market place.

The Overall Morningstar Rating™ is based on 590 high yield bond funds as of 6/30/17. The Fund’s Class I rating was 5 stars among 590, 4 stars among 474, and 3 stars among 317 high yield bond funds for the 3-, 5-, and 10-year periods ended 6/30/17, respectively.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

The Morningstar Broad Fee Level data point compares the fund's net expense ratio to the net expense ratio of all the other funds within its Morningstar Category.

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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