Diamond Hill Long-Short Fund Class Y (DIAYX)
| Fund Assets | 2.29B |
| Expense Ratio | 1.34% |
| Min. Investment | $500,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 1.73% |
| Dividend Growth | -79.00% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 31.66 |
| YTD Return | -1.44% |
| 1-Year Return | 14.11% |
| 5-Year Return | 56.64% |
| 52-Week Low | 25.82 |
| 52-Week High | 32.25 |
| Beta (5Y) | n/a |
| Holdings | 100 |
| Inception Date | Dec 30, 2011 |
About DIAYX
Diamond Hill Long-Short Fund Class Y is a mutual fund designed to provide long-term capital appreciation through a distinctive long-short equity strategy. The fund invests primarily in U.S. equity securities across all market capitalizations, targeting companies that Diamond Hill Capital Management believes are undervalued for long positions and overvalued for short positions. Utilizing a disciplined intrinsic value investment philosophy, the fund treats each investment as a partial ownership in a business, seeking a margin of safety for long holdings and a premium valuation for short positions. The portfolio typically maintains a long bias, with 80-100% of net assets in long positions and 10-40% in short positions, resulting in a gross market exposure of up to 140%. This approach allows the fund to pursue returns through both rising and falling markets, while potentially reducing overall portfolio volatility. The fund is managed by an experienced team employing bottom-up research and aims to generate alpha irrespective of market direction. It is particularly notable within the long-short equity mutual fund category for its structured risk management and focus on fundamental value.
Performance
DIAYX had a total return of 14.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.06%.
Top 10 Holdings
71.69% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash | n/a | 32.89% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 10.17% |
| Alphabet Inc. | GOOGL | 4.48% |
| Microsoft Corporation | MSFT | 4.22% |
| American International Group, Inc. | AIG | 3.93% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 3.88% |
| Meta Platforms, Inc. | META | 3.85% |
| Citigroup Inc. | C | 3.76% |
| Zoetis Inc. | ZTS | 2.32% |
| Salesforce, Inc. | CRM | 2.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.5274 | Dec 31, 2025 |
| Dec 12, 2025 | $0.0197 | Dec 15, 2025 |
| Dec 30, 2024 | $0.700 | Dec 31, 2024 |
| Dec 12, 2024 | $1.9055 | Dec 13, 2024 |
| Dec 28, 2023 | $0.6403 | Dec 29, 2023 |
| Dec 14, 2023 | $0.5149 | Dec 15, 2023 |