Diamond Hill Long-Short Y (DIAYX)

Fund Assets	2.13B
Expense Ratio	1.341%
Min. Investment	$500,000
Turnover	67.00%
Dividend (ttm)	0.53
Dividend Yield	1.65%
Dividend Growth	-24.66%
Payout Frequency	n/a
Ex-Dividend Date	Dec 30, 2025

Previous Close	31.59
YTD Return	-1.37%
1-Year Return	3.98%
5-Year Return	36.39%
52-Week Low	29.39
52-Week High	32.57
Beta (5Y)	0.87
Holdings	89
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.

• Fund Family: Diamond Hill Funds
• Category: Alt Long/Short Eq
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: DIAYX
• Share Class: Class Y
• Index: Russell 1000 TR USD

Performance

DIAYX had a total return of 3.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.89%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
DHLSX	Class I	1.41%
DIAMX	Investor	1.70%

Top 10 Holdings

72.54% of assets

Name	Symbol	Weight
Ss Cash Financing	n/a	34.17%
State Street Instl US Govt MMkt Premier	GVMXX	7.39%
Microsoft Corporation	MSFT	5.76%
Taiwan Semiconductor Manufacturing Company Limited	TSM	4.45%
Meta Platforms, Inc.	META	4.20%
Alphabet Inc.	GOOGL	4.02%
American International Group, Inc.	AIG	3.44%
Gartner, Inc.	IT	3.12%
SentinelOne, Inc.	S	3.06%
Zoetis Inc.	ZTS	2.92%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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