Diamond Hill Receives Two Refinitiv Lipper Awards: Best Fixed Income Small Company Group and Best High Yield Fund
Recognized for Consistently Strong Risk-Adjusted Performance Over Three Years
COLUMBUS, OHIO, March 6, 2020 – Diamond Hill Capital Management, Inc., an independent active asset manager and subsidiary of Diamond Hill Investment Group, Inc. (NASDAQ: DHIL), today announced its fixed income team received two 2020 U.S. Refinitiv Lipper Fund Awards for delivering historically strong risk-adjusted returns over a three-year period.
Diamond Hill received the Group Award in the Fixed Income Small Company category out of 81 fund families for the three-year period ended Nov. 30, 2019. Only eight firms among 255 received the Group Award for superior asset class performance. The Diamond Hill High Yield Fund, Class Y (DHHYX), received the Best High Yield Fund award, out of 107 funds, for the three-year period through Nov. 30, 2019.
The Diamond Hill High Yield Fund is managed by William Zox, CFA; John McClain, CFA; and Suken Patel, CFA. The asset class award is also based on the performance of the Diamond Hill Corporate Credit Fund, managed by the same team, and the Diamond Hill Core Bond Fund and Diamond Hill Short Duration Total Return Fund, managed by Henry Song, CFA and Mark Jackson, CFA. As of Feb. 29, 2020, Diamond Hill fixed income assets under management were over $2.7 billion.
“These awards reflect the dedication and skill of our fixed income portfolio managers and the rest of the Diamond Hill team,” said Zox, who is also chief investment officer, fixed income. “Long-term partnerships with our clients and their advisors are essential. And we have optimized our structure to be best positioned to adapt to and take advantage of changes in the fixed income markets.”
In addition to the Refinitiv Lipper Fund Award, the Diamond Hill High Yield Fund Class Y (DHHYX) has achieved the following:
- 5-Star Overall Morningstar RatingTM based on risk-adjusted returns, as of Feb. 29, 2020, among 621 funds in the U.S. Fund High Yield Bond category
- 1st percentile in the Morningstar U.S. Fund High Yield Bond category based on total return for the three-year period, as of Feb. 29, 2020
- Returned 8.30% vs. 4.76% for the ICE BofA U.S. High Yield Index for the three-year period ended Feb. 29, 2020
Diamond Hill’s High Yield strategy has also achieved a top percentile ranking in eVestment’s U.S. High Yield Fixed Income universe for both the three- and five-year periods ended Dec. 31, 2019.
About the Refinitiv Lipper Fund Awards
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
About Diamond Hill Capital Management
Based in Columbus, Ohio, Diamond Hill Capital Management is an independent active asset manager. The firm is a subsidiary of Diamond Hill Investment Group, Inc. (NASDAQ: DHIL), with significant employee ownership and $23.4 billion in assets under management as of Dec. 31, 2019. Diamond Hill invests on behalf of institutions and individuals through mutual funds and separate accounts. Strategies include long-only U.S. and international equity, alternative long-short equity, and fixed income. Diamond Hill serves clients by providing investment strategies that deliver lasting value through a shared commitment to its intrinsic value investment philosophy, long-term perspective, disciplined approach and alignment with client interests.
Please see full disclosures and standardized performance here.