COLUMBUS, Ohio, March 6, 2020 /PRNewswire/ -- Diamond Hill
Capital Management, Inc., an independent active asset manager and
subsidiary of Diamond Hill Investment Group, Inc. (NASDAQ: DHIL),
today announced its fixed income team received two 2020 U.S.
Refinitiv Lipper Fund Awards for delivering historically strong
risk-adjusted returns over a three-year period.
Diamond Hill received the Group Award in the Fixed Income Small
Company category out of 81 fund families for the three-year period
ended Nov. 30, 2019. Only eight firms
among 255 received the Group Award for superior asset class
performance. The Diamond Hill High Yield Fund, Class Y
(DHHYX), received the Best High Yield Fund award, out of 107 funds,
for the three-year period through Nov. 30,
2019.
The Diamond Hill High Yield Fund is managed by William Zox, CFA; John
McClain, CFA; and Suken
Patel, CFA. The asset class award is also based on the
performance of the Diamond Hill Corporate Credit Fund, managed by
the same team, and the Diamond Hill Core Bond Fund and Diamond Hill
Short Duration Total Return Fund, managed by Henry Song, CFA and Mark Jackson, CFA. As of
Feb. 29, 2020, Diamond Hill fixed
income assets under management were over $2.7 billion.
"These awards reflect the dedication and skill of our fixed
income portfolio managers and the rest of the Diamond Hill team,"
said Zox, who is also chief investment officer, fixed income.
"Long-term partnerships with our clients and their advisors are
essential. And we have optimized our structure to be best
positioned to adapt to and take advantage of changes in the fixed
income markets."
In addition to the Refinitiv Lipper Fund Award, the Diamond Hill
High Yield Fund Class Y (DHHYX) has achieved the following:
- 5-Star Overall Morningstar Rating™ based on
risk-adjusted returns, as of Feb. 29,
2020, among 621 funds in the U.S. Fund High Yield Bond
category
- 1st percentile in the Morningstar U.S. Fund High Yield Bond
category based on total return for the three-year period, as of
Feb. 29, 2020
- Returned 8.30% vs. 4.76% for the ICE BofA U.S. High Yield Index
for the three-year period ended Feb. 29,
2020
Diamond Hill's High Yield strategy has also achieved a top
percentile ranking in eVestment's U.S. High Yield Fixed Income
universe for both the three- and five-year periods ended
Dec. 31, 2019.
About the Refinitiv Lipper Fund Awards
The Refinitiv Lipper Fund Awards, granted annually, highlight
funds and fund companies that have excelled in delivering
consistently strong risk-adjusted performance relative to their
peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader
for Consistent Return rating, which is a risk-adjusted performance
measure calculated over 36, 60 and 120 months. The fund with the
highest Lipper Leader for Consistent Return (Effective Return)
value in each eligible classification wins the Refinitiv Lipper
Fund Award. For more information, see lipperfundawards.com.
Although Refinitiv Lipper makes reasonable efforts to ensure the
accuracy and reliability of the data contained herein, the accuracy
is not guaranteed by Refinitiv Lipper.
About Diamond Hill Capital Management
Based in Columbus, Ohio,
Diamond Hill Capital Management is an independent active asset
manager. The firm is a subsidiary of Diamond Hill Investment Group,
Inc. (NASDAQ: DHIL), with significant employee ownership and
$23.4 billion in assets under
management as of Dec. 31, 2019.
Diamond Hill invests on behalf of institutions and individuals
through mutual funds and separate accounts. Strategies include
long-only U.S. and international equity, alternative long-short
equity, and fixed income. Diamond Hill serves clients by providing
investment strategies that deliver lasting value through a shared
commitment to its intrinsic value investment philosophy, long-term
perspective, disciplined approach and alignment with client
interests. For more information visit www.diamond-hill.com
Please see full disclosures and standardized performance
here
https://www.diamond-hill.com/strategies/fixed-income/mutual-funds/high-yield/returns/
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SOURCE Diamond Hill Investment Group, Inc.