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.
Diamond Hill Small-Mid Cap I DHMIX
NAV / 1-Day Return
24.06
/
0.33
%
Total Assets
2.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.920%
Expense Ratio
0.920%
Fee Level
Above Average
Longest Manager Tenure
15.07
years
Category
Mid-Cap Value
Investment Style
Small ValueMin. Initial Investment
2,500
Status
Limited
TTM Yield
0.69%
Turnover
14%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will DHMIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DHMIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DHMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of DHMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Despite several recent departures, including an assistant manager, this closed fund remains in capable hands.
