Past performance is not a guarantee of future results. Composite results reflect the reinvestment of dividends, capital gains and other earnings when appropriate. Net returns are calculated by reducing the gross returns by the highest stated fee in the composite fee schedule. Only transaction costs are deducted from gross of fees returns. Prior to 30 September 2022, actual fees were used in calculating net returns. All net returns were changed retroactively to reflect the highest fee in the composite fee schedule. To view a GIPS Report for all composites, click here.
Calendar Year Returns (%)
Peer Group Quartile Rankings1 As of
31 Dec 2023
Diamond
Hill
Percentile |
9th 24th 13th 25th
|
"We develop a deep understanding of businesses and invest in them at a discount to intrinsic value to build a carefully curated portfolio."
—Krishna Mohanraj, CFA, Portfolio Manager
Learn more about our philosophy
Statistics
Portfolio Characteristics vs Benchmark2
As of
31 Dec 2023
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Portfolio
Portfolio Guidelines
- Typically 35–55 positions
- Maximum sector exposure is 35%
- Maximum single country exposure is 30%
- Maximum emerging market exposure is 40%
Market Capitalization
The portfolio typically invests in companies with a market capitalization of $1 billion or greater.
Top Ten Equity Holdings3
As of
31 Dec 2023
Sector Allocation4 (%) As of
31 Dec 2023
Top Five Countries (%) As of
31 Dec 2023
|
International Composite |
MSCI ACWI ex USA Index |
| United Kingdom |
24.4 |
9.5 |
| Switzerland |
10.0 |
6.4 |
| Canada |
8.1 |
7.7 |
| Japan |
6.7 |
14.4 |
| United States |
5.8 |
0.1 |
Regional Exposure (%) As of
31 Dec 2023
|
International Composite |
MSCI ACWI ex USA Index |
| Europe |
52.2 |
42.8 |
| Asia & Pacific |
20.4 |
43.5 |
| North America |
13.8 |
7.8 |
| Latin America |
6.7 |
2.6 |
| Middle East & Africa |
0.9 |
3.3 |
Developed vs Emerging Exposure (%) As of
31 Dec 2023
|
International Composite |
MSCI ACWI ex USA Index |
| Developed Markets |
75.5 |
75.7 |
| Emerging Markets |
18.6 |
24.3 |
Disclosure
1 Source: eVestment. Ranking within ACWI ex-US All Cap Core Equity universe based on monthly returns gross of fees. Ranking data calculated on 19 Jan 2024 (as of 31 Mar 2024) and is subject to change as additional firms within the category submit data. Diamond Hill pays an annual fee to eVestment to access their platform and to use their data, including peer group rankings, in marketing materials. Diamond Hill does not pay for the ranking.
2 Source: FactSet. Active Share: Source: FactSet. Active share measures the difference between portfolio holdings and the benchmark. The higher the active share, the greater the difference. The MSCI ACWI ex USA Index is the benchmark. Upside/Downside Capture: Source: eVestment Analytics based on monthly returns (gross of fees) from 1 Jan 2017 – 31 Mar 2024.
3 Securities referenced may not be representative of all portfolio holdings. The reader should not assume that an investment in the securities was or will be profitable.
4 Cash & Other may include cash, treasuries, money market funds and short duration fixed income funds.
Index data source: MSCI, Inc. See diamond-hill.com/disclosures for index definitions, data sources and other definitions.
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