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Calendar Year Returns1 (%)
Peer Group Quartile Rankings2 As of
30 Jun 2022
Diamond
Hill
Percentile |
48th
37th
24th
30th
|
Statistics
Portfolio Characteristics
As of
30 Jun 2022
Five-Year Risk Statistics3 As of
30 Jun 2022
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Portfolio
Portfolio Guidelines
The portfolio generally invests at least 80% of its assets in securitized bond investments. The portfolio may invest up to 15% of its assets in below-investment grade securities at the time of purchase and will typically maintain an average portfolio duration of one to two, with a maximum of three.
Sector Allocation4 (%) As of
30 Jun 2022
Bloomberg US 1-3 Yr. Gov./Credit Index
Duration Breakdown (%)As of
30 Jun 2022
|
Short Duration Securitized Bond Composite |
Bloomberg US 1-3 Yr. Gov./Credit Index |
| Less than one |
44.0 |
4.4 |
| 1-3 |
43.5 |
95.6 |
| 3-5 |
12.4 |
0.0 |
| 5-7 |
0.0 |
0.0 |
| 7-10 |
0.0 |
0.0 |
| 10-20 |
0.1 |
0.0 |
| 20+ |
0.0 |
0.0 |
Credit Quality Rating5 (%) As of
30 Jun 2022
| AAA |
17.9 |
| AA |
7.2 |
| A |
14.9 |
| BBB |
33.0 |
| BB |
8.7 |
| B |
2.4 |
| CCC & Below |
0.0 |
| Not Rated |
15.9 |
Key Rate Duration (%) As of
30 Jun 2022
|
Short Duration Securitized Bond Composite |
Bloomberg US 1-3 Yr. Gov./Credit Index |
| 1Y |
0.14 |
0.36 |
| 2Y |
0.42 |
0.91 |
| 3Y |
0.44 |
0.59 |
| 5Y |
0.29 |
0.00 |
| 10Y |
0.04 |
0.00 |
| 20Y |
0.01 |
0.00 |
| 30Y |
0.00 |
0.00 |
Disclosure
1 2016 returns represent the time period 31 July 2016 - 31 Dec 2016.
2 Source: eVestment Analytics. Ranking within eVestment US Securitized Fixed Income - Non-Traditional universe based on monthly returns gross of fees. Ranking data calculated on 20 Jul 2022 (as of 30 Jun 2022) and is subject to change as additional firms within the category submit data.
3 Relative to the Bloomberg US 1-3 Yr. Gov./Credit Index.
4 Residential Mortgage-Backed Securities/Commercial Mortgage-Backed Securities. Cash & Other may include cash, money market funds and short duration fixed income funds.
5 Security quality ratings are derived from underlying portfolio securities by using the middle rating of Standard & Poor’s, Moody’s, and Fitch. If only two of Standard & Poor’s, Moody’s, and Fitch rates a security the higher of the two is selected. If only one of Standard & Poor’s, Moody’s, and Fitch rates a security the available rating is used. For securities that are not rated by Standard & Poor’s, Moody’s, or Fitch a rating from a secondary Nationally Recognized Statistical Rating Organization (“NRSRO”) may be used. Ratings by any agency represent an opinion only, not a recommendation to buy or sell. Securities that are not rated by any agencies are reflected as Not Rated “NR.”
Index data source: Bloomberg Index Services Limited. See diamond-hill.com/disclosures for a full copy of the disclaimer.
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