- What does DIAYX invest in?
- The Diamond Hill Long-Short Fund seeks to capitalize on mispricings within the U.S. stock market. It achieves this by purchasing shares of American companies, regardless of their size, that its investment management team identifies as undervalued. Simultaneously, the fund takes "short" positions against U.S. equities, also across all market capitalizations, that the team believes are trading above their intrinsic worth. The core of their strategy involves assessing a company's true value independently of its current market price. When engaging in short sales, the fund sells borrowed securities, anticipating a future drop in price that will enable it to buy them back more cheaply, thus generating a profit.
- What is the expense ratio of DIAYX?
- Diamond Hill Long-Short Fund (DIAYX) charges an expense ratio of 1.28%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is DIAYX?
- Diamond Hill Long-Short Fund (DIAYX) manages $2.19B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is DIAYX actively managed or an index fund?
- DIAYX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was DIAYX launched?
- Diamond Hill Long-Short Fund (DIAYX) launched in December 2011 and is managed by Diamond Hill.
- How has DIAYX performed?
- DIAYX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
