Diamond Hill Small-Mid Cap’s experienced portfolio manager continues to ply an effective intrinsic value approach, but a flurry of recent departures introduces some uncertainty. All but one of the fund’s share classes drop to a Morningstar Analyst Rating of Silver from Gold, while the pricier C share class drops to Bronze.
Will DHMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DHMAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the DHMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of DHMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.