Diamond Hill Long Short Fund Investor Share (DIAMX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
28.56
-0.03 (-0.10%)
Jul 14, 2025, 4:00 PM EDT
-1.21%
Fund Assets1.89B
Expense Ratio1.75%
Min. Investment$2,500
Turnover46.00%
Dividend (ttm)2.48
Dividend Yield8.69%
Dividend Growth137.44%
Payout FrequencySemi-Annual
Ex-Dividend DateDec 30, 2024
Previous Close28.59
YTD Return9.43%
1-Year Return8.15%
5-Year Return67.94%
52-Week Low25.06
52-Week High29.14
Beta (5Y)n/a
Holdings97
Inception DateJun 30, 2000

About DIAMX

Diamond Hill Long-Short Fund Investor Share is a mutual fund that employs a long-short equity strategy, aiming to deliver long-term capital appreciation by holding both long and short positions in U.S. equities. Managed by Diamond Hill Capital Management, the fund selects long positions in companies it believes are undervalued and short positions in those deemed overvalued, based on its intrinsic value assessment. The investment approach treats each holding as a partial ownership interest, seeking long investments at a discount and short exposures at a premium to intrinsic value, with the expectation that market and intrinsic values will converge over time. This fund typically maintains 40–60 long positions and 25–50 short positions, with long positions generally comprising 80–100% of net assets and short positions 10–40%. The strategy is long-biased but flexible, offering some market downside protection through its short book. The fund invests across all market capitalizations, providing broad exposure to U.S. equity markets. Its focus on valuation-driven stock selection and risk management makes it significant for investors seeking a differentiated equity approach, and it occupies a unique role in the market by offering potential diversification benefits relative to traditional long-only equity funds.

Fund Family Diamond Hill Funds
Category Long-Short Equity
Stock Exchange NASDAQ
Ticker Symbol DIAMX
Share Class Investor
Index Russell 1000 TR USD

Performance

DIAMX had a total return of 8.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.75%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
DIAYXClass Y1.34%
DHLSXClass I1.46%

Top 10 Holdings

73.53% of assets
NameSymbolWeight
Cashn/a34.98%
State Street U.S. Government Money Market PortfolioGVMXX8.19%
Microsoft CorporationMSFT4.83%
Citigroup Inc.C4.60%
Meta Platforms, Inc.META4.17%
American International Group, Inc.AIG4.04%
Alphabet Inc.GOOGL3.83%
Taiwan Semiconductor Manufacturing Company LimitedTSM3.06%
Parker-Hannifin CorporationPH2.97%
WNS (Holdings) LimitedWNS2.88%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 30, 2024$0.5793Dec 31, 2024
Dec 12, 2024$1.9055Dec 13, 2024
Dec 28, 2023$0.5316Dec 29, 2023
Dec 14, 2023$0.5149Dec 15, 2023
Dec 29, 2022$0.0877Dec 30, 2022
Dec 14, 2022$1.1343Dec 15, 2022
Full Dividend History